Ambarella (AMBA) Rating Reiterated by Oppenheimer
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.
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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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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