UBS Group upgraded shares of Ambarella (NASDAQ:AMBA) from a market perform rating to an outperform rating in a research report report published on Wednesday morning, The Fly reports.

A number of other research firms have also recently commented on AMBA. ValuEngine raised shares of Ambarella from a sell rating to a hold rating in a research note on Friday, September 8th. Morgan Stanley reissued an overweight rating and set a $60.00 target price on shares of Ambarella in a research note on Wednesday, September 27th. Zacks Investment Research cut shares of Ambarella from a hold rating to a sell rating in a research note on Thursday, September 7th. Oppenheimer reissued a hold rating on shares of Ambarella in a research note on Friday, December 1st. Finally, KeyCorp reissued a hold rating on shares of Ambarella in a research note on Friday, November 3rd. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $60.14.

Shares of Ambarella (NASDAQ:AMBA) opened at $63.62 on Wednesday. The company has a market cap of $2,130.00, a PE ratio of 61.17, a PEG ratio of 6.13 and a beta of 1.59. Ambarella has a one year low of $40.06 and a one year high of $66.23.

Ambarella (NASDAQ:AMBA) last released its earnings results on Thursday, November 30th. The semiconductor company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.08. The business had revenue of $89.06 million during the quarter, compared to analysts’ expectations of $89.41 million. Ambarella had a net margin of 11.51% and a return on equity of 7.87%. The company’s quarterly revenue was down 11.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.11 earnings per share. analysts anticipate that Ambarella will post 0.7 earnings per share for the current fiscal year.

In other Ambarella news, VP Christopher Day sold 1,111 shares of the business’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $57.69, for a total value of $64,093.59. Following the transaction, the vice president now directly owns 22,216 shares in the company, valued at approximately $1,281,641.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Yun-Lung Chen sold 4,435 shares of the business’s stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $59.80, for a total transaction of $265,213.00. The disclosure for this sale can be found here. Insiders have sold 36,553 shares of company stock worth $2,145,108 over the last 90 days. 5.80% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of the business. Amalgamated Bank boosted its holdings in Ambarella by 3.6% in the 2nd quarter. Amalgamated Bank now owns 4,126 shares of the semiconductor company’s stock valued at $200,000 after purchasing an additional 143 shares during the last quarter. Legal & General Group Plc boosted its holdings in Ambarella by 2.6% in the 2nd quarter. Legal & General Group Plc now owns 11,127 shares of the semiconductor company’s stock valued at $543,000 after purchasing an additional 285 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Ambarella by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 2,240 shares of the semiconductor company’s stock valued at $109,000 after purchasing an additional 337 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Ambarella by 1.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,951 shares of the semiconductor company’s stock valued at $1,212,000 after purchasing an additional 376 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in Ambarella by 17.6% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 4,908 shares of the semiconductor company’s stock valued at $238,000 after purchasing an additional 734 shares during the last quarter. Institutional investors own 63.01% of the company’s stock.

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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.

The Fly

Analyst Recommendations for Ambarella (NASDAQ:AMBA)

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