Analyst Price Target Update on Ambarella (NASDAQ:AMBA)

Ambarella (NASDAQ:AMBA): 7 analysts have set the short term price target of Ambarella (NASDAQ:AMBA) at $56. The standard deviation of short term price target has been estimated at $14.35, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 86 and $43 respectively.

Many analysts have stated their opinion on the company shares. Deutsche Bank maintains its view on Ambarella (NASDAQ:AMBA) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Deutsche Bank raises the price target from $45 per share to $47 per share on Ambarella . The rating by the firm was issued on June 3, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, Day Christopher, officer (VP, Marketing) of Ambarella Inc, unloaded 1,812 shares at an average price of $43.5 on March 29, 2016. The total amount of the transaction was worth $78,822, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Ambarella (NASDAQ:AMBA) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.58 points or 1.13% at $50.83 with 1,054,295 shares getting traded. Post opening the session at $51.02, the shares hit an intraday low of $50.64 and an intraday high of $51.8599 and the price was in this range throughout the day. The company has a market cap of $1,670 million and the number of outstanding shares have been calculated to be 32,854,794 shares. The 52-week high of Ambarella (NASDAQ:AMBA) is $129.19 and the 52-week low is $33.3908.

Ambarella, Inc. is a developer of semiconductor processing solutions for video that enable high-definition (HD), video capture, sharing and display. The Companys system-on-a-chip (SoC) designs HD video processing, image processing, audio processing and system functions onto a single chip, delivering video and image. In the camera market, its platform enables the creation of high-quality video content in wearable sports cameras, automotive aftermarket cameras, professional and consumer Internet Protocol (IP), security cameras, telepresence cameras and unmanned aerial vehicles (UAVs). In the infrastructure market, the Companys solutions manage IP video traffic, broadcast encoding and transcoding and IP video delivery applications. The Company sells its solutions to original design manufacturers (ODMs), and original equipment manufacturers (OEMs).

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