Ambarella, Inc. (AMBA) – What Are Researchers Thinking About This Stock?

Ambarella, Inc. (NASDAQ:AMBA) has been given an average rating of “Hold” by the twelve analysts that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $89.56.

Several analysts have recently issued reports on the stock. Oppenheimer restated a “market perform” rating on shares of Ambarella in a research report on Friday, September 4th. Craig Hallum lowered Ambarella from a “buy” rating to a “hold” rating and set a $70.00 price target for the company. in a research report on Friday, September 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of Ambarella in a research note on Tuesday, October 6th. Bank of America reduced their price objective on Ambarella from $96.00 to $70.00 and set a “neutral” rating on the stock in a research note on Friday, September 4th. Finally, Stifel Nicolaus decreased their price objective on Ambarella from $106.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, September 4th.

Ambarella Stock Performance

AMBA stock traded down $0.94 during trading on Friday, hitting $60.12. 639,677 shares of the company’s stock traded hands, compared to its average volume of 1,489,134. Ambarella has a 52 week low of $48.30 and a 52 week high of $96.36. The business has a fifty day simple moving average of $64.96 and a 200 day simple moving average of $67.09. The stock has a market capitalization of $2.65 billion, a price-to-earnings ratio of -46.60 and a beta of 2.36.

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

Insider Buying and Selling

In other news, VP Chi-Hong Ju sold 2,009 shares of the business’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $64.83, for a total transaction of $130,243.47. Following the transaction, the vice president owned 154,153 shares of the company’s stock, valued at approximately $9,993,738.99. The trade was a 1.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO John Young sold 3,126 shares of the stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $64.83, for a total value of $202,658.58. Following the sale, the chief financial officer owned 109,702 shares in the company, valued at $7,111,980.66. The trade was a 2.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 16,260 shares of company stock worth $1,060,264 in the last 90 days. Company insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AMBA. Apis Capital Advisors LLC raised its stake in shares of Ambarella by 63.6% in the third quarter. Apis Capital Advisors LLC now owns 144,000 shares of the semiconductor company’s stock valued at $10,009,000 after acquiring an additional 56,000 shares during the period. Headlands Technologies LLC bought a new stake in shares of Ambarella in the 3rd quarter worth about $212,000. Polymer Capital Management US LLC lifted its holdings in shares of Ambarella by 16.2% in the 3rd quarter. Polymer Capital Management US LLC now owns 23,648 shares of the semiconductor company’s stock worth $1,644,000 after acquiring an additional 3,293 shares during the last quarter. Gabelli Funds LLC boosted its stake in shares of Ambarella by 88.7% during the 3rd quarter. Gabelli Funds LLC now owns 20,000 shares of the semiconductor company’s stock worth $1,390,000 after purchasing an additional 9,400 shares during the period. Finally, Winslow Asset Management Inc. boosted its stake in shares of Ambarella by 15.6% during the 3rd quarter. Winslow Asset Management Inc. now owns 3,327 shares of the semiconductor company’s stock worth $231,000 after purchasing an additional 450 shares during the period. Institutional investors own 82.09% of the company’s stock.

About Ambarella

Ambarella, Inc. is a fabless semiconductor company that develops system-on-a-chip (SoC) products for video processing and computer vision. Its chips combine image processing, video encoding and artificial intelligence capabilities for devices that capture and analyze visual information. The company’s products are used in applications including automotive systems such as advanced driver-assistance and driver-monitoring systems, security cameras, robotics and other Internet of Things devices. Ambarella also supplies technology for consumer video products, including cameras and drones.