Ambarella (NASDAQ:AMBA) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Friday.

AMBA has been the topic of several other research reports. Needham & Company LLC restated a “hold” rating on shares of Ambarella in a research report on Friday, December 1st. Zacks Investment Research upgraded Ambarella from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. Canaccord Genuity restated a “buy” rating and issued a $65.00 target price (up previously from $58.00) on shares of Ambarella in a research report on Friday, October 13th. UBS Group upgraded Ambarella from a “market perform” rating to an “outperform” rating in a research report on Wednesday, January 3rd. Finally, KeyCorp restated a “hold” rating on shares of Ambarella in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $60.14.

Ambarella (NASDAQ:AMBA) opened at $52.60 on Friday. The stock has a market capitalization of $1,750.00, a P/E ratio of 50.58, a price-to-earnings-growth ratio of 5.20 and a beta of 1.59. Ambarella has a 1 year low of $40.06 and a 1 year high of $66.23.

Ambarella (NASDAQ:AMBA) last released its earnings results on Thursday, November 30th. The semiconductor company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.08. The business had revenue of $89.06 million for the quarter, compared to the consensus estimate of $89.41 million. Ambarella had a return on equity of 7.87% and a net margin of 11.51%. The business’s quarterly revenue was down 11.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.11 earnings per share. analysts expect that Ambarella will post 0.7 earnings per share for the current fiscal year.

In related news, Director Christopher B. Paisley sold 2,000 shares of the stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $59.23, for a total value of $118,460.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Yun-Lung Chen sold 11,340 shares of the stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $59.80, for a total value of $678,132.00. Following the completion of the sale, the vice president now directly owns 11,386 shares of the company’s stock, valued at approximately $680,882.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,553 shares of company stock valued at $2,145,108. Insiders own 5.80% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Victory Capital Management Inc. increased its holdings in shares of Ambarella by 17.7% in the second quarter. Victory Capital Management Inc. now owns 2,240 shares of the semiconductor company’s stock valued at $109,000 after purchasing an additional 337 shares during the last quarter. Turner Investments LLC acquired a new stake in shares of Ambarella in the third quarter valued at approximately $172,000. Amalgamated Bank increased its holdings 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 purchasing an additional 143 shares during the last quarter. Aperio Group LLC acquired a new stake in shares of Ambarella in the third quarter valued at approximately $213,000. Finally, Belpointe Asset Management LLC acquired a new stake in shares of Ambarella in the third quarter valued at approximately $216,000. 63.02% of the stock is owned by hedge funds and other institutional investors.

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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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