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

Shares of Ambarella, Inc. (NASDAQ:AMBA) have been assigned an average rating of “Moderate Buy” from the fourteen research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $100.50.

A number of research firms have commented on AMBA. Summit Insights downgraded shares of Ambarella from a “buy” rating to a “hold” rating in a research report on Friday, May 29th. Susquehanna lifted their price target on shares of Ambarella from $80.00 to $110.00 and gave the stock a “positive” rating in a research note on Friday, May 29th. Northland Securities set a $101.00 target price on shares of Ambarella in a research note on Wednesday, June 17th. Rosenblatt Securities reiterated a “buy” rating and issued a $115.00 price target on shares of Ambarella in a research report on Tuesday, May 26th. Finally, Bank of America increased their price objective on shares of Ambarella from $72.00 to $96.00 and gave the stock a “neutral” rating in a research note on Friday, May 29th.

Ambarella Trading Down 3.8%

Ambarella stock opened at $62.99 on Thursday. The business’s fifty day simple moving average is $71.71 and its two-hundred day simple moving average is $66.58. Ambarella has a 12 month low of $48.30 and a 12 month high of $96.69. The company has a market capitalization of $2.76 billion, a price-to-earnings ratio of -39.12 and a beta of 2.15.

Ambarella (NASDAQ:AMBA) last issued its earnings results on Thursday, May 28th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. Ambarella had a negative net margin of 17.18% and a negative return on equity of 10.94%. The firm had revenue of $100.36 million for the quarter, compared to the consensus estimate of $100.12 million. During the same quarter in the prior year, the firm posted $0.07 earnings per share. The business’s revenue was up 16.9% on a year-over-year basis. On average, equities research analysts predict that Ambarella will post -1.13 EPS for the current year.

Insider Activity

In other news, CFO John Alexander Young sold 5,033 shares of the stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $67.54, for a total transaction of $339,928.82. Following the completion of the transaction, the chief financial officer directly owned 112,590 shares in the company, valued at approximately $7,604,328.60. This represents a 4.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Chan W. Lee sold 2,951 shares of Ambarella stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $67.87, for a total value of $200,284.37. Following the completion of the transaction, the insider owned 157,098 shares of the company’s stock, valued at approximately $10,662,241.26. This trade represents a 1.84% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 60,932 shares of company stock valued at $4,873,601. 4.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ambarella

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Western Wealth Management LLC purchased a new position in Ambarella in the first quarter valued at about $129,000. Pacer Advisors Inc. grew its stake in Ambarella by 26.7% during the 1st quarter. Pacer Advisors Inc. now owns 5,360 shares of the semiconductor company’s stock worth $276,000 after buying an additional 1,129 shares during the last quarter. Essential Partners LLC grew 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 purchasing an additional 228 shares during the last quarter. Cim Investment Management Inc. increased its stake in Ambarella by 43.2% during the 1st quarter. Cim Investment Management Inc. now owns 5,998 shares of the semiconductor company’s stock valued at $309,000 after purchasing an additional 1,810 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in Ambarella by 7.8% during the 1st quarter. Bank of America Corp DE now owns 481,758 shares of the semiconductor company’s stock valued at $24,798,000 after purchasing an additional 34,843 shares in the last quarter. 82.09% of the stock is owned by institutional investors.

About Ambarella

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.