Ambarella Inc (NASDAQ:AMBA) has earned a consensus rating of “Hold” from the thirteen research firms that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $45.88.
A number of brokerages have recently issued reports on AMBA. Needham & Company LLC restated a “hold” rating on shares of GrubHub in a research note on Wednesday, June 5th. BidaskClub lowered shares of Westport Fuel Systems from a “buy” rating to a “hold” rating in a research note on Friday. Bank of America set a $4.00 target price on shares of GameStop and gave the company a “sell” rating in a research note on Wednesday, June 5th. TheStreet lowered shares of Resolute Forest Products from a “b-” rating to a “c+” rating in a research note on Wednesday, June 12th. Finally, Northland Securities set a $6.00 target price on shares of Lonestar Resources US and gave the company a “buy” rating in a research note on Monday, July 8th.
In related news, Director Christopher B. Paisley sold 1,000 shares of the business’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $41.93, for a total transaction of $41,930.00. Following the completion of the sale, the director now owns 21,621 shares of the company’s stock, valued at approximately $906,568.53. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Feng-Ming Wang sold 5,535 shares of the business’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $43.06, for a total transaction of $238,337.10. Following the sale, the chief executive officer now directly owns 409,369 shares of the company’s stock, valued at approximately $17,627,429.14. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,201 shares of company stock valued at $655,716. Insiders own 6.31% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Belpointe Asset Management LLC bought a new stake in shares of Ambarella during the 1st quarter valued at about $119,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Ambarella during the 1st quarter valued at about $233,000. Paloma Partners Management Co bought a new stake in shares of Ambarella during the 4th quarter valued at about $234,000. Gamco Investors INC. ET AL bought a new position in Ambarella in the 1st quarter worth about $244,000. Finally, Teza Capital Management LLC bought a new position in Ambarella in the 1st quarter worth about $263,000. 74.81% of the stock is owned by institutional investors and hedge funds.
Shares of Ambarella stock traded up $0.69 during trading on Friday, reaching $48.22. The company had a trading volume of 729,426 shares, compared to its average volume of 353,988. The firm has a market capitalization of $1.56 billion, a P/E ratio of -43.44 and a beta of 1.32. The firm’s fifty day simple moving average is $43.21. The company has a debt-to-equity ratio of 0.01, a quick ratio of 9.42 and a current ratio of 9.84. Ambarella has a fifty-two week low of $30.00 and a fifty-two week high of $52.12.
Ambarella Company Profile
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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