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Analysts at Stifel Nicolaus upped their target price on shares of Ambarella (NASDAQ:AMBA) from $39.00 to $44.00 in a research report issued to clients and investors on Tuesday. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 22.92% from the stock’s previous close.

In other Ambarella news, Insider Leslie Kohn unloaded 20,000 shares of Ambarella stock on the open market in a transaction dated Monday, August 25th. The shares were sold at an average price of $32.00, for a total transaction of $640,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Ambarella (NASDAQ:AMBA) opened at 35.77 on Tuesday. Ambarella has a 52 week low of $16.25 and a 52 week high of $36.72. The stock has a 50-day moving average of $30.5 and a 200-day moving average of $28.69. The company has a market cap of $1.045 billion and a P/E ratio of 41.98.

Ambarella (NASDAQ:AMBA) last released its earnings data on Thursday, September 4th. The company reported $0.37 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.28 by $0.09. The company had revenue of $47.00 million for the quarter, compared to the consensus estimate of $44.70 million. During the same quarter last year, the company posted $0.26 earnings per share. Ambarella’s revenue was up 24.7% compared to the same quarter last year. Analysts expect that Ambarella will post $1.17 EPS for the current fiscal year.

Ambarella, Inc is a developer of semiconductor processing solutions for video that enable high-definition (NASDAQ:AMBA), video capture, sharing and display.

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