Brokerages Set Ambarella, Inc. (NASDAQ:AMBA) PT at $96.00

Ambarella, Inc. (NASDAQ:AMBA) has been assigned an average rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation, seven have given a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $96.00.

AMBA has been the topic of a number of recent analyst reports. Stifel Nicolaus reiterated a “buy” rating and issued a $100.00 price objective (up from $90.00) on shares of Ambarella in a research note on Wednesday, November 26th. Wall Street Zen lowered Ambarella from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. Needham & Company LLC reiterated a “buy” rating and set a $100.00 price target on shares of Ambarella in a report on Wednesday, November 26th. Summit Insights upgraded shares of Ambarella from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 25th. Finally, Rosenblatt Securities boosted their target price on shares of Ambarella from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th.

Insider Activity at Ambarella

In other news, CFO John Alexander Young sold 3,791 shares of the company’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $72.96, for a total transaction of $276,591.36. Following the completion of the transaction, the chief financial officer owned 102,738 shares of the company’s stock, valued at approximately $7,495,764.48. This represents a 3.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Chan W. Lee sold 2,406 shares of Ambarella stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $71.82, for a total value of $172,798.92. Following the sale, the insider directly owned 124,566 shares in the company, valued at approximately $8,946,330.12. This trade represents a 1.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 27,685 shares of company stock worth $2,016,598. Insiders own 5.30% of the company’s stock.

Institutional Trading of Ambarella

A number of institutional investors and hedge funds have recently modified their holdings of AMBA. Flagship Harbor Advisors LLC bought a new position in Ambarella in the fourth quarter worth $48,000. Vista Investment Partners LLC raised its stake in shares of Ambarella by 7.0% in the 4th quarter. Vista Investment Partners LLC now owns 9,318 shares of the semiconductor company’s stock valued at $660,000 after buying an additional 606 shares in the last quarter. SWS Partners lifted its holdings in shares of Ambarella by 16.7% during the 4th quarter. SWS Partners now owns 89,191 shares of the semiconductor company’s stock worth $6,318,000 after acquiring an additional 12,774 shares during the period. Exchange Traded Concepts LLC boosted its position in shares of Ambarella by 30.1% during the 4th quarter. Exchange Traded Concepts LLC now owns 353,101 shares of the semiconductor company’s stock valued at $25,014,000 after acquiring an additional 81,668 shares in the last quarter. Finally, Pallas Capital Advisors LLC boosted its position in shares of Ambarella by 6.5% during the 4th quarter. Pallas Capital Advisors LLC now owns 3,109 shares of the semiconductor company’s stock valued at $220,000 after acquiring an additional 190 shares in the last quarter. 82.09% of the stock is currently owned by institutional investors.

Ambarella Stock Down 2.7%

NASDAQ:AMBA opened at $67.19 on Monday. The company’s 50 day moving average is $73.76 and its 200-day moving average is $76.18. Ambarella has a 12 month low of $38.86 and a 12 month high of $96.69. The firm has a market cap of $2.89 billion, a price-to-earnings ratio of -35.74 and a beta of 1.95.

Ambarella (NASDAQ:AMBA) last posted its quarterly earnings data on Tuesday, November 25th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.06. The business had revenue of $108.45 million during the quarter, compared to the consensus estimate of $104.11 million. Ambarella had a negative net margin of 21.31% and a negative return on equity of 13.02%. Ambarella’s quarterly revenue was up 31.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.11 EPS. Research analysts predict that Ambarella will post -2.81 EPS for the current fiscal year.

Ambarella Company Profile

Ambarella, Inc is a global semiconductor company headquartered in Santa Clara, California, specializing in video compression, image processing and computer vision technologies. The company designs low-power, high-definition system-on-chip (SoC) solutions that enable the capture, processing and streaming of video in a variety of embedded applications. Ambarella’s platforms combine advanced video encoding, multi-core central processing units and hardware accelerators to deliver high-resolution imaging with low power consumption.

Ambarella’s product portfolio caters to multiple markets, including security and surveillance, automotive vision, wearable cameras, drones and robotics.