Ambarella, Inc. (NASDAQ:AMBA) Receives $96.00 Average Price Target from Analysts

Ambarella, Inc. (NASDAQ:AMBA) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $96.00.

Several research firms recently commented on AMBA. Roth Mkm reissued a “neutral” rating on shares of Ambarella in a research note on Wednesday, November 26th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ambarella in a research report on Wednesday. Wall Street Zen downgraded shares of Ambarella from a “buy” rating to a “hold” rating in a research note on Saturday, December 27th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $80.00 price objective on shares of Ambarella in a research note on Wednesday, November 26th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $100.00 target price on shares of Ambarella in a research note on Wednesday, November 26th.

Ambarella Stock Down 2.7%

AMBA opened at $67.19 on Monday. The company has a market cap of $2.89 billion, a PE ratio of -35.74 and a beta of 1.95. Ambarella has a twelve month low of $38.86 and a twelve month high of $96.69. The company has a 50-day moving average price of $73.76 and a 200 day moving average price of $76.31.

Ambarella (NASDAQ:AMBA) last posted its quarterly earnings data on Tuesday, November 25th. The semiconductor company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.21 by $0.06. The company had revenue of $108.45 million during the quarter, compared to analyst estimates of $104.11 million. Ambarella had a negative return on equity of 13.02% and a negative net margin of 21.31%.Ambarella’s quarterly revenue was up 31.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.11 EPS. As a group, sell-side analysts expect that Ambarella will post -2.81 earnings per share for the current year.

Insider Activity

In other news, Director Elizabeth M. Schwarting sold 624 shares of the business’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $72.38, for a total transaction of $45,165.12. Following the transaction, the director owned 6,690 shares of the company’s stock, valued at approximately $484,222.20. The trade was a 8.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Chi-Hong Ju sold 7,728 shares of the firm’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $75.58, for a total transaction of $584,082.24. Following the sale, the vice president owned 146,039 shares of the company’s stock, valued at approximately $11,037,627.62. The trade was a 5.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 27,685 shares of company stock valued at $2,016,598 in the last 90 days. 5.70% of the stock is owned by insiders.

Institutional Trading of Ambarella

Several hedge funds have recently made changes to their positions in the company. UBS Group AG raised its position in shares of Ambarella by 379.3% during the 3rd quarter. UBS Group AG now owns 821,747 shares of the semiconductor company’s stock valued at $67,811,000 after buying an additional 650,306 shares during the period. Squarepoint Ops LLC acquired a new stake in Ambarella during the second quarter worth $36,810,000. Barclays PLC raised its position in Ambarella by 121.7% in the third quarter. Barclays PLC now owns 775,113 shares of the semiconductor company’s stock valued at $63,962,000 after purchasing an additional 425,546 shares during the period. Balyasny Asset Management L.P. lifted its stake in shares of Ambarella by 894.7% in the 2nd quarter. Balyasny Asset Management L.P. now owns 459,562 shares of the semiconductor company’s stock valued at $30,361,000 after purchasing an additional 413,362 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in shares of Ambarella by 977.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 227,205 shares of the semiconductor company’s stock valued at $18,749,000 after purchasing an additional 206,121 shares during the last quarter. Hedge funds and other institutional investors own 82.09% of the company’s stock.

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.