Ambarella, Inc. (NASDAQ:AMBA) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Ambarella, Inc. (NASDAQ:AMBA) have received a consensus rating of “Moderate Buy” from the fourteen research firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $100.50.

A number of equities analysts have recently commented on AMBA shares. Stifel Nicolaus set a $106.00 target price on shares of Ambarella in a report on Friday, May 29th. Rosenblatt Securities reiterated a “buy” rating and set a $115.00 price target on shares of Ambarella in a research note on Tuesday, May 26th. Consumer Edge reissued a “buy” rating on shares of Ambarella in a report on Friday, May 22nd. Summit Insights downgraded Ambarella from a “buy” rating to a “hold” rating in a report on Friday, May 29th. Finally, Bank of America raised their target price on Ambarella from $72.00 to $96.00 and gave the company a “neutral” rating in a report on Friday, May 29th.

Insider Buying and Selling

In other Ambarella news, CFO John Alexander Young sold 400 shares of Ambarella stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $96.00, for a total transaction of $38,400.00. Following the completion of the transaction, the chief financial officer owned 117,623 shares in the company, valued at approximately $11,291,808. The trade was a 0.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Feng-Ming Wang sold 32,500 shares of Ambarella stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $91.01, for a total transaction of $2,957,825.00. Following the transaction, the chief executive officer owned 806,061 shares of the company’s stock, valued at approximately $73,359,611.61. The trade was a 3.88% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 44,727 shares of company stock worth $3,775,428 in the last quarter. Company insiders own 4.50% of the company’s stock.

Institutional Trading of Ambarella

A number of large investors have recently made changes to their positions in AMBA. Price T Rowe Associates Inc. MD raised its holdings in Ambarella by 2,312.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 864,610 shares of the semiconductor company’s stock valued at $61,250,000 after acquiring an additional 828,773 shares during the last quarter. UBS Group AG increased its stake in Ambarella by 379.3% during the third quarter. UBS Group AG now owns 821,747 shares of the semiconductor company’s stock worth $67,811,000 after acquiring an additional 650,306 shares during the last quarter. Squarepoint Ops LLC acquired a new position in shares of Ambarella during the 2nd quarter valued at $36,810,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Ambarella by 49.5% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,586,082 shares of the semiconductor company’s stock valued at $81,644,000 after acquiring an additional 524,937 shares in the last quarter. Finally, Barclays PLC grew its position in Ambarella by 121.7% in the third quarter. Barclays PLC now owns 775,113 shares of the semiconductor company’s stock valued at $63,962,000 after acquiring an additional 425,546 shares in the last quarter. Institutional investors and hedge funds own 82.09% of the company’s stock.

Ambarella Price Performance

Shares of Ambarella stock opened at $65.88 on Thursday. Ambarella has a 12 month low of $48.30 and a 12 month high of $96.69. The business has a 50-day moving average of $70.22 and a 200 day moving average of $66.71. The stock has a market capitalization of $2.89 billion, a price-to-earnings ratio of -40.92 and a beta of 2.15.

Ambarella (NASDAQ:AMBA) last posted its quarterly earnings results on Thursday, May 28th. The semiconductor company reported $0.11 EPS for the quarter, hitting the consensus estimate of $0.11. Ambarella had a negative net margin of 17.18% and a negative return on equity of 10.94%. The company had revenue of $100.36 million during the quarter, compared to analysts’ expectations of $100.12 million. During the same quarter in the previous year, the business posted $0.07 EPS. The firm’s revenue was up 16.9% on a year-over-year basis. Equities research analysts anticipate that Ambarella will post -1.13 earnings per share for the current 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.