Ambarella (NASDAQ:AMBA) had its target price trimmed by Roth Capital from $65.00 to $50.00 in a research report released on Friday, The Fly reports. The firm currently has a neutral rating on the semiconductor company’s stock.

Several other brokerages also recently weighed in on AMBA. TheStreet downgraded Ambarella from a c- rating to a d+ rating in a report on Friday, March 20th. ValuEngine raised shares of Ambarella from a hold rating to a buy rating in a research report on Thursday, April 2nd. Cfra raised their price target on shares of Ambarella from $60.00 to $65.00 and gave the stock a hold rating in a report on Wednesday, March 4th. Bank of America lifted their price objective on shares of Ambarella from $44.00 to $50.00 and gave the stock an underperform rating in a research note on Wednesday, June 3rd. Finally, Stifel Nicolaus boosted their price objective on shares of Ambarella from $60.00 to $62.00 and gave the company a buy rating in a report on Thursday, May 28th. Two analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $60.92.

AMBA stock opened at $44.44 on Friday. Ambarella has a one year low of $36.02 and a one year high of $73.59. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of -34.72 and a beta of 1.24. The company has a debt-to-equity ratio of 0.02, a quick ratio of 8.48 and a current ratio of 8.91. The firm has a 50-day simple moving average of $52.98 and a two-hundred day simple moving average of $55.04.

Ambarella (NASDAQ:AMBA) last announced its earnings results on Tuesday, June 2nd. The semiconductor company reported $0.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.05. The company had revenue of $54.60 million during the quarter, compared to the consensus estimate of $54.32 million. Ambarella had a negative net margin of 18.18% and a negative return on equity of 9.00%. Ambarella’s revenue was up 15.7% compared to the same quarter last year. During the same period last year, the firm earned $0.01 earnings per share. As a group, equities analysts predict that Ambarella will post -1.52 earnings per share for the current fiscal year.

In related news, Director David Jeffrey Richardson sold 7,453 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $54.92, for a total value of $409,318.76. Following the transaction, the director now directly owns 9,046 shares of the company’s stock, valued at approximately $496,806.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Christopher B. Paisley sold 1,500 shares of Ambarella stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $54.67, for a total value of $82,005.00. Insiders sold 14,508 shares of company stock valued at $801,404 over the last 90 days. Company insiders own 5.69% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Nuveen Asset Management LLC lifted its holdings in Ambarella by 3.2% during the 4th quarter. Nuveen Asset Management LLC now owns 129,252 shares of the semiconductor company’s stock worth $7,827,000 after buying an additional 3,971 shares in the last quarter. Aigen Investment Management LP purchased a new stake in shares of Ambarella during the first quarter worth $257,000. BNP Paribas Arbitrage SA raised its stake in shares of Ambarella by 33.9% in the first quarter. BNP Paribas Arbitrage SA now owns 30,981 shares of the semiconductor company’s stock valued at $1,504,000 after acquiring an additional 7,852 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Ambarella by 90.6% in the first quarter. JPMorgan Chase & Co. now owns 121,651 shares of the semiconductor company’s stock valued at $5,907,000 after purchasing an additional 57,814 shares during the period. Finally, Amalgamated Bank boosted its holdings in Ambarella by 9.5% in the fourth quarter. Amalgamated Bank now owns 5,347 shares of the semiconductor company’s stock valued at $324,000 after purchasing an additional 466 shares during the period. Institutional investors and hedge funds own 75.11% of the company’s stock.

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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