Research Analysts’ Recent Ratings Changes for Ambarella (AMBA)

A number of research firms have changed their ratings and price targets for Ambarella (NASDAQ: AMBA):

  • 11/26/2019 – Ambarella had its price target raised by analysts at Bank of America Corp from $50.00 to $53.00. They now have an “underperform” rating on the stock.
  • 11/26/2019 – Ambarella had its price target raised by analysts at Morgan Stanley from $60.00 to $61.00. They now have an “overweight” rating on the stock.
  • 11/26/2019 – Ambarella had its price target raised by analysts at Stifel Nicolaus from $54.00 to $55.00. They now have a “hold” rating on the stock.
  • 11/26/2019 – Ambarella had its price target raised by analysts at Craig Hallum from $62.00 to $70.00. They now have a “buy” rating on the stock.
  • 11/13/2019 – Ambarella was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 10/29/2019 – Ambarella was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 10/15/2019 – Ambarella had its “hold” rating reaffirmed by analysts at KeyCorp.
  • 10/15/2019 – Ambarella had its “hold” rating reaffirmed by analysts at Roth Capital.
  • 10/10/2019 – Ambarella was given a new $68.00 price target on by analysts at Cowen Inc. They now have a “buy” rating on the stock.
  • 10/9/2019 – Ambarella was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 10/8/2019 – Ambarella was given a new $60.00 price target on by analysts at Morgan Stanley. They now have a “buy” rating on the stock.

Shares of NASDAQ AMBA traded up $1.08 during midday trading on Wednesday, reaching $52.58. The company’s stock had a trading volume of 429,763 shares, compared to its average volume of 620,950. The company has a debt-to-equity ratio of 0.01, a quick ratio of 8.64 and a current ratio of 9.01. Ambarella Inc has a fifty-two week low of $32.31 and a fifty-two week high of $67.15. The business’s 50 day moving average price is $54.81 and its two-hundred day moving average price is $50.47. The company has a market cap of $1.70 billion, a P/E ratio of -47.37 and a beta of 1.23.

Ambarella (NASDAQ:AMBA) last released its quarterly earnings results on Monday, November 25th. The semiconductor company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.54. Ambarella had a negative net margin of 16.33% and a negative return on equity of 9.63%. The company had revenue of $67.90 million during the quarter, compared to the consensus estimate of $65.00 million. During the same period in the previous year, the business earned $0.21 earnings per share. The firm’s quarterly revenue was up 18.5% on a year-over-year basis. Sell-side analysts forecast that Ambarella Inc will post -1.08 earnings per share for the current fiscal year.

In other Ambarella news, CFO Kevin C. Eichler sold 10,970 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $64.14, for a total transaction of $703,615.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Yun-Lung Chen sold 5,734 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $64.80, for a total transaction of $371,563.20. Following the transaction, the vice president now owns 23,397 shares of the company’s stock, valued at $1,516,125.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 47,785 shares of company stock valued at $3,054,378. 6.31% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in AMBA. First Trust Advisors LP raised its position in Ambarella by 5.9% during the first quarter. First Trust Advisors LP now owns 16,783 shares of the semiconductor company’s stock valued at $725,000 after purchasing an additional 935 shares in the last quarter. SG Americas Securities LLC raised its position in Ambarella by 31.2% during the second quarter. SG Americas Securities LLC now owns 13,468 shares of the semiconductor company’s stock valued at $594,000 after purchasing an additional 3,202 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in Ambarella during the second quarter valued at approximately $408,000. KBC Group NV raised its position in Ambarella by 55.7% during the second quarter. KBC Group NV now owns 235,513 shares of the semiconductor company’s stock valued at $10,393,000 after purchasing an additional 84,264 shares in the last quarter. Finally, Aperio Group LLC acquired a new position in Ambarella during the second quarter valued at approximately $89,000. Institutional investors and hedge funds own 77.03% of the company’s stock.

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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