However, with shares of the video processing chip company up more than 70% since last quarter’s solid beat, perhaps it should come as no surprise to see Ambarella stock down modestly in after-hours trading as of this writing.
Advertisement
“We are lowering revenue estimates slightly but our EPS is unchanged on better gross margin.”, Pacific Crest’s analyst wrote. The shares were sold at an average price of $51.97, for a total value of $497,508.81.
Ambarella, Inc. (NASDAQ:AMBA) down -2.88% for the past 5 days, is under coverage of 10 analysts who collectively assign a hold rating on stock. In a research note issued to the investors, the brokerage major Raises the price-target to $75.00 per share. Ambarella’s 50-day average is $62.34 and its two hundred day average is $48.86. Having a look at the historical EPS report, the company attained $3.31 EPS for the previous year. (AMBA) sold shares in a trading activity completed on Thursday June 30, 2016. Compared to $84.2 million reported in the 2Q of fiscal 2016, revenue dropped 22.6%.
Five Below also guided its full-year fiscal 2016 earnings per share to a range of $1.28 to $1.32 on revenue of $1 billion to $1.009 billion.
On Friday Canaccord Genuity reiterated its target for shares of Ambarella Corporation as “Buy” recommending a target price of 86 for investors; potentially meaning there is an increase of 27.03% from Ambarella Corporation’s share price of 67.7. Following the transaction, the chief executive officer now directly owns 278,346 shares of the company’s stock, valued at approximately $14,465,641.62. Based on 8 analysts polled in the last 3 months, 5 rate a Buy on AMBA, while 3 maintain a Hold.
Ambarella has a one-year low of $33.39 and a 52 week high of $75.53 with a P/E ratio of 50. On Dec 30, 2015, Lip Bu Tan (director) sold 2,472 shares at $58.21 per share price, according to the Form-4 filing with the securities and exchange commission.
Ambarella Inc.is a developer of semiconductor processing solutions for video that enable high-definition (HD) video capture sharing and display.
Advertisement
Insider Activity: Corporate insiders look pessimistic about the outlook of the company stock that they seem to offload shares while they have 20.18 jumped so far this year. The Company operates through the development and sale of low-power, high-definition video products segment. The Company’s system-on-a-chip (SoC) designs HD video processing image processing audio processing and system functions onto a single chip delivering video and image.
