Ambarella Inc. (NASDAQ:AMBA) traded up 4.4% on Monday . The company traded as high as $58.17 and last traded at $57.44, with a volume of 969,541 shares. The stock had previously closed at $55.02.

A number of equities research analysts have weighed in on the stock. Morgan Stanley upgraded shares of Ambarella to a “buy” rating in a report on Saturday, April 9th. Deutsche Bank AG restated a “hold” rating and issued a $47.00 price objective (up previously from $45.00) on shares of Ambarella in a report on Tuesday, May 31st. Canaccord Genuity restated a “buy” rating and issued a $65.00 price objective on shares of Ambarella in a report on Tuesday, May 31st. Zacks Investment Research upgraded shares of Ambarella from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a report on Tuesday, July 12th. Finally, Pacific Crest restated an “overweight” rating and issued a $53.00 price objective on shares of Ambarella in a report on Monday, June 6th. Seven investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $70.43.

The firm has a 50-day moving average of $51.06 and a 200-day moving average of $43.78. The firm has a market cap of $1.89 billion and a price-to-earnings ratio of 32.69.

Ambarella (NASDAQ:AMBA) last issued its quarterly earnings data on Thursday, June 2nd. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.06. The firm earned $57.20 million during the quarter, compared to analysts’ expectations of $56.26 million. The firm’s quarterly revenue was down 19.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.71 EPS. Analysts predict that Ambarella Inc. will post $2.37 EPS for the current fiscal year.

In other news, insider Leslie Kohn sold 4,675 shares of Ambarella stock in a transaction that occurred on Thursday, June 16th. The shares were sold at an average price of $51.97, for a total value of $242,959.75. Following the transaction, the insider now owns 894,162 shares of the company’s stock, valued at approximately $46,469,599.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Feng-Ming Wang sold 9,573 shares of Ambarella stock in a transaction that occurred on Thursday, June 16th. The stock was sold at an average price of $51.97, for a total transaction of $497,508.81. Following the completion of the transaction, the chief executive officer now directly owns 278,346 shares in the company, valued at approximately $14,465,641.62. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. increased its position in shares of Ambarella by 4.7% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 31,706 shares of the company’s stock worth $1,767,000 after buying an additional 1,410 shares during the last quarter. Rhumbline Advisers increased its position in shares of Ambarella by 6.8% in the fourth quarter. Rhumbline Advisers now owns 31,329 shares of the company’s stock worth $1,746,000 after buying an additional 2,000 shares during the last quarter. New York State Common Retirement Fund increased its position in shares of Ambarella by 9.1% in the fourth quarter. New York State Common Retirement Fund now owns 45,886 shares of the company’s stock worth $2,558,000 after buying an additional 3,820 shares during the last quarter. Redwood Investments LLC increased its position in shares of Ambarella by 26.4% in the fourth quarter. Redwood Investments LLC now owns 34,514 shares of the company’s stock worth $1,924,000 after buying an additional 7,204 shares during the last quarter. Finally, Pinnacle Associates Ltd. increased its position in shares of Ambarella by 514.6% in the fourth quarter. Pinnacle Associates Ltd. now owns 22,525 shares of the company’s stock worth $1,256,000 after buying an additional 18,860 shares during the last quarter.

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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