Ambarella (NASDAQ:AMBA) was upgraded by investment analysts at TheStreet from a “d+” rating to a “c-” rating in a note issued to investors on Tuesday, TheStreetRatingsTable reports.
A number of other brokerages also recently issued reports on AMBA. Roth Capital boosted their price target on shares of Ambarella from $45.00 to $55.00 in a research report on Tuesday, September 3rd. ValuEngine upgraded shares of Ambarella from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 2nd. Needham & Company LLC reiterated a “sell” rating on shares of Ambarella in a research report on Friday, August 30th. Cowen reiterated an “overweight” rating on shares of Ambarella in a research report on Tuesday, September 3rd. Finally, Bank of America set a $50.00 target price on shares of Ambarella and gave the company a “sell” rating in a research report on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $59.38.
Shares of NASDAQ AMBA traded down $1.01 during midday trading on Tuesday, reaching $65.29. The stock had a trading volume of 997,081 shares, compared to its average volume of 582,873. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of -58.82 and a beta of 1.20. Ambarella has a twelve month low of $30.00 and a twelve month high of $67.15. The company has a debt-to-equity ratio of 0.01, a quick ratio of 9.42 and a current ratio of 9.01. The company’s 50 day moving average price is $50.19 and its 200 day moving average price is $45.75.
Ambarella (NASDAQ:AMBA) last issued its quarterly earnings results on Thursday, August 29th. The semiconductor company reported ($0.28) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.33) by $0.05. The firm had revenue of $56.41 million for the quarter, compared to the consensus estimate of $52.00 million. Ambarella had a negative net margin of 19.38% and a negative return on equity of 10.82%. The company’s revenue for the quarter was down 9.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.25 EPS. Equities analysts forecast that Ambarella will post -1.13 earnings per share for the current fiscal year.
In related news, VP Yun-Lung Chen sold 5,734 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $64.80, for a total transaction of $371,563.20. Following the transaction, the vice president now owns 23,397 shares in the company, valued at approximately $1,516,125.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Leslie Kohn sold 4,438 shares of the business’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $43.06, for a total transaction of $191,100.28. Following the transaction, the insider now owns 924,352 shares in the company, valued at approximately $39,802,597.12. The disclosure for this sale can be found here. Insiders have sold a total of 80,840 shares of company stock worth $4,589,931 in the last quarter. 6.31% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in AMBA. Dimensional Fund Advisors LP increased its stake 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 purchasing an additional 92,847 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake 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 purchasing an additional 5,735 shares in the last quarter. Gamco Investors INC. ET AL bought a new stake in Ambarella during the 1st quarter valued at $244,000. Krane Funds Advisors LLC increased its stake 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 purchasing an additional 1,267 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake 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 purchasing an additional 25,933 shares in the last quarter. Institutional investors and hedge funds own 74.59% of the company’s stock.
Ambarella Company Profile
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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