Ambarella (NASDAQ:AMBA)‘s stock had its “hold” rating reissued by research analysts at Oppenheimer in a research note issued on Friday.

A number of other research firms also recently issued reports on AMBA. ValuEngine raised Ambarella from a “sell” rating to a “hold” rating in a research note on Friday, September 8th. Dougherty & Co reduced their price objective on Ambarella from $75.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, September 1st. Morgan Stanley reaffirmed an “overweight” rating and issued a $60.00 price objective on shares of Ambarella in a research note on Wednesday, September 27th. Deutsche Bank reaffirmed a “hold” rating and issued a $49.00 price objective (down previously from $54.00) on shares of Ambarella in a research note on Friday, September 1st. Finally, Roth Capital reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Ambarella in a research note on Thursday, August 31st. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Ambarella has a consensus rating of “Hold” and a consensus price target of $58.75.

Ambarella (AMBA) traded down $0.19 during midday trading on Friday, reaching $54.27. The company had a trading volume of 1,678,100 shares, compared to its average volume of 1,005,034. Ambarella has a one year low of $40.06 and a one year high of $65.39. The stock has a market cap of $2,120.00, a PE ratio of 35.88, a PEG ratio of 5.89 and a beta of 1.59.

Ambarella (NASDAQ:AMBA) last posted its quarterly earnings results on Thursday, November 30th. The semiconductor company reported $0.75 EPS for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.08. Ambarella had a return on equity of 11.94% and a net margin of 16.45%. The company had revenue of $89.06 million for the quarter, compared to analysts’ expectations of $89.41 million. During the same period in the previous year, the firm earned $1.11 EPS. The firm’s revenue was down 11.4% compared to the same quarter last year. equities analysts predict that Ambarella will post 0.64 EPS for the current year.

In related news, VP Christopher Day sold 2,618 shares of the business’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $49.15, for a total transaction of $128,674.70. Following the completion of the transaction, the vice president now owns 20,377 shares in the company, valued at approximately $1,001,529.55. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO George Laplante sold 5,592 shares of the business’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $46.50, for a total value of $260,028.00. Following the transaction, the chief financial officer now owns 103,586 shares of the company’s stock, valued at approximately $4,816,749. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,835 shares of company stock worth $1,301,265. Corporate insiders own 5.80% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of AMBA. Pinnacle Associates Ltd. boosted its holdings in Ambarella by 54.9% during the 3rd quarter. Pinnacle Associates Ltd. now owns 1,014,489 shares of the semiconductor company’s stock valued at $49,720,000 after acquiring an additional 359,417 shares during the period. Artisan Partners Limited Partnership purchased a new position in Ambarella during the 3rd quarter valued at $17,534,000. AXA boosted its holdings in Ambarella by 100.6% during the 2nd quarter. AXA now owns 708,106 shares of the semiconductor company’s stock valued at $34,379,000 after acquiring an additional 355,170 shares during the period. Rothschild Asset Management Inc. purchased a new position in Ambarella during the 2nd quarter valued at $16,083,000. Finally, Eagle Asset Management Inc. boosted its holdings in Ambarella by 36.2% during the 2nd quarter. Eagle Asset Management Inc. now owns 1,152,405 shares of the semiconductor company’s stock valued at $55,949,000 after acquiring an additional 306,248 shares during the period. Institutional investors own 63.21% of the company’s stock.

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About Ambarella

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.

Analyst Recommendations for Ambarella (NASDAQ:AMBA)

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