Ambarella, Inc. (NASDAQ:AMBA) Receives Consensus Rating of “Moderate Buy” from Analysts

Ambarella, Inc. (NASDAQ:AMBA) has earned an average rating of “Moderate Buy” from the eleven analysts that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $75.00.

A number of equities analysts have weighed in on AMBA shares. Craig Hallum lifted their price objective on Ambarella from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Wednesday, August 28th. Roth Mkm reiterated a “neutral” rating and set a $60.00 price target on shares of Ambarella in a research report on Wednesday, August 28th. Morgan Stanley upped their price objective on Ambarella from $67.00 to $73.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 28th. Westpark Capital reaffirmed a “buy” rating and set a $85.00 target price on shares of Ambarella in a report on Monday, August 26th. Finally, TD Cowen boosted their target price on shares of Ambarella from $65.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, August 28th.

Insider Buying and Selling

In other news, Director Elizabeth M. Schwarting sold 913 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $54.74, for a total value of $49,977.62. Following the transaction, the director now owns 8,155 shares in the company, valued at $446,404.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, VP Christopher Day sold 483 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $53.54, for a total transaction of $25,859.82. Following the transaction, the vice president now directly owns 21,370 shares in the company, valued at approximately $1,144,149.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Elizabeth M. Schwarting sold 913 shares of the business’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $54.74, for a total transaction of $49,977.62. Following the transaction, the director now directly owns 8,155 shares in the company, valued at approximately $446,404.70. The disclosure for this sale can be found here. Insiders sold a total of 22,927 shares of company stock worth $1,274,788 in the last 90 days. Insiders own 5.70% of the company’s stock.

Hedge Funds Weigh In On Ambarella

A number of institutional investors have recently bought and sold shares of AMBA. Meeder Asset Management Inc. acquired a new stake in shares of Ambarella during the 2nd quarter worth approximately $26,000. CWM LLC grew its position in Ambarella by 127.7% in the second quarter. CWM LLC now owns 542 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 304 shares during the period. Van ECK Associates Corp increased its stake in Ambarella by 62.1% during the second quarter. Van ECK Associates Corp now owns 1,441 shares of the semiconductor company’s stock worth $78,000 after acquiring an additional 552 shares during the last quarter. Larson Financial Group LLC raised its position in Ambarella by 13,576.9% in the first quarter. Larson Financial Group LLC now owns 1,778 shares of the semiconductor company’s stock valued at $90,000 after purchasing an additional 1,765 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its position in Ambarella by 22.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,275 shares of the semiconductor company’s stock valued at $177,000 after purchasing an additional 590 shares during the period. 82.09% of the stock is owned by hedge funds and other institutional investors.

Ambarella Trading Down 0.1 %

Shares of Ambarella stock opened at $56.41 on Tuesday. Ambarella has a 12-month low of $39.69 and a 12-month high of $65.88. The firm’s 50 day simple moving average is $51.51 and its two-hundred day simple moving average is $51.44. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of -13.24 and a beta of 1.63.

Ambarella (NASDAQ:AMBA) last issued its quarterly earnings results on Tuesday, August 27th. The semiconductor company reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.06. Ambarella had a negative return on equity of 26.01% and a negative net margin of 79.46%. The company had revenue of $63.70 million during the quarter, compared to analysts’ expectations of $62.10 million. During the same quarter in the previous year, the firm posted ($0.76) EPS. The firm’s revenue was up 2.6% compared to the same quarter last year. On average, sell-side analysts predict that Ambarella will post -3 EPS for the current fiscal year.

Ambarella Company Profile

Ambarella, Inc develops semiconductor solutions that enable high-definition (HD) and ultra HD compression, image signal processing, and artificial intelligence processing worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, artificial intelligence computer vision algorithms, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.