Ambarella Inc (NASDAQ:AMBA) Receives $45.88 Consensus Target Price from Analysts

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Ambarella Inc (NASDAQ:AMBA) has been assigned an average recommendation of “Hold” from the thirteen research firms that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $45.88.

A number of analysts have commented on the stock. BidaskClub cut shares of Xencor from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 11th. Bank of America set a $4.00 target price on shares of GameStop and gave the company a “sell” rating in a report on Wednesday, June 5th. TheStreet cut shares of Resolute Forest Products from a “b-” rating to a “c+” rating in a report on Wednesday, June 12th. ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, Northland Securities set a $6.00 target price on shares of Lonestar Resources US and gave the company a “buy” rating in a report on Monday, July 8th.

Ambarella stock traded up $0.54 during trading hours on Friday, hitting $47.44. The stock had a trading volume of 19,041 shares, compared to its average volume of 357,310. The company has a debt-to-equity ratio of 0.01, a current ratio of 9.84 and a quick ratio of 9.42. The company has a market cap of $1.54 billion, a PE ratio of -42.72 and a beta of 1.32. Ambarella has a 12-month low of $30.00 and a 12-month high of $52.12. The stock has a 50-day simple moving average of $42.79.

In other Ambarella news, VP Christopher Day sold 2,490 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $43.98, for a total value of $109,510.20. Following the completion of the transaction, the vice president now directly owns 8,604 shares in the company, valued at $378,403.92. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Christopher B. Paisley sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $41.93, for a total transaction of $41,930.00. Following the completion of the transaction, the director now owns 21,621 shares of the company’s stock, valued at $906,568.53. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,201 shares of company stock valued at $655,716. 6.31% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the business. First National Bank of Omaha raised its stake in Ambarella by 1.2% during the first quarter. First National Bank of Omaha now owns 24,595 shares of the semiconductor company’s stock valued at $1,063,000 after purchasing an additional 288 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Ambarella by 10.7% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,762 shares of the semiconductor company’s stock valued at $292,000 after purchasing an additional 652 shares in the last quarter. First Trust Advisors LP raised its stake 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. Krane Funds Advisors LLC raised its stake in Ambarella by 14.8% during the first quarter. Krane Funds Advisors LLC now owns 9,834 shares of the semiconductor company’s stock valued at $425,000 after purchasing an additional 1,267 shares in the last quarter. Finally, Rothschild Investment Corp IL raised its stake in Ambarella by 3.3% during the first quarter. Rothschild Investment Corp IL now owns 45,600 shares of the semiconductor company’s stock valued at $1,970,000 after purchasing an additional 1,475 shares in the last quarter. Institutional investors and hedge funds own 74.81% of the company’s stock.

About Ambarella

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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