Published On: Tue, Sep 6th, 2016

Analysts’ Recent Ratings Updates for Ambarella (AMBA)

A number of research firms have changed their ratings and price targets for Ambarella (NASDAQ: AMBA):

9/6/2016 – Ambarella had its price target raised by analysts at Canaccord Genuity from $85.00 to $86.00. They now have a “buy” rating on the stock.
9/5/2016 – Ambarella had its “market perform” rating reaffirmed by analysts at Oppenheimer Holdings.
9/5/2016 – Ambarella was upgraded by analysts at Vetr from a “strong sell” rating to a “sell” rating. They now have a $61.77 price target on the stock.
9/2/2016 – Ambarella had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
9/2/2016 – Ambarella had its “buy” rating reaffirmed by analysts at Pacific Crest. They wrote, “We are lowering revenue estimates slightly but our EPS is unchanged on better gross margin.””
9/2/2016 – Ambarella had its “buy” rating reaffirmed by analysts at Morgan Stanley. They now have a $78.00 price target on the stock.
8/31/2016 – Ambarella had its price target raised by analysts at Canaccord Genuity from $85.00 to $86.00. They now have a “buy” rating on the stock.
8/30/2016 – Ambarella was downgraded by analysts at Vetr from a “sell” rating to a “strong sell” rating. They now have a $61.77 price target on the stock.
8/30/2016 – Ambarella had its price target raised by analysts at Pacific Crest from $53.00 to $75.00. They now have an “overweight” rating on the stock.
8/30/2016 – Ambarella had its price target raised by analysts at KeyCorp from $53.00 to $75.00. They now have an “overweight” rating on the stock.
8/26/2016 – Ambarella had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
8/25/2016 – Ambarella had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $86.00 price target on the stock.
8/24/2016 – Ambarella was downgraded by analysts at Vetr from a “buy” rating to a “sell” rating. They now have a $62.36 price target on the stock.
8/18/2016 – Ambarella was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $68.62 price target on the stock.
8/12/2016 – Ambarella was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $68.62 price target on the stock.
8/3/2016 – Ambarella was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Ambarella, Inc. develops video compression and image processing semiconductors. The Company’s products are used in digital still cameras, digital camcorders, and video-enabled mobile phones. Ambarella sells its solutions to original design manufacturers and original equipment manufacturers. Its technology is also used in television broadcasting infrastructure systems. Ambarella, Inc. is headquartered in Santa Clara, California. “
8/2/2016 – Ambarella was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $65.00 price target on the stock. According to Zacks, “Ambarella, Inc. develops video compression and image processing semiconductors. The Company’s products are used in digital still cameras, digital camcorders, and video-enabled mobile phones. Ambarella sells its solutions to original design manufacturers and original equipment manufacturers. Its technology is also used in television broadcasting infrastructure systems. Ambarella, Inc. is headquartered in Santa Clara, California. “
7/26/2016 – Ambarella was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Ambarella, Inc. develops video compression and image processing semiconductors. The Company’s products are used in digital still cameras, digital camcorders, and video-enabled mobile phones. Ambarella sells its solutions to original design manufacturers and original equipment manufacturers. Its technology is also used in television broadcasting infrastructure systems. Ambarella, Inc. is headquartered in Santa Clara, California. “
7/12/2016 – Ambarella was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $61.00 price target on the stock. According to Zacks, “Ambarella, Inc. develops video compression and image processing semiconductors. The Company’s products are used in digital still cameras, digital camcorders, and video-enabled mobile phones. Ambarella sells its solutions to original design manufacturers and original equipment manufacturers. Its technology is also used in television broadcasting infrastructure systems. Ambarella, Inc. is headquartered in Santa Clara, California. “

Ambarella Inc. (NASDAQ:AMBA) opened at 66.99 on Tuesday. The firm has a market capitalization of $2.18 billion and a price-to-earnings ratio of 50.44. The stock has a 50 day moving average price of $62.34 and a 200 day moving average price of $48.86. Ambarella Inc. has a 1-year low of $33.39 and a 1-year high of $75.53.
Ambarella (NASDAQ:AMBA) last announced its quarterly earnings data on Thursday, September 1st. The company reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.16. The firm earned $65.10 million during the quarter, compared to analyst estimates of $64.02 million. The company’s quarterly revenue was down 22.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.88 EPS. Analysts predict that Ambarella Inc. will post $2.63 EPS for the current year.

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In other news, Director Christopher B. Paisley sold 1,000 shares of the business’s stock in a transaction on Wednesday, June 15th. The stock was sold at an average price of $51.96, for a total transaction of $51,960.00. Following the sale, the director now directly owns 8,861 shares of the company’s stock, valued at $460,417.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Christopher Day sold 1,173 shares of the business’s stock in a transaction on Thursday, June 30th. The stock was sold at an average price of $50.85, for a total value of $59,647.05. Following the sale, the vice president now directly owns 23,532 shares in the company, valued at $1,196,602.20. The disclosure for this sale can be found here.
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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