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

Ambarella, Inc. (NASDAQ:AMBA) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $101.1250.

Several equities analysts recently issued reports on AMBA shares. Stifel Nicolaus set a $106.00 price target on shares of Ambarella in a report on Friday, May 29th. Summit Insights lowered shares of Ambarella from a “buy” rating to a “hold” rating in a report on Friday, May 29th. Bank of America lifted their target price on shares of Ambarella from $72.00 to $96.00 and gave the company a “neutral” rating in a research note on Friday, May 29th. Consumer Edge restated a “buy” rating on shares of Ambarella in a research report on Friday, May 22nd. Finally, Weiss Ratings upgraded Ambarella from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, July 10th.

Insider Buying and Selling

In related news, CFO John Alexander Young sold 5,033 shares of Ambarella stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $67.54, for a total value of $339,928.82. Following the completion of the transaction, the chief financial officer directly owned 112,590 shares of the company’s stock, valued at $7,604,328.60. The trade was a 4.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Yun-Lung Chen sold 5,958 shares of the stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $78.66, for a total transaction of $468,656.28. Following the sale, the vice president directly owned 60,557 shares in the company, valued at approximately $4,763,413.62. This represents a 8.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 91,419 shares of company stock valued at $7,591,700 in the last 90 days. 4.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. GSA Capital Partners LLP increased its position in Ambarella by 145.2% in the fourth quarter. GSA Capital Partners LLP now owns 24,800 shares of the semiconductor company’s stock worth $1,757,000 after purchasing an additional 14,685 shares during the period. Legal & General Group Plc boosted its stake in shares of Ambarella by 18.4% in the 4th quarter. Legal & General Group Plc now owns 614,017 shares of the semiconductor company’s stock valued at $43,497,000 after purchasing an additional 95,218 shares during the last quarter. The Manufacturers Life Insurance Company grew its position 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 worth $81,644,000 after buying an additional 524,937 shares during the period. SBI Okasan Asset Management Co.Ltd. acquired a new stake in shares of Ambarella during the 4th quarter worth approximately $1,345,000. Finally, Vanguard Group Inc. raised its stake in shares of Ambarella by 6.0% during the fourth quarter. Vanguard Group Inc. now owns 5,480,285 shares of the semiconductor company’s stock worth $388,223,000 after buying an additional 311,649 shares during the last quarter. Institutional investors and hedge funds own 82.09% of the company’s stock.

Ambarella Stock Up 2.4%

NASDAQ AMBA opened at $83.79 on Friday. Ambarella has a twelve month low of $48.30 and a twelve month high of $96.69. The stock has a market cap of $3.68 billion, a P/E ratio of -52.04 and a beta of 2.12. The company’s 50-day simple moving average is $71.90 and its 200 day simple moving average is $66.92.

Ambarella (NASDAQ:AMBA) last issued its earnings results on Thursday, May 28th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.11. Ambarella had a negative return on equity of 10.94% and a negative net margin of 17.18%.The business had revenue of $100.36 million during the quarter, compared to analysts’ expectations of $100.12 million. During the same period in the prior year, the firm posted $0.07 EPS. Ambarella’s quarterly revenue was up 16.9% compared to the same quarter last year. 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.