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

Shares of Ambarella, Inc. (NASDAQ:AMBA) have been assigned a consensus rating of “Moderate Buy” from the fourteen analysts that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $101.1250.

AMBA has been the topic of a number of recent analyst reports. Rosenblatt Securities lifted their price target on Ambarella from $115.00 to $120.00 in a report on Tuesday, June 30th. Consumer Edge reissued a “buy” rating on shares of Ambarella in a report on Friday, May 22nd. Northland Securities set a $101.00 target price on Ambarella in a research report on Wednesday, June 17th. Summit Insights downgraded Ambarella from a “buy” rating to a “hold” rating in a research note on Friday, May 29th. Finally, Susquehanna boosted their price target on Ambarella from $80.00 to $110.00 and gave the stock a “positive” rating in a research report on Friday, May 29th.

Insider Activity at Ambarella

In related news, insider Chan W. Lee sold 2,951 shares of Ambarella stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $67.87, for a total transaction of $200,284.37. Following the sale, the insider directly owned 157,098 shares in the company, valued at $10,662,241.26. The trade was a 1.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Chi-Hong Ju sold 10,000 shares of the company’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $88.84, for a total transaction of $888,400.00. Following the completion of the sale, the vice president directly owned 155,924 shares of the company’s stock, valued at $13,852,288.16. The trade was a 6.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 93,390 shares of company stock valued at $7,709,960. 4.50% of the stock is owned by corporate insiders.

Institutional Trading of Ambarella

A number of institutional investors have recently made changes to their positions in the stock. Essential Partners LLC boosted its holdings in shares of Ambarella by 90.1% in the first quarter. Essential Partners LLC now owns 481 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 228 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Ambarella by 362.2% during the second quarter. EverSource Wealth Advisors LLC now owns 416 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 326 shares in the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in Ambarella in the first quarter worth approximately $30,000. Financial Management Professionals Inc. acquired a new stake in Ambarella in the second quarter worth approximately $32,000. Finally, Advisory Services Network LLC bought a new position in Ambarella during the 3rd quarter valued at $33,000. 82.09% of the stock is owned by institutional investors and hedge funds.

Ambarella Price Performance

AMBA stock opened at $77.30 on Monday. Ambarella has a fifty-two week low of $48.30 and a fifty-two week high of $96.69. The firm’s 50-day simple moving average is $75.18 and its 200 day simple moving average is $66.67. The stock has a market cap of $3.39 billion, a PE ratio of -48.01 and a beta of 2.11.

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