1 week Ago By ABMN Staff
Ambarella, Inc. ( NASDAQ:AMBA – Get Free Report ) has been given an average recommendation of “Moderate Buy” by the twelve research firms that are covering the stock, Marketbeat.com reports.
One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $74.58.
A number of equities research analysts have recently issued reports on the stock. TD Cowen increased their price target on shares of Ambarella from $65.00 to $75.
00 and gave the stock a “hold” rating in a report on Wednesday, August 28th. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 target price on shares of Ambarella in a research note on Wednesday, August 28th.
Roth Mkm restated a “neutral” rating and set a $60.00 price target on shares of Ambarella in a research report on Wednesday, August 28th. Stifel Nicolaus upped their price target on shares of Ambarella from $75.
00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Finally, Bank of America lifted their price objective on Ambarella from $50.
00 to $57.00 and gave the company an “underperform” rating in a research note on Wednesday, August 28th. View Our Latest Stock Analysis on Ambarella Ambarella Trading Down 3.
8 % Ambarella ( NASDAQ:AMBA – Get Free Report ) last announced its quarterly earnings results on Tuesday, August 27th. The semiconductor company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.
19) by $0.06. The company had revenue of $63.
70 million during the quarter, compared to analysts’ expectations of $62.10 million. Ambarella had a negative return on equity of 25.
76% and a negative net margin of 79.46%. The firm’s quarterly revenue was up 2.
6% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.76) earnings per share.
On average, equities research analysts forecast that Ambarella will post -2.99 EPS for the current year. Insider Transactions at Ambarella In other Ambarella news, VP Chi-Hong Ju sold 6,000 shares of the stock in a transaction that occurred on Wednesday, June 26th.
The shares were sold at an average price of $52.90, for a total transaction of $317,400.00.
Following the transaction, the vice president now directly owns 173,193 shares in the company, valued at $9,161,909.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink .
In other Ambarella news, VP Chi-Hong Ju sold 6,000 shares of the company’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $52.90, for a total transaction of $317,400.
00. Following the completion of the sale, the vice president now directly owns 173,193 shares in the company, valued at $9,161,909.70.
The transaction was disclosed in a document filed with the SEC, which is accessible through this link . Also, VP Yun-Lung Chen sold 5,963 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $57.
56, for a total value of $343,230.28. Following the transaction, the vice president now directly owns 62,026 shares in the company, valued at $3,570,216.
56. The disclosure for this sale can be found here . In the last three months, insiders sold 26,653 shares of company stock worth $1,487,144.
5.70% of the stock is currently owned by corporate insiders. Institutional Trading of Ambarella A number of institutional investors have recently made changes to their positions in AMBA.
Russell Investments Group Ltd. increased its stake in shares of Ambarella by 13.5% in the fourth quarter.
Russell Investments Group Ltd. now owns 17,146 shares of the semiconductor company’s stock worth $1,051,000 after buying an additional 2,034 shares during the period. Natixis Advisors L.
P. increased its stake in shares of Ambarella by 16.6% in the fourth quarter.
Natixis Advisors L.P. now owns 20,409 shares of the semiconductor company’s stock worth $1,250,000 after buying an additional 2,908 shares during the period.
Charles Schwab Investment Management Inc. increased its stake in shares of Ambarella by 1.6% in the fourth quarter.
Charles Schwab Investment Management Inc. now owns 299,062 shares of the semiconductor company’s stock worth $18,330,000 after buying an additional 4,593 shares during the period. Wrapmanager Inc.
purchased a new position in shares of Ambarella in the fourth quarter worth $210,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of Ambarella by 4.4% in the fourth quarter.
Dimensional Fund Advisors LP now owns 704,350 shares of the semiconductor company’s stock worth $43,171,000 after buying an additional 29,379 shares during the period. Hedge funds and other institutional investors own 82.09% of the company’s stock.
Ambarella Company Profile ( Get Free Report Ambarella, Inc develops semiconductor solutions that enable high-definition (HD) and ultra HD compression, image signal processing, and artificial intelligence processing worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, artificial intelligence computer vision algorithms, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption. Featured Articles Receive News & Ratings for Ambarella Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ambarella and related companies with MarketBeat.
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