Ambarella (NASDAQ:AMBA) had its target price lifted by stock analysts at Morgan Stanley from $60.00 to $65.00 in a note issued to investors on Wednesday. The firm currently has an “overweight” rating on the semiconductor company’s stock. Morgan Stanley’s target price would suggest a potential upside of 12.93% from the company’s current price.

Several other equities research analysts have also commented on the company. Craig Hallum lowered Ambarella from a “buy” rating to a “hold” rating and set a $50.00 price objective on the stock. in a research report on Friday, September 1st. Oppenheimer reaffirmed a “hold” rating on shares of Ambarella in a research note on Friday, September 1st. Canaccord Genuity reaffirmed a “buy” rating and set a $65.00 target price (up from $58.00) on shares of Ambarella in a research note on Friday, October 13th. Zacks Investment Research raised Ambarella from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $52.00 target price (down from $64.00) on shares of Ambarella in a research note on Friday, August 25th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $59.15.

Ambarella (NASDAQ:AMBA) traded down $0.86 during trading on Wednesday, reaching $57.56. The company’s stock had a trading volume of 343,000 shares, compared to its average volume of 1,034,931. Ambarella has a 1-year low of $40.06 and a 1-year high of $65.39. The stock has a market cap of $1,945.77, a price-to-earnings ratio of 55.64, a PEG ratio of 5.66 and a beta of 1.57.

Ambarella (NASDAQ:AMBA) last released its quarterly earnings data on Thursday, November 30th. The semiconductor company reported $0.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.08. Ambarella had a return on equity of 7.87% and a net margin of 11.51%. The business had revenue of $89.06 million for the quarter, compared to analyst estimates of $89.41 million. During the same quarter in the prior year, the firm posted $1.11 EPS. The business’s quarterly revenue was down 11.4% compared to the same quarter last year. equities analysts expect that Ambarella will post 0.7 earnings per share for the current year.

In related news, VP Christopher Day sold 1,529 shares of the stock in a transaction on Monday, September 18th. The stock was sold at an average price of $46.50, for a total value of $71,098.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Leslie Kohn sold 6,467 shares of the stock in a transaction on Monday, September 18th. The shares were sold at an average price of $46.50, for a total value of $300,715.50. Following the completion of the transaction, the insider now directly owns 907,645 shares of the company’s stock, valued at $42,205,492.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 41,175 shares of company stock valued at $2,097,857. Corporate insiders own 5.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Ambarella by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 2,145,609 shares of the semiconductor company’s stock valued at $104,169,000 after buying an additional 60,770 shares in the last quarter. Van Berkom & Associates Inc. grew its holdings in Ambarella by 6.5% in the 3rd quarter. Van Berkom & Associates Inc. now owns 1,316,350 shares of the semiconductor company’s stock valued at $64,514,000 after buying an additional 80,867 shares in the last quarter. Eagle Asset Management Inc. grew its holdings in Ambarella by 36.2% in the 2nd quarter. Eagle Asset Management Inc. now owns 1,152,405 shares of the semiconductor company’s stock valued at $55,949,000 after buying an additional 306,248 shares in the last quarter. Pinnacle Associates Ltd. grew its holdings in Ambarella by 54.9% in the 3rd quarter. Pinnacle Associates Ltd. now owns 1,014,489 shares of the semiconductor company’s stock valued at $49,720,000 after buying an additional 359,417 shares in the last quarter. Finally, AXA grew its holdings in Ambarella by 17.8% in the 3rd quarter. AXA now owns 834,078 shares of the semiconductor company’s stock valued at $40,878,000 after buying an additional 125,972 shares in the last quarter. 63.21% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Ambarella (NASDAQ:AMBA)

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