Ambarella (NASDAQ:AMBA) Price Target Raised to $92.00 at Bank of America

Ambarella (NASDAQ:AMBA) had its price target lifted by Bank of America from $90.00 to $92.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a neutral rating on the semiconductor company’s stock.

Several other analysts have also issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $80.00 target price on shares of Ambarella in a research report on Wednesday. Stifel Nicolaus reiterated a “buy” rating and issued a $100.00 price objective (up from $90.00) on shares of Ambarella in a report on Wednesday. Consumer Edge reiterated a “buy” rating on shares of Ambarella in a research note on Friday, November 21st. Needham & Company LLC restated a “buy” rating and issued a $100.00 target price on shares of Ambarella in a research report on Wednesday. Finally, Morgan Stanley lifted their price target on Ambarella from $80.00 to $96.00 and gave the stock an “overweight” rating in a research note on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $96.00.

Ambarella Price Performance

Ambarella stock opened at $73.89 on Wednesday. The stock has a market capitalization of $3.15 billion, a PE ratio of -35.02 and a beta of 2.14. The business has a 50 day simple moving average of $85.05 and a 200-day simple moving average of $72.67. Ambarella has a 12 month low of $38.86 and a 12 month high of $96.69.

Ambarella (NASDAQ:AMBA) last released its quarterly earnings results on Tuesday, November 25th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.06. The firm had revenue of $108.45 million for the quarter, compared to analysts’ expectations of $104.11 million. Ambarella had a negative net margin of 25.46% and a negative return on equity of 14.73%. The firm’s revenue for the quarter was up 31.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.11 EPS. Ambarella has set its Q4 2026 guidance at EPS. On average, equities research analysts anticipate that Ambarella will post -2.81 EPS for the current fiscal year.

Insider Buying and Selling at Ambarella

In other news, CEO Feng-Ming Wang sold 4,928 shares of Ambarella stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $79.43, for a total transaction of $391,431.04. Following the transaction, the chief executive officer owned 788,929 shares in the company, valued at $62,664,630.47. The trade was a 0.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Elizabeth M. Schwarting sold 2,664 shares of the business’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $85.38, for a total transaction of $227,452.32. Following the transaction, the director directly owned 7,314 shares in the company, valued at approximately $624,469.32. The trade was a 26.70% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 35,227 shares of company stock worth $2,875,131. 5.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ambarella

A number of institutional investors have recently bought and sold shares of AMBA. UBS Group AG boosted its holdings in Ambarella by 379.3% in the 3rd quarter. UBS Group AG now owns 821,747 shares of the semiconductor company’s stock valued at $67,811,000 after purchasing an additional 650,306 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Ambarella during the 1st quarter valued at approximately $32,169,000. Jacobs Levy Equity Management Inc. lifted its holdings in Ambarella by 1,635.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 647,788 shares of the semiconductor company’s stock valued at $32,603,000 after acquiring an additional 610,460 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Ambarella by 88.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,232,272 shares of the semiconductor company’s stock valued at $62,020,000 after acquiring an additional 579,917 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new position in shares of Ambarella during the 2nd quarter worth $36,810,000. 82.09% of the stock is owned by hedge funds and other institutional investors.

Ambarella Company Profile

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.