Ambarella Inc (NASDAQ:AMBA) has earned an average rating of “Hold” from the fifteen ratings firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $47.17.

Several analysts have recently issued reports on the company. ValuEngine raised Ambarella from a “hold” rating to a “buy” rating in a report on Friday, September 7th. Bank of America cut Ambarella from a “neutral” rating to an “underperform” rating and set a $35.00 price objective on the stock. in a report on Friday, August 31st. Cowen decreased their price objective on Ambarella from $65.00 to $54.00 and set an “outperform” rating on the stock in a report on Friday, August 31st. Deutsche Bank decreased their price objective on Ambarella from $44.00 to $38.00 and set a “hold” rating on the stock in a report on Friday, August 31st. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Ambarella in a report on Friday, August 31st.

In related news, CEO Feng-Ming Wang sold 10,727 shares of the stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $35.56, for a total transaction of $381,452.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Leslie Kohn sold 6,799 shares of the stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $35.46, for a total value of $241,092.54. Following the sale, the insider now owns 916,795 shares in the company, valued at approximately $32,509,550.70. The disclosure for this sale can be found here. Insiders have sold a total of 43,609 shares of company stock worth $1,628,876 in the last 90 days. 5.84% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in the stock. FMR LLC purchased a new stake in Ambarella during the 3rd quarter valued at $12,363,000. BlackRock Inc. increased its stake in Ambarella by 2.5% in the third quarter. BlackRock Inc. now owns 1,690,551 shares of the semiconductor company’s stock worth $65,392,000 after purchasing an additional 41,782 shares during the period. Van Berkom & Associates Inc. increased its stake in Ambarella by 10.7% in the third quarter. Van Berkom & Associates Inc. now owns 1,714,636 shares of the semiconductor company’s stock worth $66,322,000 after purchasing an additional 165,433 shares during the period. Granite Investment Partners LLC purchased a new stake in Ambarella in the third quarter worth $763,000. Finally, Migdal Insurance & Financial Holdings Ltd. increased its stake in Ambarella by 13.0% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 13,434 shares of the semiconductor company’s stock worth $520,000 after purchasing an additional 1,544 shares during the period. Institutional investors own 69.76% of the company’s stock.

AMBA stock traded down $1.63 during midday trading on Monday, hitting $35.00. The company’s stock had a trading volume of 303,622 shares, compared to its average volume of 537,152. Ambarella has a 12 month low of $31.41 and a 12 month high of $66.23. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 63.64 and a beta of 1.13.

Ambarella (NASDAQ:AMBA) last posted its quarterly earnings results on Thursday, August 30th. The semiconductor company reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.12. Ambarella had a negative return on equity of 0.71% and a negative net margin of 1.40%. The business had revenue of $62.47 million during the quarter, compared to the consensus estimate of $62.27 million. On average, equities analysts predict that Ambarella will post -0.93 EPS for the current fiscal year.

About Ambarella

Ambarella, Inc develops semiconductor processing solutions for video that enable high-definition (HD), video capture, analysis, sharing, and display worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, computer vision functionality, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.

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Analyst Recommendations for Ambarella (NASDAQ:AMBA)

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