Ambarella, Inc. (NASDAQ:AMBA) Receives $96.00 Consensus Price Target from Analysts

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

Several equities research analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ambarella in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $80.00 target price on shares of Ambarella in a report on Wednesday, November 26th. Summit Insights upgraded Ambarella from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 25th. Stifel Nicolaus reissued a “buy” rating and set a $100.00 price objective (up previously from $90.00) on shares of Ambarella in a report on Wednesday, November 26th. Finally, Consumer Edge reissued a “buy” rating on shares of Ambarella in a research note on Friday, November 21st.

Ambarella Price Performance

AMBA opened at $68.57 on Monday. The company has a market capitalization of $2.95 billion, a PE ratio of -36.47 and a beta of 1.95. Ambarella has a fifty-two week low of $38.86 and a fifty-two week high of $96.69. The business has a 50-day moving average of $74.56 and a 200-day moving average of $76.22.

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

Insider Buying and Selling

In other news, insider Chan W. Lee sold 2,406 shares of the business’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $71.82, for a total value of $172,798.92. Following the completion of the sale, the insider directly owned 124,566 shares in the company, valued at approximately $8,946,330.12. The trade was a 1.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Chi-Hong Ju sold 7,728 shares of the firm’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $75.58, for a total transaction of $584,082.24. Following the completion of the transaction, the vice president owned 146,039 shares in the company, valued at $11,037,627.62. The trade was a 5.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 27,685 shares of company stock valued at $2,016,598. 5.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Ambarella

A number of institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC boosted its stake 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 purchasing an additional 326 shares during the period. Total Investment Management Inc. acquired a new position in shares of Ambarella during the second quarter worth approximately $30,000. Advisory Services Network LLC bought a new stake in shares of Ambarella in the third quarter valued at approximately $33,000. CoreCap Advisors LLC acquired a new stake in shares of Ambarella in the third quarter worth $43,000. Finally, Advisors Asset Management Inc. grew its stake in shares of Ambarella by 44.1% in the first quarter. Advisors Asset Management Inc. now owns 935 shares of the semiconductor company’s stock worth $47,000 after acquiring an additional 286 shares during the last quarter. 82.09% of the stock is currently owned by institutional investors.

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.