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Equities research analysts at Imperial Capital began coverage on shares of Ambarella (NASDAQ:AMBA) in a research note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $39.00 price target on the stock. Imperial Capital’s target price indicates a potential upside of 10.64% from the stock’s previous close.

Separately, analysts at Stifel Nicolaus raised their price target on shares of Ambarella from $35.00 to $39.00 in a research note on Tuesday. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $30.50.

Ambarella (NASDAQ:AMBA) traded up 0.91% on Wednesday, hitting $35.57. 555,857 shares of the company’s stock traded hands. Ambarella has a one year low of $14.71 and a one year high of $36.49. The stock has a 50-day moving average of $30.26 and a 200-day moving average of $28.5. The company has a market cap of $1.039 billion and a P/E ratio of 41.37.

In other Ambarella news, Insider Leslie Kohn sold 20,000 shares of the company’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $32.00, for a total value of $640,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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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