Ambarella Inc (NASDAQ:AMBA) has received a consensus rating of “Hold” from the sixteen analysts that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $46.61.

AMBA has been the subject of a number of recent research reports. ValuEngine upgraded Ambarella from a “hold” rating to a “buy” rating in a research note on Friday, September 7th. Stifel Nicolaus cut their price target on Ambarella from $56.00 to $45.00 and set a “buy” rating for the company in a research note on Friday, August 31st. Dougherty & Co lowered their price objective on Ambarella from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday, August 31st. TheStreet cut Ambarella from a “c-” rating to a “d” rating in a research report on Friday, November 30th. Finally, Deutsche Bank lowered their price objective on Ambarella from $44.00 to $38.00 and set a “hold” rating on the stock in a research report on Friday, August 31st.

In related news, VP Christopher Day sold 1,533 shares of the business’s stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $35.51, for a total value of $54,436.83. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Feng-Ming Wang sold 10,727 shares of the business’s stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $35.56, for a total value of $381,452.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 43,081 shares of company stock worth $1,610,488. Insiders own 5.84% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of AMBA. Raymond James Financial Services Advisors Inc. purchased a new position in Ambarella in the 2nd quarter worth approximately $1,412,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Ambarella in the 2nd quarter worth approximately $459,000. Zweig DiMenna Associates LLC purchased a new position in Ambarella in the 2nd quarter worth approximately $2,383,000. Alps Advisors Inc. purchased a new position in Ambarella in the 2nd quarter worth approximately $264,000. Finally, Wasatch Advisors Inc. purchased a new position in Ambarella in the 2nd quarter worth approximately $981,000. 80.17% of the stock is currently owned by institutional investors.

Shares of Ambarella stock traded down $1.31 during trading hours on Friday, reaching $38.09. 726,974 shares of the stock traded hands, compared to its average volume of 1,011,824. The company has a market cap of $1.29 billion, a P/E ratio of 69.25 and a beta of 1.09. Ambarella has a one year low of $30.00 and a one year high of $66.23.

Ambarella (NASDAQ:AMBA) last released its quarterly earnings results on Thursday, November 29th. The semiconductor company reported ($0.28) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.27) by ($0.01). The firm had revenue of $57.30 million for the quarter, compared to the consensus estimate of $57.12 million. Ambarella had a negative net margin of 9.97% and a negative return on equity of 5.21%. The company’s revenue for the quarter was down 35.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.75 earnings per share. On average, equities research analysts forecast that Ambarella will post -1.02 EPS for the current fiscal year.

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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