Ambarella (AMBA) Upgraded by TheStreet to C-

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TheStreet upgraded shares of Ambarella (NASDAQ:AMBA) from a d rating to a c- rating in a research note issued to investors on Tuesday.

AMBA has been the subject of a number of other research reports. Craig Hallum raised Ambarella from a hold rating to a buy rating and set a $53.00 price objective for the company in a research note on Wednesday. Zacks Investment Research upgraded Ambarella from a sell rating to a hold rating in a report on Tuesday, December 18th. Northland Securities restated a buy rating on shares of Ambarella in a report on Wednesday. Needham & Company LLC restated a hold rating on shares of Ambarella in a report on Friday, November 30th. Finally, ValuEngine downgraded Ambarella from a buy rating to a hold rating in a report on Monday, February 4th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. Ambarella currently has an average rating of Hold and a consensus target price of $45.67.

Shares of AMBA opened at $42.06 on Tuesday. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 76.47 and a beta of 1.03. Ambarella has a 1 year low of $30.00 and a 1 year high of $55.50.

Ambarella (NASDAQ:AMBA) last released its quarterly earnings data on Tuesday, March 5th. The semiconductor company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.10. Ambarella had a negative return on equity of 5.35% and a negative net margin of 9.97%. As a group, equities analysts expect that Ambarella will post -1.02 EPS for the current year.

In other Ambarella news, Director Christopher B. Paisley sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, December 11th. The stock was sold at an average price of $40.00, for a total value of $40,000.00. Following the transaction, the director now directly owns 18,997 shares of the company’s stock, valued at $759,880. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Feng-Ming Wang sold 7,627 shares of the firm’s stock in a transaction dated Tuesday, December 18th. The stock was sold at an average price of $38.00, for a total value of $289,826.00. Following the completion of the transaction, the chief executive officer now directly owns 406,631 shares in the company, valued at $15,451,978. The disclosure for this sale can be found here. Insiders have sold 14,743 shares of company stock worth $562,234 over the last ninety days. 5.84% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc boosted its position in Ambarella by 2.5% in the third quarter. Vanguard Group Inc now owns 2,407,044 shares of the semiconductor company’s stock worth $93,104,000 after purchasing an additional 57,943 shares during the last quarter. Vanguard Group Inc. boosted its position in Ambarella by 2.5% in the third quarter. Vanguard Group Inc. now owns 2,407,044 shares of the semiconductor company’s stock worth $93,104,000 after purchasing an additional 57,943 shares during the last quarter. Van Berkom & Associates Inc. boosted its position in Ambarella by 10.7% in the third quarter. Van Berkom & Associates Inc. now owns 1,714,636 shares of the semiconductor company’s stock worth $66,322,000 after purchasing an additional 165,433 shares during the last quarter. BlackRock Inc. boosted its position in Ambarella by 2.5% in the third quarter. BlackRock Inc. now owns 1,690,551 shares of the semiconductor company’s stock worth $65,392,000 after purchasing an additional 41,782 shares during the last quarter. Finally, Morgan Stanley boosted its position in Ambarella by 22.9% in the third quarter. Morgan Stanley now owns 626,825 shares of the semiconductor company’s stock worth $24,245,000 after purchasing an additional 116,704 shares during the last quarter. 75.99% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for Ambarella (NASDAQ:AMBA)

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