Ambarella Inc. (NASDAQ:AMBA) is set to release its Q317 earnings data on Thursday, December 1st. Analysts expect Ambarella to post earnings of $0.95 per share and revenue of $97.70 million for the quarter.

Earnings History for Ambarella (NASDAQ:AMBA)

Shares of Ambarella Inc. (NASDAQ:AMBA) opened at 62.59 on Wednesday. The stock has a market capitalization of $2.05 billion, a PE ratio of 47.13 and a beta of 1.63. Ambarella Inc. has a 1-year low of $33.39 and a 1-year high of $74.95. The firm has a 50-day moving average of $61.64 and a 200 day moving average of $58.67.

A number of analysts have recently weighed in on AMBA shares. Zacks Investment Research raised shares of Ambarella from a “hold” rating to a “strong-buy” rating and set a $65.00 price target for the company in a research note on Tuesday, August 2nd. Vetr lowered shares of Ambarella from a “strong-buy” rating to a “buy” rating and set a $68.62 price target for the company. in a research note on Friday, August 12th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $86.00 price target on shares of Ambarella in a research note on Thursday, August 25th. Needham & Company LLC reaffirmed a “hold” rating on shares of Ambarella in a research note on Friday, August 26th. Finally, Pacific Crest upped their price target on shares of Ambarella from $53.00 to $75.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 30th. Seven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $69.67.

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In other news, CFO George Laplante sold 30,000 shares of the stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $67.08, for a total transaction of $2,012,400.00. Following the transaction, the chief financial officer now owns 118,720 shares in the company, valued at approximately $7,963,737.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Christopher B. Paisley sold 1,000 shares of the stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $69.13, for a total transaction of $69,130.00. Following the transaction, the director now owns 10,014 shares in the company, valued at approximately $692,267.82. The disclosure for this sale can be found here. Insiders own 5.43% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Fund Advisors raised its position in shares of Ambarella by 1.7% in the second quarter. BlackRock Fund Advisors now owns 758,368 shares of the company’s stock valued at $38,533,000 after buying an additional 12,775 shares during the period. State Street Corp raised its position in shares of Ambarella by 0.4% in the second quarter. State Street Corp now owns 497,409 shares of the company’s stock valued at $25,272,000 after buying an additional 1,935 shares during the period. Lord Abbett & CO. LLC acquired a new position in shares of Ambarella during the second quarter valued at approximately $18,516,000. BlackRock Institutional Trust Company N.A. raised its position in shares of Ambarella by 3.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 315,718 shares of the company’s stock valued at $23,240,000 after buying an additional 10,384 shares during the period. Finally, State of Tennessee Treasury Department raised its position in shares of Ambarella by 4.5% in the second quarter. State of Tennessee Treasury Department now owns 230,000 shares of the company’s stock valued at $11,686,000 after buying an additional 10,000 shares during the period. Institutional investors own 58.80% of the company’s stock.

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.

5 Day Chart for NASDAQ:AMBA

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