Ambarella, Inc. (NASDAQ:AMBA) shares were up 0.5% during mid-day trading on Monday . The company traded as high as $54.83 and last traded at $54.41. Approximately 652,200 shares changed hands during mid-day trading, a decline of 42% from the average daily volume of 1,131,590 shares. The stock had previously closed at $54.70.

A number of research analysts have recently issued reports on AMBA shares. Craig Hallum cut shares of Ambarella from a “buy” rating to a “hold” rating and set a $50.00 target price for the company. in a research note on Friday, September 1st. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Ambarella in a research report on Friday, September 1st. Canaccord Genuity restated a “buy” rating and issued a $72.00 price objective on shares of Ambarella in a research report on Tuesday, July 11th. Zacks Investment Research cut shares of Ambarella from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Finally, Morgan Stanley restated an “overweight” rating and issued a $60.00 price objective on shares of Ambarella in a research report on Thursday, September 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $58.86.

The company’s 50 day moving average is $48.00 and its 200 day moving average is $52.26. The firm has a market capitalization of $1.79 billion, a P/E ratio of 35.16 and a beta of 1.57.

Ambarella (NASDAQ:AMBA) last released its quarterly earnings results on Thursday, August 31st. The semiconductor company reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.04. The firm had revenue of $71.63 million during the quarter, compared to the consensus estimate of $70.79 million. Ambarella had a net margin of 16.45% and a return on equity of 11.94%. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.54 earnings per share. On average, equities analysts forecast that Ambarella, Inc. will post $1.89 earnings per share for the current fiscal year.

In related news, VP Christopher Day sold 2,618 shares of Ambarella stock in a transaction on Friday, September 29th. The shares were sold at an average price of $49.15, for a total transaction of $128,674.70. Following the completion of the transaction, the vice president now owns 20,377 shares of the company’s stock, valued at $1,001,529.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Feng-Ming Wang sold 11,629 shares of Ambarella stock in a transaction on Monday, September 18th. The stock was sold at an average price of $46.50, for a total transaction of $540,748.50. The disclosure for this sale can be found here. Insiders have sold 27,835 shares of company stock valued at $1,301,265 in the last ninety days. Insiders own 5.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Ambarella by 2.9% during the second quarter. Vanguard Group Inc. now owns 2,145,609 shares of the semiconductor company’s stock worth $104,169,000 after buying an additional 60,770 shares during the last quarter. Van Berkom & Associates Inc. raised its stake in Ambarella by 22.7% during the second quarter. Van Berkom & Associates Inc. now owns 1,235,483 shares of the semiconductor company’s stock worth $59,983,000 after buying an additional 228,740 shares during the last quarter. Eagle Asset Management Inc. raised its stake in Ambarella by 36.2% during the second quarter. Eagle Asset Management Inc. now owns 1,152,405 shares of the semiconductor company’s stock worth $55,949,000 after buying an additional 306,248 shares during the last quarter. AXA raised its stake in Ambarella by 100.6% during the second quarter. AXA now owns 708,106 shares of the semiconductor company’s stock worth $34,379,000 after buying an additional 355,170 shares during the last quarter. Finally, State of Tennessee Treasury Department raised its stake in Ambarella by 53.8% during the second quarter. State of Tennessee Treasury Department now owns 600,000 shares of the semiconductor company’s stock worth $29,130,000 after buying an additional 210,000 shares during the last quarter. 57.06% of the stock is owned by institutional investors and hedge funds.

WARNING: “Ambarella, Inc. (AMBA) Shares Up -0.5%” was first posted by Watch List News and is owned by of Watch List News. If you are reading this piece on another publication, it was copied illegally and reposted in violation of U.S. & international copyright & trademark law. The original version of this piece can be viewed at https://www.watchlistnews.com/ambarella-inc-amba-shares-up-0-5/1637959.html.

About Ambarella

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.

Receive News & Ratings for Ambarella Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ambarella Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.