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

Shares of Ambarella, Inc. (NASDAQ:AMBA) have been given an average recommendation of “Moderate Buy” by the eleven brokerages that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $74.09.

A number of equities analysts recently commented on AMBA shares. Bank of America lifted their target price on shares of Ambarella from $50.00 to $57.00 and gave the stock an “underperform” rating in a research report on Wednesday, August 28th. Needham & Company LLC reissued a “buy” rating and issued a $90.00 target price on shares of Ambarella in a research note on Wednesday, August 28th. TD Cowen raised their price target on Ambarella from $65.00 to $75.00 and gave the stock a “hold” rating in a research report on Wednesday, August 28th. Roth Mkm reiterated a “neutral” rating and issued a $60.00 price objective on shares of Ambarella in a research report on Wednesday, August 28th. Finally, Craig Hallum raised their target price on shares of Ambarella from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th.

Ambarella Stock Up 0.8 %

Shares of AMBA stock opened at $57.75 on Friday. The business has a 50-day moving average price of $55.21 and a two-hundred day moving average price of $52.47. Ambarella has a 12-month low of $39.69 and a 12-month high of $65.88. The firm has a market cap of $2.37 billion, a P/E ratio of -13.56 and a beta of 1.62.

Ambarella (NASDAQ:AMBA) last released its earnings results on Tuesday, August 27th. The semiconductor company reported ($0.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.06. Ambarella had a negative return on equity of 26.01% and a negative net margin of 79.46%. The company had revenue of $63.70 million during the quarter, compared to the consensus estimate of $62.10 million. During the same quarter in the previous year, the company posted ($0.76) EPS. Ambarella’s quarterly revenue was up 2.6% compared to the same quarter last year. As a group, research analysts expect that Ambarella will post -3 EPS for the current fiscal year.

Insider Transactions at Ambarella

In related news, VP Christopher Day sold 2,904 shares of the company’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $58.00, for a total value of $168,432.00. Following the transaction, the vice president now owns 18,466 shares in the company, valued at $1,071,028. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Elizabeth M. Schwarting sold 913 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $54.74, for a total value of $49,977.62. Following the completion of the transaction, the director now directly owns 8,155 shares in the company, valued at $446,404.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Christopher Day sold 2,904 shares of the company’s stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $58.00, for a total value of $168,432.00. Following the completion of the transaction, the vice president now directly owns 18,466 shares in the company, valued at $1,071,028. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,423 shares of company stock valued at $1,356,402. Insiders own 5.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of AMBA. Azzad Asset Management Inc. ADV increased its holdings in Ambarella by 2.4% in the 2nd quarter. Azzad Asset Management Inc. ADV now owns 9,983 shares of the semiconductor company’s stock worth $539,000 after buying an additional 231 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Ambarella by 6.4% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,767 shares of the semiconductor company’s stock valued at $269,000 after purchasing an additional 285 shares during the last quarter. Linden Thomas Advisory Services LLC lifted its position in Ambarella by 1.7% during the second quarter. Linden Thomas Advisory Services LLC now owns 17,522 shares of the semiconductor company’s stock valued at $945,000 after purchasing an additional 288 shares during the period. CWM LLC boosted its holdings in Ambarella by 127.7% in the second quarter. CWM LLC now owns 542 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 304 shares during the last quarter. Finally, Blue Trust Inc. grew its position in Ambarella by 180.3% in the 3rd quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 321 shares during the period. Hedge funds and other institutional investors own 82.09% of the company’s stock.

About Ambarella

Ambarella, Inc develops semiconductor solutions that enable high-definition (HD) and ultra HD compression, image signal processing, and artificial intelligence processing worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, artificial intelligence computer vision algorithms, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.