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Stock analysts at Ascendiant Capital Markets raised their target price on shares of Ambarella (NASDAQ:AMBA) to $42.00 in a report issued on Friday. Ascendiant Capital Markets’ target price suggests a potential upside of 17.33% from the company’s current price.

In other Ambarella news, Insider Leslie Kohn unloaded 20,000 shares of Ambarella stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which is available at this link.

Other equities research analysts have also recently issued reports about the stock. Analysts at Topeka Capital Markets raised their price target on shares of Ambarella from $33.00 to $43.00 in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Ambarella from $27.00 to $35.00 in a research note on Friday. They now have a “hold” rating on the stock. Finally, analysts at Imperial Capital initiated coverage on shares of Ambarella in a research note on Wednesday. They set an “outperform” rating and a $39.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $35.33.

Ambarella (NASDAQ:AMBA) opened at 35.77 on Friday. Ambarella has a 1-year low of $16.25 and a 1-year high of $36.72. The stock’s 50-day moving average is $30.5 and its 200-day moving average is $28.69. The company has a market cap of $1.045 billion and a price-to-earnings ratio of 41.92.

Ambarella (NASDAQ:AMBA) last announced its earnings results on Thursday, September 4th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.26 earnings per share. The company’s revenue for the quarter was up 24.7% on a year-over-year basis. On average, analysts predict that Ambarella will post $1.17 earnings per share 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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