Ambarella’s (AMBA) “Buy” Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reiterated their buy rating on shares of Ambarella (NASDAQ:AMBA) in a report published on Wednesday morning,Benzinga reports. They currently have a $120.00 target price on the semiconductor company’s stock.

Several other brokerages have also recently commented on AMBA. Susquehanna increased their price target on Ambarella from $80.00 to $110.00 and gave the company a “positive” rating in a research report on Friday, May 29th. Stifel Nicolaus lowered their price target on Ambarella from $106.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, September 4th. Summit Insights lowered Ambarella from a “buy” rating to a “hold” rating in a research report on Friday, May 29th. Oppenheimer reiterated a “market perform” rating on shares of Ambarella in a research note on Friday, September 4th. Finally, Needham & Company LLC reissued a “buy” rating on shares of Ambarella in a report on Friday, September 4th. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $89.56.

Ambarella Price Performance

Shares of NASDAQ:AMBA opened at $66.15 on Wednesday. The company’s 50-day moving average price is $71.84 and its two-hundred day moving average price is $68.08. Ambarella has a one year low of $48.30 and a one year high of $96.69. The stock has a market capitalization of $2.92 billion, a PE ratio of -51.28 and a beta of 2.09.

Ambarella (NASDAQ:AMBA) last announced its quarterly earnings data on Thursday, September 3rd. The semiconductor company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.01. The company had revenue of $108.12 million during the quarter, compared to analysts’ expectations of $107.76 million. Ambarella had a negative return on equity of 10.03% and a negative net margin of 13.48%.Ambarella’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.15 EPS. On average, analysts anticipate that Ambarella will post -1.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, VP Yun-Lung Chen sold 5,958 shares of the firm’s stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $78.66, for a total value of $468,656.28. Following the completion of the sale, the vice president directly owned 60,557 shares in the company, valued at approximately $4,763,413.62. This trade represents a 8.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO John Young sold 3,126 shares of Ambarella stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $64.83, for a total value of $202,658.58. Following the transaction, the chief financial officer owned 109,702 shares of the company’s stock, valued at $7,111,980.66. The trade was a 2.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 46,572 shares of company stock worth $3,751,369 in the last three months. Insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Jericho Capital Asset Management L.P. raised its stake in Ambarella by 30.8% in the 4th quarter. Jericho Capital Asset Management L.P. now owns 1,587,081 shares of the semiconductor company’s stock valued at $112,429,000 after acquiring an additional 373,734 shares during the period. The Manufacturers Life Insurance Company boosted its position in Ambarella by 49.5% during the first quarter. The Manufacturers Life Insurance Company now owns 1,586,082 shares of the semiconductor company’s stock worth $81,644,000 after purchasing an additional 524,937 shares during the period. Geode Capital Management LLC increased its holdings in shares of Ambarella by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 1,020,527 shares of the semiconductor company’s stock valued at $72,305,000 after purchasing an additional 35,510 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Ambarella by 18.4% in the fourth quarter. Legal & General Group Plc now owns 614,017 shares of the semiconductor company’s stock valued at $43,497,000 after purchasing an additional 95,218 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Ambarella by 28.1% in the first quarter. Dimensional Fund Advisors LP now owns 638,587 shares of the semiconductor company’s stock valued at $32,866,000 after purchasing an additional 139,928 shares during the period. 82.09% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Ambarella

Here are the key news stories impacting Ambarella this week:

• Positive Sentiment: Rosenblatt Securities issued a Buy rating. The recommendation could bolster confidence in Ambarella’s growth prospects and provide support for the shares. Ambarella Earns Buy Rating from Rosenblatt Securities
• Neutral Sentiment: Ambarella presented at Piper Sandler’s 5th Annual Growth Frontiers Conference. The available report identifies the company’s participation but does not highlight a new financial forecast, contract, or other material announcement likely to change valuation. Ambarella Presents at Piper Sandler Growth Frontiers Conference
• Negative Sentiment: Several senior executives reported stock sales. CEO Feng-Ming Wang, CFO John Young, VP Chi-Hong Ju and insider Chan Lee collectively sold 14,114 shares for approximately $915,011. The transactions reduced their respective holdings by about 0.79% to 2.77%. While these sales may reflect routine diversification or compensation-related activity rather than a change in business outlook, the concentration of selling by top executives can weigh on investor sentiment. Ambarella CFO Insider Sale Filing

Ambarella Company Profile

Ambarella, Inc is a fabless semiconductor company that develops low-power system-on-chip (SoC) solutions for video processing and artificial intelligence at the edge. Its technology is designed to help devices capture, process, analyze and transmit high-quality video while reducing the need to send data to cloud-based systems.

The company’s product portfolio includes its CVflow family of AI vision processors, video processors and related software. These solutions support computer vision and machine learning applications in security cameras, automotive systems, advanced driver-assistance systems, robotics, industrial equipment and consumer devices.

Founded in 2004 and headquartered in Santa Clara, California, Ambarella serves customers and markets globally through its semiconductor products and technology partnerships.