2 weeks Ago By ABMN Staff
Ambarella ( NASDAQ:AMBA – Get Free Report ) had its price objective boosted by stock analysts at Bank of America from $50.00 to $57.00 in a research report issued to clients and investors on Wednesday, Benzinga reports.
The firm presently has an “underperform” rating on the semiconductor company’s stock. Bank of America ‘s target price suggests a potential downside of 3.85% from the stock’s previous close.
AMBA has been the subject of a number of other research reports. Morgan Stanley raised their price objective on Ambarella from $67.00 to $73.
00 and gave the company an “overweight” rating in a research report on Wednesday. Westpark Capital restated a “buy” rating and set a $85.00 price target on shares of Ambarella in a report on Monday.
Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price target on shares of Ambarella in a research note on Wednesday. Rosenblatt Securities restated a “buy” rating and set a $85.
00 price objective on shares of Ambarella in a research note on Friday, August 23rd. Finally, TD Cowen lifted their target price on shares of Ambarella from $65.00 to $75.
00 and gave the stock a “hold” rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $73.
85. Check Out Our Latest Report on Ambarella Ambarella Trading Up 1.5 % Ambarella ( NASDAQ:AMBA – Get Free Report ) last issued its quarterly earnings results on Tuesday, August 27th.
The semiconductor company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.
06. Ambarella had a negative net margin of 78.36% and a negative return on equity of 24.
86%. The company had revenue of $63.70 million during the quarter, compared to analyst estimates of $62.
10 million. During the same period last year, the business earned ($0.76) EPS.
Ambarella’s quarterly revenue was up 2.6% compared to the same quarter last year. On average, analysts predict that Ambarella will post -3.
35 EPS for the current year. Insiders Place Their Bets In related news, VP Chi-Hong Ju sold 1,895 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $57.
50, for a total transaction of $108,962.50. Following the completion of the transaction, the vice president now directly owns 180,252 shares in the company, valued at approximately $10,364,490.
The sale was disclosed in a filing with the SEC, which is available at this hyperlink . In related news, VP Chi-Hong Ju sold 1,895 shares of Ambarella stock in a transaction on Monday, June 10th. The shares were sold at an average price of $57.
50, for a total transaction of $108,962.50. Following the transaction, the vice president now owns 180,252 shares in the company, valued at approximately $10,364,490.
The transaction was disclosed in a filing with the SEC, which can be accessed through this link . Also, VP Christopher Day sold 1,408 shares of the company’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $61.
66, for a total transaction of $86,817.28. Following the completion of the transaction, the vice president now directly owns 21,599 shares of the company’s stock, valued at approximately $1,331,794.
34. The disclosure for this sale can be found here . Insiders sold a total of 20,499 shares of company stock worth $1,137,787 over the last quarter.
5.70% of the stock is currently owned by corporate insiders. Institutional Investors Weigh In On Ambarella A number of institutional investors have recently added to or reduced their stakes in AMBA.
Meeder Asset Management Inc. bought a new position in shares of Ambarella during the second quarter worth $26,000. CWM LLC lifted its stake in Ambarella by 127.
7% in the 2nd quarter. CWM LLC now owns 542 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 304 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of Ambarella by 62.
1% during the 2nd quarter. Van ECK Associates Corp now owns 1,441 shares of the semiconductor company’s stock valued at $78,000 after purchasing an additional 552 shares during the last quarter. Larson Financial Group LLC grew its position in shares of Ambarella by 13,576.
9% during the first quarter. Larson Financial Group LLC now owns 1,778 shares of the semiconductor company’s stock valued at $90,000 after purchasing an additional 1,765 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co.
increased its holdings in shares of Ambarella by 22.0% in the second quarter. Northwestern Mutual Wealth Management Co.
now owns 3,275 shares of the semiconductor company’s stock worth $177,000 after purchasing an additional 590 shares during the last quarter. 82.09% of the stock is owned by hedge funds and other institutional investors.
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. See Also 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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