Ambarella (AMBA) Rating Increased to Hold at BidaskClub

BidaskClub upgraded shares of Ambarella (NASDAQ:AMBA) from a sell rating to a hold rating in a report published on Tuesday morning.

Several other equities research analysts also recently weighed in on the stock. ValuEngine downgraded shares of Ambarella from a buy rating to a hold rating in a research note on Wednesday, October 3rd. Zacks Investment Research downgraded shares of Ambarella from a hold rating to a sell rating in a research note on Thursday, September 6th. Deutsche Bank decreased their price target on shares of Ambarella from $44.00 to $38.00 and set a hold rating for the company in a research note on Friday, August 31st. Stifel Nicolaus decreased their price target on shares of Ambarella from $56.00 to $45.00 and set a buy rating for the company in a research note on Friday, August 31st. Finally, Dougherty & Co decreased their price target on shares of Ambarella from $55.00 to $50.00 and set a buy rating for the company in a research note on Friday, August 31st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $50.72.

AMBA opened at $35.64 on Tuesday. Ambarella has a 1-year low of $31.41 and a 1-year high of $66.23. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 64.80 and a beta of 1.06.

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, beating the consensus estimate of $0.13 by $0.12. Ambarella had a negative net margin of 1.40% and a negative return on equity of 0.71%. The firm had revenue of $62.47 million during the quarter, compared to the consensus estimate of $62.27 million. On average, equities research analysts predict that Ambarella will post -0.84 EPS for the current year.

In other news, EVP George Laplante sold 4,016 shares of the business’s stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $35.53, for a total transaction of $142,688.48. Following the completion of the sale, the executive vice president now directly owns 100,002 shares of the company’s stock, valued at $3,553,071.06. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Christopher B. Paisley sold 1,000 shares of the business’s stock in a transaction dated Thursday, September 6th. The stock was sold at an average price of $40.00, for a total transaction of $40,000.00. Following the sale, the director now directly owns 17,765 shares of the company’s stock, valued at $710,600. The disclosure for this sale can be found here. Over the last three months, insiders have sold 43,609 shares of company stock valued at $1,628,876. 5.84% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of AMBA. Xact Kapitalforvaltning AB purchased a new position in Ambarella during the first quarter worth about $213,000. Alps Advisors Inc. purchased a new position in Ambarella during the second quarter worth about $264,000. Marathon Capital Management purchased a new position in Ambarella during the second quarter worth about $270,000. Centaurus Financial Inc. purchased a new position in Ambarella during the second quarter worth about $280,000. Finally, Krane Funds Advisors LLC boosted its holdings in Ambarella by 70.0% during the second quarter. Krane Funds Advisors LLC now owns 7,630 shares of the semiconductor company’s stock worth $295,000 after purchasing an additional 3,142 shares during the last quarter. 70.31% of the stock is owned by institutional investors.

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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