Ambarella, Inc. (NASDAQ:AMBA)‘s stock had its “hold” rating reissued by equities researchers at Deutsche Bank AG in a report released on Friday, September 1st. They currently have a $49.00 target price on the semiconductor company’s stock, down from their previous target price of $54.00. Deutsche Bank AG’s target price indicates a potential upside of 5.54% from the stock’s previous close.
A number of other research analysts have also recently commented on AMBA. Needham & Company LLC restated a “hold” rating on shares of Ambarella in a research note on Friday, June 9th. Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of Ambarella in a research note on Friday, June 9th. Zacks Investment Research upgraded shares of Ambarella from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Vetr cut shares of Ambarella from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 31st. Finally, BidaskClub cut shares of Ambarella from a “buy” rating to a “hold” rating in a research note on Friday, June 16th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company’s stock. Ambarella presently has an average rating of “Hold” and an average price target of $58.23.
Shares of Ambarella (AMBA) opened at 46.43 on Friday. The stock has a market capitalization of $1.54 billion, a PE ratio of 30.33 and a beta of 1.60. Ambarella has a 12 month low of $40.06 and a 12 month high of $74.95. The company’s 50 day moving average price is $49.50 and its 200 day moving average price is $53.28.
Ambarella (NASDAQ:AMBA) last announced its quarterly earnings results on Thursday, August 31st. The semiconductor company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.04. The firm had revenue of $71.63 million during the quarter, compared to analysts’ expectations of $70.79 million. Ambarella had a net margin of 16.45% and a return on equity of 11.94%. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 earnings per share. Equities analysts anticipate that Ambarella will post $1.89 earnings per share for the current fiscal year.
Ambarella announced that its board has approved a stock repurchase plan on Tuesday, June 6th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the semiconductor company to purchase up to 2.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. lifted its position in Ambarella by 112.2% in the 1st quarter. Victory Capital Management Inc. now owns 1,903 shares of the semiconductor company’s stock valued at $104,000 after acquiring an additional 1,006 shares in the last quarter. Ameritas Investment Partners Inc. bought a new stake in Ambarella in the 1st quarter valued at $151,000. FNY Partners Fund LP bought a new stake in Ambarella in the 1st quarter valued at $164,000. Dubuque Bank & Trust Co. lifted its position in Ambarella by 4.0% in the 2nd quarter. Dubuque Bank & Trust Co. now owns 3,793 shares of the semiconductor company’s stock valued at $184,000 after acquiring an additional 147 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its position in Ambarella by 2.5% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 3,605 shares of the semiconductor company’s stock valued at $197,000 after acquiring an additional 88 shares in the last quarter. 56.74% of the stock is currently owned by institutional investors and hedge funds.
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.
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