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

Ambarella, Inc. (NASDAQ:AMBA) has been assigned a consensus rating of “Moderate Buy” from the fourteen analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $96.00.

Several analysts have recently weighed in on AMBA shares. Roth Capital restated a “neutral” rating on shares of Ambarella in a research report on Wednesday, November 26th. Bank of America increased their target price on Ambarella from $90.00 to $92.00 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. Summit Insights upgraded Ambarella from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 25th. Wall Street Zen lowered Ambarella from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Consumer Edge reiterated a “buy” rating on shares of Ambarella in a research report on Friday, November 21st.

Insider Activity at Ambarella

In other Ambarella news, insider Chan W. Lee sold 2,406 shares of Ambarella stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $71.82, for a total transaction of $172,798.92. Following the completion of the transaction, the insider directly owned 124,566 shares of the company’s stock, valued at $8,946,330.12. The trade was a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Feng-Ming Wang sold 4,950 shares of the stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $71.82, for a total value of $355,509.00. Following the completion of the sale, the chief executive officer owned 783,979 shares in the company, valued at approximately $56,305,371.78. The trade was a 0.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 30,069 shares of company stock worth $2,304,686 in the last three months. Corporate insiders own 5.70% of the company’s stock.

Hedge Funds Weigh In On Ambarella

A number of large investors have recently bought and sold shares of AMBA. Bayforest Capital Ltd lifted its holdings in Ambarella by 72.2% during the 2nd quarter. Bayforest Capital Ltd now owns 9,461 shares of the semiconductor company’s stock worth $625,000 after buying an additional 3,966 shares in the last quarter. Creative Planning raised its holdings in Ambarella by 30.8% in the second quarter. Creative Planning now owns 21,569 shares of the semiconductor company’s stock worth $1,425,000 after purchasing an additional 5,085 shares during the period. Sigma Planning Corp bought a new position in Ambarella during the second quarter worth about $373,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of Ambarella during the 2nd quarter valued at about $471,000. Finally, Stanley Laman Group Ltd. acquired a new position in shares of Ambarella in the second quarter valued at approximately $7,344,000. Institutional investors own 82.09% of the company’s stock.

Ambarella Stock Down 1.9%

NASDAQ:AMBA opened at $70.07 on Thursday. The stock has a market cap of $3.02 billion, a P/E ratio of -37.27 and a beta of 1.98. The business’s 50-day moving average price is $80.32 and its two-hundred day moving average price is $75.13. Ambarella has a twelve month low of $38.86 and a twelve month high of $96.69.

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

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.