Ambarella, Inc. (NASDAQ:AMBA) Receives “Hold” Rating from Deutsche Bank AG

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.

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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.

About Ambarella

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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