Ambarella, Inc. - Ordinary Shar (AMBA) Sees 52-Week Low

Ambarella, Inc. - Ordinary Shar (AMBA) Sees 52-Week Low”

Ambarella, Inc. (AMBA) average trading volume of 1,374,715 during the past month is 38.01% above its average volume over the past year, indicating that investors have been more active than usual in the stock in recent times. The stock has "Buy" rating by Dougherty & Company on Thursday, February 4.

Several other equities research analysts have also recently weighed in on the company. 1 is equivalent to a buy rating, 3 a hold rating, and 5 a sell rating. Canaccord Genuity cut their price objective on shares of Ambarella from $72.00 to $58.00 and set a "buy" rating for the company in a research report on Tuesday. Reliant Investment Management Lc reported 1.33% in Ambarella Inc (NASDAQ:AMBA). The Company's product family includes Datawatch Monarch, Datawatch Panopticon and Datawatch Report Mining Server. Overall, volume was up 1,532.73% over the stocks normal daily volume.

Ambarella (NASDAQ:AMBA) opened at 42.24 on Friday. Company chares are trading at $41.90 which is quite a bit below $51.19, the 50 day moving average and which is significantly below the 200 day moving average of $54.10. Ambarella, Inc. has a 12 month low of $40.57 and a 12 month high of $74.95. This company shares are 52.04% off its target price of $64.22 and the current market capitalization stands at $1.41B. The semiconductor company reported $0.48 earnings per share for the quarter, topping analysts' consensus estimates of $0.44 by $0.04. During the same quarter in the previous year, the company posted $0.54 earnings per share. Victory Capital Management Inc. now owns 1,903 shares of the semiconductor company's stock valued at $104,000 after buying an additional 1,006 shares during the last quarter.

Ambarella, Inc. (AMBA) reported earning per shares for the quarter ending Aug 31 AMC at 0.48, whereas, 11 number of analysts estimated the mean EPS at 0.67. The value of the investment in Ambarella, Inc. "(AMBA) Price Target to $52.00" was first published by BBNS and is owned by of BBNS. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of United States & global trademark & copyright laws. Huntington Commercial Bank holds 0% of its portfolio in Ambarella Inc (NASDAQ:AMBA) for 474 shares.

Ambarella announced that its Board of Directors has initiated a stock buyback 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 repurchase up to 2.5% of its stock through open market purchases. Also, CEO Feng-Ming Wang sold 11,628 shares of the firm's stock in a transaction that occurred on Friday, June 16th. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In a transaction dated Jun. 16, 2017, the shares were put up for sale at an average price of $48.77, raking in a sum of $567,098. Following the completion of the sale, the chief financial officer now owns 100,848 shares of the company's stock, valued at $4,918,356.96. The disclosure for this sale can be found here.

The Stock had a 1.83 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 1.83 and 1.83 respectively.

Ambarella, Inc.'s average Book Value per Share Growth Rate was 20.8 percent during the past 12 months. Ambarella's quarterly revenue was up 10.0% on a year-over-year basis. FNY Partners Fund LP acquired a new stake in Ambarella in the first quarter valued at $164,000. The total value of its holdings increased 86.9%. Finally, Amalgamated Bank grew its holdings in Ambarella by 3.6% in the 2nd quarter. Shares repurchase programs are generally an indication that the company's management believes its stock is undervalued.

Multiple company employees have indulged in significant insider trading.

Ambarella, Inc offers semiconductor processing solutions for video that enable high-definition (HD), video capture, sharing and display.

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