Ambarella (NASDAQ:AMBA) Price Target Increased to $90.00 by Analysts at Stifel Nicolaus

Ambarella (NASDAQ:AMBAGet Rating) had its target price boosted by Stifel Nicolaus from $76.00 to $90.00 in a research report released on Monday morning, The Fly reports.

AMBA has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft lowered their price objective on Ambarella from $75.00 to $62.00 and set a hold rating on the stock in a research report on Tuesday, October 18th. StockNews.com assumed coverage on shares of Ambarella in a research report on Wednesday, October 12th. They set a sell rating for the company. Wells Fargo & Company dropped their target price on shares of Ambarella to $105.00 in a research report on Tuesday, September 6th. Roth Capital reaffirmed a buy rating and issued a $110.00 target price on shares of Ambarella in a research report on Friday, November 18th. Finally, Needham & Company LLC reduced their price objective on shares of Ambarella from $110.00 to $90.00 and set a buy rating for the company in a research note on Tuesday, October 11th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $109.33.

Ambarella Price Performance

Shares of Ambarella stock opened at $72.17 on Monday. Ambarella has a one year low of $49.02 and a one year high of $227.59. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of -63.31 and a beta of 1.48. The business has a 50-day simple moving average of $59.20 and a 200 day simple moving average of $70.14.

Ambarella (NASDAQ:AMBAGet Rating) last announced its earnings results on Tuesday, August 30th. The semiconductor company reported ($0.51) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.44) by ($0.07). Ambarella had a negative return on equity of 6.88% and a negative net margin of 12.14%. The business had revenue of $80.90 million during the quarter, compared to analysts’ expectations of $80.21 million. During the same quarter in the previous year, the firm earned ($0.18) EPS. Ambarella’s quarterly revenue was up 2.0% on a year-over-year basis. On average, sell-side analysts expect that Ambarella will post -1.55 EPS for the current year.

Insider Buying and Selling

In other Ambarella news, COO Chan W. Lee sold 2,072 shares of Ambarella stock in a transaction on Friday, September 16th. The shares were sold at an average price of $63.25, for a total transaction of $131,054.00. Following the sale, the chief operating officer now owns 64,897 shares of the company’s stock, valued at approximately $4,104,735.25. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CTO Leslie Kohn sold 6,179 shares of the business’s stock in a transaction dated Monday, September 26th. The shares were sold at an average price of $58.95, for a total transaction of $364,252.05. Following the transaction, the chief technology officer now owns 899,478 shares of the company’s stock, valued at approximately $53,024,228.10. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Chan W. Lee sold 2,072 shares of the company’s stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $63.25, for a total transaction of $131,054.00. Following the completion of the transaction, the chief operating officer now directly owns 64,897 shares in the company, valued at approximately $4,104,735.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,246 shares of company stock valued at $937,852. 6.60% of the stock is owned by corporate insiders.

Institutional Trading of Ambarella

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Arizona State Retirement System increased its stake in Ambarella by 1.5% during the first quarter. Arizona State Retirement System now owns 9,911 shares of the semiconductor company’s stock worth $1,040,000 after purchasing an additional 147 shares during the period. Advisors Asset Management Inc. boosted its holdings in shares of Ambarella by 9.6% in the second quarter. Advisors Asset Management Inc. now owns 1,685 shares of the semiconductor company’s stock valued at $110,000 after acquiring an additional 148 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of Ambarella by 11.0% during the second quarter. Nisa Investment Advisors LLC now owns 1,508 shares of the semiconductor company’s stock worth $99,000 after purchasing an additional 150 shares during the period. Prudential Financial Inc. lifted its holdings in shares of Ambarella by 4.9% during the second quarter. Prudential Financial Inc. now owns 3,406 shares of the semiconductor company’s stock worth $232,000 after purchasing an additional 159 shares during the period. Finally, Wrapmanager Inc. lifted its holdings in shares of Ambarella by 4.9% during the second quarter. Wrapmanager Inc. now owns 3,495 shares of the semiconductor company’s stock worth $229,000 after purchasing an additional 162 shares during the period. 76.77% of the stock is currently owned by hedge funds and other institutional investors.

Ambarella Company Profile

(Get Rating)

Ambarella, Inc develops semiconductor solutions for video that enable high-definition (HD) and ultra HD compression, image processing, and deep neural network 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.

Featured Stories

The Fly logo

Analyst Recommendations for Ambarella (NASDAQ:AMBA)

Receive News & Ratings for Ambarella Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ambarella and related companies with MarketBeat.com's FREE daily email newsletter.