Ambarella’s (AMBA) Hold Rating Reaffirmed at Deutsche Bank AG
A number of other analysts have also recently issued reports on AMBA. Canaccord Genuity reissued a buy rating and issued a $65.00 target price on shares of Ambarella in a research report on Tuesday, May 31st. Needham & Company LLC reissued a neutral rating on shares of Ambarella in a research report on Friday, June 3rd. Zacks Investment Research cut Ambarella from a hold rating to a sell rating in a research report on Friday, June 3rd. Morgan Stanley reissued a buy rating and issued a $55.00 target price on shares of Ambarella in a research report on Saturday, June 4th. Finally, Pacific Crest reissued an overweight rating and issued a $53.00 target price on shares of Ambarella in a research report on Monday, June 6th. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $68.26.
Shares of Ambarella (NASDAQ:AMBA) opened at 67.46 on Friday. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of 50.80 and a beta of 1.49. Ambarella has a one year low of $33.39 and a one year high of $72.99. The firm has a 50-day moving average price of $65.85 and a 200 day moving average price of $50.93.
Ambarella (NASDAQ:AMBA) last announced its earnings results on Thursday, September 1st. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.16. The firm earned $65.10 million during the quarter, compared to analysts’ expectations of $64.02 million. Ambarella had a return on equity of 14.23% and a net margin of 15.86%. The business’s revenue was down 22.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.88 EPS. Equities analysts forecast that Ambarella will post $2.64 earnings per share for the current fiscal year.
In other news, Director Christopher B. Paisley sold 1,000 shares of the firm’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $69.13, for a total transaction of $69,130.00. Following the sale, the director now owns 10,014 shares in the company, valued at $692,267.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO George Laplante sold 30,000 shares of the firm’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $67.08, for a total value of $2,012,400.00. Following the sale, the chief financial officer now owns 118,720 shares in the company, valued at approximately $7,963,737.60. The disclosure for this sale can be found here. Insiders own 5.43% of the company’s stock.
Large investors have recently bought and sold shares of the company. Squarepoint Ops LLC boosted its stake in Ambarella by 941.3% in the first quarter. Squarepoint Ops LLC now owns 48,735 shares of the company’s stock valued at $2,178,000 after buying an additional 44,055 shares during the period. Royal Bank of Canada boosted its stake in Ambarella by 48.2% in the first quarter. Royal Bank of Canada now owns 7,326 shares of the company’s stock valued at $328,000 after buying an additional 2,384 shares during the period. Seven Eight Capital LLC boosted its stake in Ambarella by 528,800.0% in the first quarter. Seven Eight Capital LLC now owns 5,289 shares of the company’s stock valued at $236,000 after buying an additional 5,288 shares during the period. Stanley Capital Management LLC acquired a new stake in Ambarella during the first quarter valued at about $2,569,000. Finally, Geode Capital Management LLC boosted its stake in Ambarella by 10.5% in the first quarter. Geode Capital Management LLC now owns 46,225 shares of the company’s stock valued at $2,066,000 after buying an additional 4,408 shares during the period. Institutional investors and hedge funds own 51.33% of the company’s stock.
Ambarella Company Profile
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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