Ambarella Inc. (NASDAQ:AMBA) saw unusually-high trading volume on Monday . Approximately 4,698,900 shares traded hands during mid-day trading, an increase of 245% from the previous session’s volume of 1,362,276 shares.The stock last traded at $66.99 and had previously closed at $71.78.

AMBA has been the subject of a number of recent research reports. Vetr lowered shares of Ambarella from a “buy” rating to a “sell” rating and set a $62.36 target price for the company. in a report on Wednesday, August 24th. Pacific Crest reissued an “overweight” rating and issued a $53.00 target price on shares of Ambarella in a report on Monday, June 6th. Needham & Company LLC reissued a “hold” rating on shares of Ambarella in a report on Friday. Morgan Stanley reissued a “buy” rating and issued a $78.00 target price on shares of Ambarella in a report on Friday. Finally, Zacks Investment Research raised shares of Ambarella from a “hold” rating to a “strong-buy” rating and set a $65.00 target price for the company in a report on Tuesday, August 2nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $67.06.

The stock has a market capitalization of $2.18 billion and a PE ratio of 50.44. The firm’s 50 day moving average is $62.34 and its 200-day moving average is $48.86.

Ambarella (NASDAQ:AMBA) last issued its quarterly earnings results on Thursday, September 1st. The company reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.16. The firm had revenue of $65.10 million for the quarter, compared to analysts’ expectations of $64.02 million. During the same quarter in the previous year, the firm posted $0.88 earnings per share. The firm’s revenue for the quarter was down 22.7% compared to the same quarter last year. Analysts anticipate that Ambarella Inc. will post $2.63 EPS for the current fiscal year.

In other news, Director Christopher B. Paisley sold 1,000 shares of the stock in a transaction on Wednesday, June 15th. The stock was sold at an average price of $51.96, for a total transaction of $51,960.00. Following the completion of the transaction, the director now directly owns 8,861 shares in the company, valued at approximately $460,417.56. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Feng-Ming Wang sold 9,573 shares of the stock in a transaction on Thursday, June 16th. The stock was sold at an average price of $51.97, for a total value of $497,508.81. Following the transaction, the chief executive officer now owns 278,346 shares of the company’s stock, valued at $14,465,641.62. The disclosure for this sale can be found here.

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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