Ambarella, Inc. (NASDAQ:AMBA) Given Average Rating of “Moderate Buy” by Analysts

Ambarella, Inc. (NASDAQ:AMBA) has received a consensus rating of “Moderate Buy” from the eleven ratings firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $74.09.

A number of research firms have commented on AMBA. Bank of America boosted their price target on shares of Ambarella from $50.00 to $57.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 28th. Morgan Stanley increased their target price on Ambarella from $67.00 to $73.00 and gave the company an “overweight” rating in a research note on Wednesday, August 28th. Roth Mkm reaffirmed a “neutral” rating and set a $60.00 price target on shares of Ambarella in a research note on Wednesday, August 28th. Stifel Nicolaus increased their price objective on Ambarella from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, August 28th. Finally, TD Cowen raised their price objective on Ambarella from $65.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, August 28th.

Insider Buying and Selling at Ambarella

In other news, VP Christopher Day sold 483 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $53.54, for a total value of $25,859.82. Following the transaction, the vice president now owns 21,370 shares in the company, valued at approximately $1,144,149.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Ambarella news, CEO Feng-Ming Wang sold 4,382 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $56.02, for a total transaction of $245,479.64. Following the completion of the transaction, the chief executive officer now owns 803,574 shares of the company’s stock, valued at $45,016,215.48. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Christopher Day sold 483 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $53.54, for a total value of $25,859.82. Following the completion of the sale, the vice president now owns 21,370 shares of the company’s stock, valued at approximately $1,144,149.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,423 shares of company stock worth $1,356,402. 5.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Ambarella

Hedge funds and other institutional investors have recently made changes to their positions in the business. Meeder Asset Management Inc. purchased a new position in Ambarella during the 2nd quarter valued at $26,000. Blue Trust Inc. boosted its stake in shares of Ambarella by 180.3% during the 3rd quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 321 shares in the last quarter. CWM LLC grew its holdings in shares of Ambarella by 127.7% during the 2nd 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. Signaturefd LLC raised its position in shares of Ambarella by 389.6% in the 3rd quarter. Signaturefd LLC now owns 661 shares of the semiconductor company’s stock worth $37,000 after acquiring an additional 526 shares in the last quarter. Finally, Van ECK Associates Corp lifted its stake in shares of Ambarella by 62.1% in the 2nd quarter. Van ECK Associates Corp now owns 1,441 shares of the semiconductor company’s stock valued at $78,000 after purchasing an additional 552 shares during the period. Institutional investors own 82.09% of the company’s stock.

Ambarella Price Performance

AMBA opened at $59.22 on Friday. The firm has a market capitalization of $2.43 billion, a P/E ratio of -13.90 and a beta of 1.62. Ambarella has a one year low of $39.69 and a one year high of $65.88. The company has a fifty day moving average price of $55.68 and a 200-day moving average price of $52.71.

Ambarella (NASDAQ:AMBA) last announced its earnings results on Tuesday, August 27th. The semiconductor company reported ($0.13) earnings per share 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 business had revenue of $63.70 million for the quarter, compared to analyst estimates of $62.10 million. During the same period in the prior year, the company earned ($0.76) EPS. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. On average, analysts expect that Ambarella will post -3 earnings per share for the current 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.