Needham analyst Quinn Bolton maintained a Hold rating on Ambarella (AMBA) today. The company’s shares closed on Friday at $37.85.
Bolton noted:
“In conjunction with our industry report published this morning entitled, “CES C1H19″, we are reducing forward revenue and NG EPS estimates for the majority of our semiconductor companies under coverage including Ambarella. Highlights from our CES meeting appears below.”
According to TipRanks.com, Bolton is a 5-star analyst with an average return of 11.5% and a 61.9% success rate. Bolton covers the Consumer Goods sector, focusing on stocks such as MACOM Technology Solutions Holdings Inc, Sequans Communications S A, and Quantenna Communications.
Currently, the analyst consensus on Ambarella is a Moderate Buy with an average price target of $45.
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The company has a one-year high of $55.80 and a one-year low of $30. Currently, Ambarella has an average volume of 677.7K.
Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is negative on the stock.
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Ambarella, Inc. engages in the development and sale of video compression and image processing solutions. Its products include wearable cameras, flying cameras, and automotive video processing solutions. The company was founded by Feng Ming Wang and Leslie D. Kohn on January 15, 2004 and is headquartered in Santa Clara, CA.
