Ambarella (AMBA) Upgraded to Strong-Buy at BidaskClub

BidaskClub upgraded shares of Ambarella (NASDAQ:AMBA) from a buy rating to a strong-buy rating in a research report sent to investors on Thursday morning, BidAskClub reports.

AMBA has been the subject of a number of other reports. Craig Hallum raised Ambarella from a hold rating to a buy rating and set a $53.00 target price for the company in a research note on Wednesday, March 6th. Zacks Investment Research raised Ambarella from a sell rating to a hold rating in a research note on Tuesday, December 18th. ValuEngine raised Ambarella from a hold rating to a buy rating in a research note on Saturday, March 30th. Northland Securities reissued a buy rating on shares of Ambarella in a research note on Wednesday, March 6th. Finally, TheStreet raised Ambarella from a d rating to a c- rating in a research note on Tuesday, March 5th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Ambarella presently has a consensus rating of Hold and an average target price of $45.67.

NASDAQ:AMBA opened at $47.69 on Thursday. Ambarella has a 1 year low of $30.00 and a 1 year high of $55.50. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of -42.20 and a beta of 1.05.

Ambarella (NASDAQ:AMBA) last posted its earnings results on Tuesday, March 5th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.10. Ambarella had a negative return on equity of 8.46% and a negative net margin of 13.37%. Equities research analysts predict that Ambarella will post -1.53 EPS for the current year.

In other news, Director Christopher B. Paisley sold 1,000 shares of the company’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $43.73, for a total transaction of $43,730.00. Following the completion of the transaction, the director now directly owns 20,309 shares of the company’s stock, valued at $888,112.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Yun-Lung Chen sold 6,320 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $41.28, for a total value of $260,889.60. Following the transaction, the vice president now directly owns 27,511 shares of the company’s stock, valued at $1,135,654.08. The disclosure for this sale can be found here. Insiders have sold 21,886 shares of company stock valued at $936,308 over the last ninety days. 5.84% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the company. Stephens Inc. AR acquired a new position in shares of Ambarella during the fourth quarter worth about $206,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new position in shares of Ambarella during the fourth quarter worth about $210,000. Paloma Partners Management Co acquired a new position in shares of Ambarella during the fourth quarter worth about $234,000. Fox Run Management L.L.C. acquired a new position in shares of Ambarella during the fourth quarter worth about $244,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of Ambarella during the third quarter worth about $330,000. 72.99% of the stock is owned by institutional investors.

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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