Ambarella, Inc. (NASDAQ:AMBA)‘s stock had its “buy” rating reiterated by Stifel Nicolaus in a research report issued on Friday, August 25th. They currently have a $52.00 target price on the semiconductor company’s stock, down from their prior target price of $64.00. Stifel Nicolaus’ price target points to a potential downside of 4.41% from the stock’s current price.

Several other equities research analysts have also issued reports on the stock. Zacks Investment Research raised shares of Ambarella from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Canaccord Genuity restated a “buy” rating and set a $72.00 price target on shares of Ambarella in a research report on Tuesday, July 11th. BidaskClub downgraded shares of Ambarella from a “buy” rating to a “hold” rating in a research report on Friday, June 16th. Needham & Company LLC restated a “hold” rating on shares of Ambarella in a research report on Friday, June 9th. Finally, Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of Ambarella in a research report on Friday, June 9th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $67.88.

Shares of Ambarella (AMBA) opened at 54.40 on Friday. The firm’s 50-day moving average price is $51.46 and its 200-day moving average price is $54.18. The company has a market capitalization of $1.83 billion, a PE ratio of 32.15 and a beta of 1.61. Ambarella has a 12-month low of $46.80 and a 12-month high of $74.95.

Ambarella (NASDAQ:AMBA) last posted its earnings results on Thursday, August 31st. The semiconductor company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.04. Ambarella had a net margin of 18.47% and a return on equity of 13.70%. The business had revenue of $71.63 million for the quarter, compared to analyst estimates of $70.79 million. During the same period in the prior year, the company posted $0.54 EPS. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. On average, analysts expect that Ambarella will post $2.07 EPS for the current fiscal year.

Ambarella announced that its Board of Directors has initiated a share buyback program on Tuesday, June 6th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the semiconductor company to reacquire up to 2.5% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

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In related news, insider Leslie Kohn sold 5,973 shares of the stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $48.77, for a total transaction of $291,303.21. Following the completion of the transaction, the insider now owns 904,530 shares of the company’s stock, valued at approximately $44,113,928.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Christopher Day sold 1,526 shares of the stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $48.77, for a total transaction of $74,423.02. Following the transaction, the vice president now directly owns 22,892 shares of the company’s stock, valued at approximately $1,116,442.84. The disclosure for this sale can be found here. Insiders have sold a total of 23,963 shares of company stock valued at $1,168,676 in the last 90 days. Insiders own 5.80% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Alps Advisors Inc. boosted its position in shares of Ambarella by 0.3% in the second quarter. Alps Advisors Inc. now owns 8,559 shares of the semiconductor company’s stock valued at $416,000 after buying an additional 22 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in shares of Ambarella by 2.5% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,605 shares of the semiconductor company’s stock valued at $197,000 after buying an additional 88 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of Ambarella by 1.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,121 shares of the semiconductor company’s stock valued at $444,000 after buying an additional 92 shares in the last quarter. Amalgamated Bank boosted its position in shares of Ambarella by 3.6% in the second quarter. Amalgamated Bank now owns 4,126 shares of the semiconductor company’s stock valued at $200,000 after buying an additional 143 shares in the last quarter. Finally, Dubuque Bank & Trust Co. boosted its position in shares of Ambarella by 4.0% in the second quarter. Dubuque Bank & Trust Co. now owns 3,793 shares of the semiconductor company’s stock valued at $184,000 after buying an additional 147 shares in the last quarter. 56.74% of the stock is owned by hedge funds and other institutional investors.

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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