A number of firms have modified their ratings and price targets on shares of Ambarella (NASDAQ: AMBA) recently:

  • 9/7/2017 – Ambarella was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Video compression and image processing semiconductors developer, Ambarella reported better-than-expected Q2 results. We remain encouraged by the company’s efforts toward expanding its reach in other markets, such as IP security, automotive, non-GoPro wearable and drones/flying cameras and simultaneously lower dependency on GoPro. However, the company’s disappointing guidance for the forthcoming quarter as well as downbeat revenue outlook for fiscal 2018 makes us increasingly cautious about its near-term prospect. The soft guidance provided by the company may be due to the number of challenges it has been facing. The company faces three main challenges, the risk of losing its largest customer, GoPro; weakness in the drone market and increasing threat from QUALCOMM, which is acquiring NXP Semiconductors to build its presence in the same space. Notably, the stock has underperformed the industry in the last one year.”
  • 9/5/2017 – Ambarella had its price target lowered by analysts at Canaccord Genuity from $72.00 to $58.00. They now have a “buy” rating on the stock.
  • 9/1/2017 – Ambarella was downgraded by analysts at Craig Hallum from a “buy” rating to a “hold” rating. They now have a $50.00 price target on the stock.
  • 9/1/2017 – Ambarella had its “hold” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $49.00 price target on the stock, down previously from $54.00.
  • 9/1/2017 – Ambarella had its price target lowered by analysts at Stifel Nicolaus from $64.00 to $52.00. They now have a “buy” rating on the stock.
  • 9/1/2017 – Ambarella was downgraded by analysts at Roth Capital from a “buy” rating to a “neutral” rating. They now have a $50.00 price target on the stock, down previously from $65.00.
  • 9/1/2017 – Ambarella had its price target lowered by analysts at Dougherty & Co from $75.00 to $60.00. They now have a “buy” rating on the stock.
  • 9/1/2017 – Ambarella had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
  • 9/1/2017 – Ambarella had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings, Inc..
  • 8/31/2017 – Ambarella had its “buy” rating reaffirmed by analysts at Roth Capital. They now have a $65.00 price target on the stock.
  • 8/31/2017 – Ambarella had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $65.00 price target on the stock.
  • 8/25/2017 – Ambarella had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $52.00 price target on the stock, down previously from $64.00.
  • 8/2/2017 – Ambarella was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Ambarella develops video compression and image processing semiconductors. Off late, estimates have been stable ahead of second-quarter fiscal 2018 earnings results. We remain encouraged by the company’s efforts toward expanding its reach in other markets, such as IP security, automotive, non-GoPro wearable and drones/flying cameras and simultaneously lower dependency on GoPro. However, the company’s disappointing guidance for the forthcoming quarter makes us increasingly cautious about its near-term prospect. The soft guidance provided by the company may be due to the number of challenges it has been facing. The company faces three main challenges, the risk of losing its largest customer, GoPro; weakness in the drone market and increasing threat from QUALCOMM, which is acquiring NXP Semiconductors to build its presence in the same space. Notably, the stock has underperformed the broader market in the last one year.”
  • 7/11/2017 – Ambarella had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $72.00 price target on the stock.
  • 7/11/2017 – Ambarella was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Ambarella develops video compression and image processing semiconductors. The company had reported better-than-expected first-quarter fiscal 2018 results. However, the company’s disappointing guidance for the forthcoming quarter makes us increasingly cautious about its near-term prospect. The soft guidance provided by the company may be due to the number of challenges it has been facing. The company faces three main challenges, the risk of losing its largest customer, GoPro; weakness in the drone market and increasing threat from QUALCOMM, which is acquiring NXP Semiconductors to build its presence in the same space. Also, macroeconomic challenges and tepid IT spending remain other near-term concerns. Notably, the stock has underperformed the broader market in the last one year.”

Shares of Ambarella, Inc. (NASDAQ:AMBA) traded up 3.27% on Thursday, hitting $42.94. The company had a trading volume of 2,881,658 shares. The company has a market capitalization of $1.44 billion, a P/E ratio of 25.38 and a beta of 1.60. The firm has a 50-day moving average price of $50.61 and a 200 day moving average price of $53.87. Ambarella, Inc. has a 12-month low of $40.06 and a 12-month high of $74.95.

Ambarella (NASDAQ:AMBA) last released its quarterly earnings results on Thursday, August 31st. The semiconductor company reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.04. The business had revenue of $71.63 million during the quarter, compared to analysts’ expectations of $70.79 million. Ambarella had a return on equity of 11.97% and a net margin of 16.45%. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period last year, the firm posted $0.54 EPS. Equities analysts expect that Ambarella, Inc. will post $1.89 EPS for the current year.

In other Ambarella news, CEO Feng-Ming Wang sold 11,628 shares of Ambarella stock in a transaction on Friday, June 16th. The stock was sold at an average price of $48.77, for a total value of $567,097.56. Following the completion of the transaction, the chief executive officer now directly owns 290,691 shares of the company’s stock, valued at approximately $14,177,000.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Leslie Kohn sold 5,973 shares of Ambarella stock in a transaction on Friday, June 16th. The shares were sold at an average price of $48.77, for a total value of $291,303.21. Following the completion of the transaction, the insider now directly owns 904,530 shares of the company’s stock, valued at $44,113,928.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,963 shares of company stock valued at $1,168,676. 5.80% of the stock is currently owned by insiders.

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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