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

Ambarella, Inc. (NASDAQ:AMBA) has been given an average rating of “Moderate Buy” by the fourteen brokerages that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $100.50.

A number of research analysts recently commented on AMBA shares. Summit Insights cut Ambarella from a “buy” rating to a “hold” rating in a report on Friday, May 29th. Susquehanna boosted their price target on Ambarella from $80.00 to $110.00 and gave the stock a “positive” rating in a report on Friday, May 29th. Northland Securities set a $101.00 price target on Ambarella in a report on Wednesday, June 17th. Stifel Nicolaus set a $106.00 price target on Ambarella in a report on Friday, May 29th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $115.00 price target on shares of Ambarella in a report on Tuesday, May 26th.

Insider Buying and Selling at Ambarella

In other news, VP Yun-Lung Chen sold 9,856 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $67.06, for a total transaction of $660,943.36. Following the sale, the vice president directly owned 66,515 shares of the company’s stock, valued at $4,460,495.90. This represents a 12.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John Alexander Young sold 5,033 shares of the stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $67.54, for a total value of $339,928.82. Following the sale, the chief financial officer owned 112,590 shares in the company, valued at $7,604,328.60. The trade was a 4.28% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 60,932 shares of company stock worth $4,873,601. Company insiders own 4.50% of the company’s stock.

Institutional Trading of Ambarella

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisory Services Network LLC purchased a new stake in Ambarella during the 3rd quarter valued at $33,000. EverSource Wealth Advisors LLC raised its holdings in Ambarella by 362.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 416 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 326 shares during the period. Essential Partners LLC raised its holdings in Ambarella by 90.1% during the 1st quarter. Essential Partners LLC now owns 481 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 228 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in Ambarella by 162.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 525 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 325 shares during the period. Finally, Cassaday & Co Wealth Management LLC purchased a new stake in Ambarella during the 1st quarter valued at $30,000. Hedge funds and other institutional investors own 82.09% of the company’s stock.

Ambarella Trading Up 1.1%

Shares of NASDAQ:AMBA opened at $70.71 on Thursday. The stock has a 50 day moving average of $71.28 and a 200 day moving average of $66.67. Ambarella has a 12-month low of $48.30 and a 12-month high of $96.69. The company has a market cap of $3.10 billion, a PE ratio of -43.92 and a beta of 2.15.

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