Ambarella, Inc. (AMBA) – What Are Researchers Thinking About This Stock?

Ambarella, Inc. (NASDAQ:AMBA) has been assigned a consensus recommendation of “Hold” from the twelve brokerages that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $89.56.

A number of equities analysts have weighed in on the stock. Roth Capital reduced their price objective on shares of Ambarella from $90.00 to $65.00 and set a “neutral” rating for the company in a research report on Friday, September 4th. Bank of America dropped their target price on shares of Ambarella from $96.00 to $70.00 and set a “neutral” rating on the stock in a research report on Friday, September 4th. Needham & Company LLC reissued a “buy” rating on shares of Ambarella in a research note on Friday, September 4th. Oppenheimer reissued a “market perform” rating on shares of Ambarella in a research note on Friday, September 4th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Ambarella in a research report on Tuesday, October 6th.

Ambarella Stock Up 0.4%

Ambarella stock opened at $67.12 on Wednesday. Ambarella has a 52 week low of $48.30 and a 52 week high of $96.69. The business’s 50-day moving average price is $67.31 and its 200 day moving average price is $67.48.

Ambarella (NASDAQ:AMBA) last posted its earnings results 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 firm had revenue of $108.12 million for the quarter, compared to analysts’ expectations of $107.76 million. Ambarella’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period last year, the firm earned $0.15 earnings per share. Sell-side analysts forecast that Ambarella will post -1.12 EPS for the current fiscal year.

Insider Transactions at Ambarella

In other news, VP Chi-Hong Ju sold 2,009 shares of the company’s stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $64.83, for a total transaction of $130,243.47. Following the completion of the sale, the vice president owned 154,153 shares of the company’s stock, valued at $9,993,738.99. This represents a 1.29% 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, insider Chan W. Lee sold 2,893 shares of the company’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $64.83, for a total transaction of $187,553.19. Following the sale, the insider directly owned 154,443 shares of the company’s stock, valued at $10,012,539.69. The trade was a 1.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 16,260 shares of company stock valued at $1,060,264. Insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On Ambarella

Hedge funds and other institutional investors have recently modified their holdings of the business. Essential Partners LLC boosted its holdings in shares of 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. Lazard Asset Management LLC increased its holdings in shares of Ambarella by 1.7% in the first quarter. Lazard Asset Management LLC now owns 14,069 shares of the semiconductor company’s stock valued at $724,000 after purchasing an additional 234 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Ambarella by 2.2% in the second quarter. Arizona State Retirement System now owns 11,479 shares of the semiconductor company’s stock valued at $985,000 after purchasing an additional 246 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Ambarella by 60.6% during the first quarter. EverSource Wealth Advisors LLC now owns 668 shares of the semiconductor company’s stock worth $34,000 after buying an additional 252 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd lifted its position in Ambarella by 0.6% during the first quarter. Y Intercept Hong Kong Ltd now owns 43,068 shares of the semiconductor company’s stock worth $2,217,000 after buying an additional 264 shares in the last quarter. 82.09% of the stock is owned by hedge funds and other institutional investors.

Ambarella Company Profile

Ambarella, Inc (NASDAQ:AMBA) is a fabless semiconductor company that develops low-power system-on-chip (SoC) solutions for video processing, computer vision and artificial intelligence at the edge. Its technologies are designed to process and analyze visual data locally in devices, reducing the need to transmit data to centralized cloud systems.

The company’s product portfolio includes video-processing SoCs and its CVflow family of artificial intelligence processors. These products support applications such as security cameras, automotive cameras and advanced driver-assistance systems, robotics, industrial automation, consumer devices and other intelligent imaging systems.