Ambarella, Inc. (NASDAQ:AMBA) Given Average Recommendation of “Moderate Buy” by Brokerages

Ambarella, Inc. (NASDAQ:AMBA) has earned an average rating of “Moderate Buy” from the eleven research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $74.09.

Several research firms recently weighed in on AMBA. Rosenblatt Securities restated a “buy” rating and set a $85.00 price target on shares of Ambarella in a report on Friday, August 23rd. Morgan Stanley upped their target price on Ambarella from $67.00 to $73.00 and gave the company an “overweight” rating in a report on Wednesday, August 28th. Susquehanna cut their price objective on Ambarella from $80.00 to $70.00 and set a “positive” rating on the stock in a research report on Monday, October 21st. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 target price on shares of Ambarella in a research report on Wednesday, August 28th. Finally, Bank of America boosted their price target on shares of Ambarella from $50.00 to $57.00 and gave the stock an “underperform” rating in a report on Wednesday, August 28th.

Ambarella Stock Performance

Shares of AMBA opened at $57.75 on Friday. The firm has a market capitalization of $2.37 billion, a P/E ratio of -13.56 and a beta of 1.62. Ambarella has a 52 week low of $39.69 and a 52 week high of $65.88. The stock has a 50 day moving average price of $55.21 and a two-hundred day moving average price of $52.47.

Ambarella (NASDAQ:AMBA) last announced its quarterly earnings results on Tuesday, August 27th. The semiconductor company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $63.70 million during the quarter, compared to the consensus estimate of $62.10 million. During the same quarter in the prior year, the company posted ($0.76) earnings per share. Ambarella’s revenue was up 2.6% compared to the same quarter last year. On average, equities analysts forecast that Ambarella will post -3 earnings per share for the current year.

Insider Activity at Ambarella

In related news, COO Chan W. Lee sold 1,490 shares of Ambarella stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $53.54, for a total value of $79,774.60. Following the completion of the transaction, the chief operating officer now directly owns 121,406 shares in the company, valued at approximately $6,500,077.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Christopher Day sold 2,904 shares of the 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 sale, the vice president now directly owns 18,466 shares of the company’s stock, valued at approximately $1,071,028. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Chan W. Lee sold 1,490 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $53.54, for a total transaction of $79,774.60. Following the completion of the transaction, the chief operating officer now owns 121,406 shares of the company’s stock, valued at $6,500,077.24. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,423 shares of company stock worth $1,356,402. 5.70% of the stock is owned by corporate insiders.

Institutional Trading of Ambarella

Institutional investors and hedge funds have recently bought and sold shares of the company. Meeder Asset Management Inc. purchased a new stake in shares of Ambarella in the second quarter worth $26,000. Blue Trust Inc. raised its holdings in shares of Ambarella by 180.3% in the 3rd quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 321 shares in the last quarter. CWM LLC boosted its position in shares of Ambarella by 127.7% during the 2nd quarter. CWM LLC now owns 542 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 304 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Ambarella by 389.6% during the third quarter. Signaturefd LLC now owns 661 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 526 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in shares of Ambarella by 62.1% in the second quarter. Van ECK Associates Corp now owns 1,441 shares of the semiconductor company’s stock worth $78,000 after purchasing an additional 552 shares during the last quarter. 82.09% of the stock is currently owned by hedge funds and other institutional investors.

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.