BidaskClub upgraded shares of Ambarella (NASDAQ:AMBA) from a buy rating to a strong-buy rating in a research note issued to investors on Wednesday morning, BidAskClub reports.

A number of other brokerages also recently weighed in on AMBA. Needham & Company LLC restated a sell rating on shares of Ambarella in a research note on Friday, August 30th. Cowen restated an overweight rating on shares of Ambarella in a research note on Tuesday, September 3rd. Bank of America set a $50.00 target price on Ambarella and gave the stock a sell rating in a research note on Friday, August 30th. Northland Securities set a $59.00 target price on Ambarella and gave the stock a buy rating in a research note on Friday, August 30th. Finally, KeyCorp restated a hold rating on shares of Ambarella in a research note on Friday, August 30th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. Ambarella presently has an average rating of Buy and an average target price of $59.38.

Shares of NASDAQ AMBA opened at $64.91 on Wednesday. Ambarella has a twelve month low of $30.00 and a twelve month high of $67.15. The stock’s 50 day moving average price is $50.50 and its 200-day moving average price is $45.88. The company has a market capitalization of $2.19 billion, a PE ratio of -58.48 and a beta of 1.20. The company has a quick ratio of 9.42, a current ratio of 9.01 and a debt-to-equity ratio of 0.01.

Ambarella (NASDAQ:AMBA) last announced its earnings results on Thursday, August 29th. The semiconductor company reported ($0.28) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.05. Ambarella had a negative return on equity of 10.82% and a negative net margin of 19.38%. The firm had revenue of $56.41 million for the quarter, compared to the consensus estimate of $52.00 million. During the same quarter in the previous year, the business earned $0.25 EPS. The company’s revenue was down 9.7% compared to the same quarter last year. As a group, research analysts expect that Ambarella will post -1.13 EPS for the current fiscal year.

In related news, VP Yun-Lung Chen sold 5,734 shares of Ambarella stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $64.80, for a total value of $371,563.20. Following the sale, the vice president now owns 23,397 shares of the company’s stock, valued at approximately $1,516,125.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Feng-Ming Wang sold 60,000 shares of Ambarella stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $59.18, for a total transaction of $3,550,800.00. Following the completion of the sale, the chief executive officer now directly owns 514,944 shares in the company, valued at approximately $30,474,385.92. The disclosure for this sale can be found here. Insiders sold a total of 80,840 shares of company stock worth $4,589,931 in the last ninety days. 6.31% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of AMBA. Dimensional Fund Advisors LP raised its holdings in Ambarella by 25.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 464,817 shares of the semiconductor company’s stock valued at $16,260,000 after acquiring an additional 92,847 shares during the period. BNP Paribas Arbitrage SA raised its holdings in Ambarella by 103.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 11,273 shares of the semiconductor company’s stock valued at $487,000 after acquiring an additional 5,735 shares during the period. Gamco Investors INC. ET AL bought a new stake in Ambarella during the 1st quarter valued at $244,000. Krane Funds Advisors LLC raised its holdings in Ambarella by 14.8% during the 1st quarter. Krane Funds Advisors LLC now owns 9,834 shares of the semiconductor company’s stock valued at $425,000 after acquiring an additional 1,267 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Ambarella by 33.4% during the 1st quarter. JPMorgan Chase & Co. now owns 103,506 shares of the semiconductor company’s stock valued at $4,472,000 after acquiring an additional 25,933 shares during the period. 74.59% of the stock is currently owned by institutional investors and hedge funds.

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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