Shares of Ambarella Inc (NASDAQ:AMBA) have been given an average recommendation of “Buy” by the fourteen ratings firms that are currently covering the company. Five research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $68.05.

Several equities analysts have issued reports on AMBA shares. Zacks Investment Research raised shares of Ambarella from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 2nd. Vetr downgraded shares of Ambarella from a “strong-buy” rating to a “buy” rating and set a $64.14 price objective on the stock. in a report on Monday, March 20th. Canaccord Genuity reaffirmed a “buy” rating and set a $72.00 price objective on shares of Ambarella in a report on Thursday, March 16th. Pacific Crest reaffirmed an “overweight” rating and set a $64.00 price objective on shares of Ambarella in a report on Saturday, March 11th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $65.00 price objective on shares of Ambarella in a report on Saturday, March 11th.

Shares of Ambarella (NASDAQ:AMBA) opened at 65.05 on Monday. The company has a market capitalization of $2.18 billion, a P/E ratio of 38.72 and a beta of 1.51. The stock’s 50 day moving average is $57.56 and its 200 day moving average is $55.92. Ambarella has a 12 month low of $40.46 and a 12 month high of $74.95.

Ambarella (NASDAQ:AMBA) last posted its quarterly earnings data on Tuesday, February 28th. The semiconductor company reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.04. The business had revenue of $87.50 million for the quarter, compared to the consensus estimate of $85.92 million. Ambarella had a net margin of 15.32% and a return on equity of 13.28%. The company’s revenue was up 28.7% compared to the same quarter last year. During the same period last year, the firm posted $0.64 earnings per share. On average, equities analysts predict that Ambarella will post $2.19 EPS for the current fiscal year.

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In related news, Director Christopher B. Paisley sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $60.54, for a total transaction of $60,540.00. Following the completion of the sale, the director now directly owns 11,893 shares in the company, valued at $720,002.22. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Feng-Ming Wang sold 7,971 shares of the firm’s stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $56.19, for a total transaction of $447,890.49. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,232 shares of company stock valued at $1,138,992. 5.43% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. First Interstate Bank boosted its stake in Ambarella by 2.4% in the fourth quarter. First Interstate Bank now owns 2,169 shares of the semiconductor company’s stock valued at $117,000 after buying an additional 50 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in Ambarella by 2.5% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,605 shares of the semiconductor company’s stock valued at $197,000 after buying an additional 88 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Ambarella by 1.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,121 shares of the semiconductor company’s stock valued at $444,000 after buying an additional 92 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in Ambarella by 4.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 4,174 shares of the semiconductor company’s stock valued at $228,000 after buying an additional 181 shares during the last quarter. Finally, Greylin Investment Mangement Inc. boosted its stake in Ambarella by 2.6% in the first quarter. Greylin Investment Mangement Inc. now owns 21,730 shares of the semiconductor company’s stock valued at $1,189,000 after buying an additional 550 shares during the last quarter. Hedge funds and other institutional investors own 58.50% of the company’s stock.

Ambarella Company Profile

Ambarella, Inc offers semiconductor processing solutions for video that enable high-definition (HD), video capture, sharing and display. The Company operates through the development and sale of low-power, high-definition video products segment. Its system-on-a-chip designs incorporate HD video processing, image processing, audio processing and system functions onto a single chip.

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