Ambarella Inc (NASDAQ:AMBA) has coverage initiated with a Neutral rating and $42.00 price target

ME Staff
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Analyst Ratings For Ambarella Inc (NASDAQ:AMBA)

Today, Bank of America initiated coverage on Ambarella Inc (NASDAQ:AMBA) with a Neutral with a price target of $42.00.

There are 0 sell ratings, 8 hold ratings, 5 buy ratings, 0 strong buy ratings on the stock.

The current consensus rating on Ambarella Inc (NASDAQ:AMBA) is Hold with a consensus target price of $55.00 per share, a potential 42.27% upside.

Some recent analyst ratings include

  • 7/17/2018-Bank of America initiated coverage with a Neutral rating.
  • 6/6/2018-Oppenheimer Reiterated Rating of Outperform .
  • 6/6/2018-Stifel Nicolaus Reiterated Rating of Buy .

Recent Insider Trading Activity For Ambarella Inc (NASDAQ:AMBA)
Ambarella Inc (NASDAQ:AMBA) has insider ownership of 5.84% and institutional ownership of 68.86%.

  • On 6/22/2018 Christopher Day, VP, sold 3,062 with an average share price of $44.00 per share and the total transaction amounting to $134,728.00.
  • On 6/19/2018 Christopher Day, VP, sold 3,300 with an average share price of $43.77 per share and the total transaction amounting to $144,441.00.
  • On 6/18/2018 Feng-Ming Wang, CEO, sold 8,412 with an average share price of $43.27 per share and the total transaction amounting to $363,987.24.
  • On 6/18/2018 George Laplante, CFO, sold 2,786 with an average share price of $43.27 per share and the total transaction amounting to $120,550.22.
  • On 6/18/2018 Leslie Kohn, Insider, sold 3,097 with an average share price of $43.27 per share and the total transaction amounting to $134,007.19.
  • On 3/16/2018 Christopher Day, VP, sold 1,012 with an average share price of $53.07 per share and the total transaction amounting to $53,706.84.
  • On 3/16/2018 Feng-Ming Wang, CEO, sold 6,024 with an average share price of $53.07 per share and the total transaction amounting to $319,693.68.

About Ambarella Inc (NASDAQ:AMBA)
Ambarella, Inc. develops semiconductor processing solutions for video that enable high-definition (HD), video capture, analysis, sharing, and display worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, computer vision functionality, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption. Its solutions enable the creation of video content for wearable cameras, automotive cameras, and professional and consumer Internet Protocol (IP) security cameras, as well as cameras incorporated into unmanned aerial vehicles in the camera market; and manage IP video traffic, broadcast encoding and transcoding, and IP video delivery applications in the infrastructure market. The company sells its solutions to original design manufacturers and original equipment manufacturers through its direct sales force and distributors. Ambarella, Inc. was founded in 2004 and is headquartered in Santa Clara, California.

Recent Trading Activity for Ambarella Inc (NASDAQ:AMBA)
Shares of Ambarella Inc closed the previous trading session at 38.72 up +1.10 2.92% with shares trading hands.