Ambarella Inc. (NASDAQ:AMBA) had its price objective trimmed by KeyCorp from $75.00 to $70.00 in a report issued on Tuesday. The brokerage currently has an overweight rating on the stock.

Other analysts have also recently issued reports about the company. Canaccord Genuity lifted their price objective on Ambarella from $85.00 to $86.00 and gave the company a buy rating in a research report on Wednesday, August 31st. Morgan Stanley reaffirmed a buy rating and set a $78.00 price objective on shares of Ambarella in a research report on Friday, September 2nd. Pacific Crest reaffirmed a buy rating on shares of Ambarella in a research report on Friday, September 2nd. Needham & Company LLC reaffirmed a hold rating on shares of Ambarella in a research report on Friday, September 2nd. Finally, Vetr raised Ambarella from a hold rating to a buy rating and set a $74.39 price objective on the stock in a research report on Thursday, October 6th. Seven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Ambarella has a consensus rating of Buy and a consensus price target of $69.31.

Analyst Recommendations for Ambarella (NASDAQ:AMBA)

Ambarella (NASDAQ:AMBA) opened at 62.59 on Tuesday. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 47.13 and a beta of 1.63. The stock’s 50 day moving average price is $61.64 and its 200 day moving average price is $58.67. Ambarella has a 52 week low of $33.39 and a 52 week high of $74.95.

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In other news, VP Yun-Lung Chen sold 4,197 shares of the stock in a transaction that occurred on Friday, September 30th. The shares were sold at an average price of $74.19, for a total transaction of $311,375.43. Following the transaction, the vice president now directly owns 13,530 shares in the company, valued at $1,003,790.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Christopher Day sold 1,405 shares of the stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $67.98, for a total transaction of $95,511.90. The disclosure for this sale can be found here. Insiders own 5.43% of the company’s stock.

A number of large investors have recently bought and sold shares of AMBA. LPL Financial LLC boosted its stake in Ambarella by 3.2% in the third quarter. LPL Financial LLC now owns 36,446 shares of the company’s stock worth $2,662,000 after buying an additional 1,140 shares during the last quarter. Dai Ichi Life Holdings Inc. purchased a new stake in Ambarella during the third quarter worth approximately $2,675,000. Moors & Cabot Inc. purchased a new stake in Ambarella during the third quarter worth approximately $266,000. The Manufacturers Life Insurance Company purchased a new stake in Ambarella during the third quarter worth approximately $1,589,000. Finally, Two Sigma Advisers LP boosted its stake in Ambarella by 7.8% in the third quarter. Two Sigma Advisers LP now owns 16,600 shares of the company’s stock worth $1,222,000 after buying an additional 1,200 shares during the last quarter. 58.80% of the stock is owned by institutional investors.

Ambarella Company Profile

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.

5 Day Chart for NASDAQ:AMBA

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