AMBA has been the topic of a number of other research reports. Morgan Stanley raised their price target on Ambarella from $61.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Craig Hallum raised their price target on Ambarella from $62.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Bank of America raised their price target on Ambarella from $50.00 to $53.00 and gave the stock an “underperform” rating in a research note on Tuesday, November 26th. Finally, Stifel Nicolaus increased their price objective on Ambarella from $54.00 to $55.00 and gave the stock a “hold” rating in a research report on Tuesday, November 26th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. Ambarella currently has an average rating of “Hold” and a consensus price target of $62.89.
NASDAQ:AMBA opened at $71.52 on Friday. The stock’s 50 day moving average price is $62.29 and its 200 day moving average price is $56.61. The company has a market capitalization of $2.40 billion, a PE ratio of -64.43 and a beta of 1.31. The company has a quick ratio of 8.42, a current ratio of 8.81 and a debt-to-equity ratio of 0.02. Ambarella has a 52-week low of $36.68 and a 52-week high of $73.59.
Ambarella (NASDAQ:AMBA) last released its quarterly earnings results on Monday, November 25th. The semiconductor company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.54. The firm had revenue of $67.90 million for the quarter, compared to the consensus estimate of $65.00 million. Ambarella had a negative return on equity of 9.51% and a negative net margin of 16.33%. The firm’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 EPS. As a group, sell-side analysts anticipate that Ambarella will post -1.02 EPS for the current fiscal year.
In other Ambarella news, CFO Kevin C. Eichler sold 3,631 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $56.31, for a total transaction of $204,461.61. Following the completion of the sale, the chief financial officer now directly owns 24,025 shares of the company’s stock, valued at approximately $1,352,847.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Christopher Day sold 641 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $56.31, for a total value of $36,094.71. Following the sale, the vice president now directly owns 6,705 shares of the company’s stock, valued at $377,558.55. The disclosure for this sale can be found here. Insiders have sold a total of 12,808 shares of company stock valued at $724,919 over the last ninety days. 6.31% of the stock is owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. State Street Corp lifted its holdings in shares of Ambarella by 5.3% in the 3rd quarter. State Street Corp now owns 648,808 shares of the semiconductor company’s stock valued at $40,768,000 after buying an additional 32,932 shares during the period. Rhumbline Advisers lifted its holdings in shares of Ambarella by 3.0% in the 3rd quarter. Rhumbline Advisers now owns 47,160 shares of the semiconductor company’s stock valued at $2,963,000 after buying an additional 1,364 shares during the period. Columbus Circle Investors lifted its holdings in shares of Ambarella by 99.2% in the 3rd quarter. Columbus Circle Investors now owns 527,032 shares of the semiconductor company’s stock valued at $33,116,000 after buying an additional 262,519 shares during the period. Gamco Investors INC. ET AL acquired a new stake in shares of Ambarella in the 3rd quarter valued at approximately $366,000. Finally, SG Americas Securities LLC lifted its holdings in shares of Ambarella by 150.5% in the 3rd quarter. SG Americas Securities LLC now owns 33,731 shares of the semiconductor company’s stock valued at $2,119,000 after buying an additional 20,263 shares during the period. 74.71% of the stock is owned by institutional investors and hedge funds.
Ambarella, Inc develops semiconductor processing solutions for video that enable high-definition (HD), video capture, analysis, sharing, and display worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, computer vision functionality, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.
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