BidaskClub upgraded shares of Ambarella (NASDAQ:AMBA) from a hold rating to a buy rating in a report published on Friday, BidAskClub reports.

AMBA has been the topic of a number of other research reports. ValuEngine downgraded Ambarella from a buy rating to a hold rating in a research note on Wednesday, October 2nd. Craig Hallum upped their price objective on shares of Ambarella from $62.00 to $70.00 and gave the company a buy rating in a research report on Tuesday, November 26th. Cowen set a $68.00 price objective on shares of Ambarella and gave the company a buy rating in a research report on Thursday, October 10th. Morgan Stanley restated a buy rating and issued a $61.00 price objective on shares of Ambarella in a research report on Wednesday, December 11th. Finally, Bank of America upped their price objective on shares of Ambarella from $50.00 to $53.00 and gave the company an underperform rating in a research report on Tuesday, November 26th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $60.22.

AMBA stock opened at $63.76 on Friday. The business’s fifty day moving average is $57.83 and its 200-day moving average is $54.03. The company has a debt-to-equity ratio of 0.02, a current ratio of 8.81 and a quick ratio of 8.42. Ambarella has a twelve month low of $34.84 and a twelve month high of $67.15.

Ambarella (NASDAQ:AMBA) last posted its quarterly earnings results on Monday, November 25th. The semiconductor company reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.22) by $0.54. The company had revenue of $67.90 million for the quarter, compared to the consensus estimate of $65.00 million. Ambarella had a negative return on equity of 9.51% and a negative net margin of 16.33%. The firm’s quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.21 EPS. On average, equities research analysts forecast that Ambarella will post -1.02 EPS for the current year.

In other Ambarella news, VP Christopher Day sold 1,033 shares of the stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $57.93, for a total transaction of $59,841.69. Following the completion of the transaction, the vice president now owns 5,031 shares in the company, valued at approximately $291,445.83. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Kevin C. Eichler sold 3,631 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $56.31, for a total value of $204,461.61. Following the transaction, the chief financial officer now owns 24,025 shares of the company’s stock, valued at approximately $1,352,847.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,808 shares of company stock valued at $724,919. 6.31% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in AMBA. First Trust Advisors LP increased its holdings in Ambarella by 5.9% during the 1st quarter. First Trust Advisors LP now owns 16,783 shares of the semiconductor company’s stock worth $725,000 after purchasing an additional 935 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Ambarella by 13.6% during the 2nd quarter. Wells Fargo & Company MN now owns 88,973 shares of the semiconductor company’s stock worth $3,927,000 after purchasing an additional 10,630 shares in the last quarter. Bank of Montreal Can increased its holdings in Ambarella by 1,338.5% during the 2nd quarter. Bank of Montreal Can now owns 2,877 shares of the semiconductor company’s stock worth $127,000 after purchasing an additional 2,677 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Ambarella by 5.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 65,745 shares of the semiconductor company’s stock worth $2,902,000 after purchasing an additional 3,164 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Ambarella by 9.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 143,253 shares of the semiconductor company’s stock worth $6,323,000 after purchasing an additional 12,414 shares in the last quarter. Hedge funds and other institutional investors own 75.52% of the company’s stock.

Ambarella Company Profile

Ambarella, Inc develops semiconductor processing solutions for video that enable high-definition (HD), video capture, analysis, sharing, and display worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, computer vision functionality, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.

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Analyst Recommendations for Ambarella (NASDAQ:AMBA)

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