Ambarella, Inc. (NASDAQ:AMBA) Stock Has Average Target Price of $89.56

Shares of Ambarella, Inc. (NASDAQ:AMBA) have received a consensus recommendation of “Hold” from the twelve research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $89.56.

Several analysts have issued reports on AMBA shares. Weiss Ratings upgraded Ambarella from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, July 10th. Roth Capital decreased their target price on shares of Ambarella from $90.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, September 4th. Stifel Nicolaus dropped their price target on shares of Ambarella from $106.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, September 4th. Northland Securities set a $101.00 price objective on Ambarella in a report on Wednesday, June 17th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $120.00 target price on shares of Ambarella in a research report on Wednesday, September 16th.

Insider Buying and Selling

In other news, VP Yun-Lung Chen sold 5,958 shares of Ambarella stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $78.66, for a total transaction of $468,656.28. Following the completion of the sale, the vice president directly owned 60,557 shares of the company’s stock, valued at approximately $4,763,413.62. The trade was a 8.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO John Young sold 1,896 shares of the business’s stock in a transaction on Friday, September 18th. The shares were sold at an average price of $67.28, for a total transaction of $127,562.88. Following the completion of the sale, the chief financial officer directly owned 107,806 shares of the company’s stock, valued at approximately $7,253,187.68. This trade represents a 1.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 22,218 shares of company stock worth $1,528,920. Corporate insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Essential Partners LLC lifted its position in Ambarella by 90.1% during the 1st quarter. Essential Partners LLC now owns 481 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 228 shares during the period. Cassaday & Co Wealth Management LLC acquired a new position in Ambarella in the 1st quarter valued at $30,000. Financial Management Professionals Inc. purchased a new position in Ambarella during the 2nd quarter worth $32,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Ambarella during the second quarter worth about $34,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Ambarella by 60.6% during the first quarter. EverSource Wealth Advisors LLC now owns 668 shares of the semiconductor company’s stock worth $34,000 after acquiring an additional 252 shares during the period. 82.09% of the stock is currently owned by institutional investors and hedge funds.

Ambarella Stock Performance

AMBA stock opened at $68.65 on Friday. Ambarella has a one year low of $48.30 and a one year high of $96.69. The company’s fifty day moving average price is $72.01 and its 200-day moving average price is $69.08. The company has a market capitalization of $3.03 billion, a PE ratio of -53.22 and a beta of 2.38.

Ambarella (NASDAQ:AMBA) last announced its quarterly earnings data on Thursday, September 3rd. The semiconductor company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The company had revenue of $108.12 million during the quarter, compared to analyst estimates of $107.76 million. Ambarella had a negative net margin of 13.48% and a negative return on equity of 10.03%. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter last year, the business posted $0.15 EPS. On average, research analysts predict that Ambarella will post -1.12 EPS for the current fiscal year.

About Ambarella

Ambarella, Inc is a fabless semiconductor company that develops system-on-chip (SoC) products for edge artificial intelligence, computer vision and video processing applications. Its technologies are designed to help devices capture, analyze and process visual data locally, reducing the need to send all information to cloud-based systems.

The company’s product portfolio includes its CVflow family of edge AI processors, video processors and camera-focused SoCs. These products support applications such as advanced driver-assistance systems and automotive cameras, security and surveillance systems, robotics, industrial automation, consumer cameras and other intelligent imaging devices.

Founded in 2004 and headquartered in Santa Clara, California, Ambarella serves customers and markets internationally.