Ambarella (NASDAQ:AMBA) Upgraded to Strong-Buy at Summit Insights

Ambarella (NASDAQ:AMBA) was upgraded by analysts at Summit Insights from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other equities research analysts have also recently weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 price target on shares of Ambarella in a report on Wednesday. Northland Securities lifted their target price on Ambarella from $75.00 to $95.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. BNP Paribas upgraded Ambarella to a “strong-buy” rating in a research report on Friday, August 29th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $80.00 price target on shares of Ambarella in a report on Wednesday. Finally, Bank of America lifted their price objective on shares of Ambarella from $90.00 to $92.00 and gave the company a “neutral” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $96.00.

Ambarella Trading Down 18.8%

Shares of AMBA opened at $73.89 on Tuesday. Ambarella has a 52 week low of $38.86 and a 52 week high of $96.69. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of -35.02 and a beta of 2.14. The stock has a 50 day moving average of $85.05 and a 200-day moving average of $72.67.

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

Insider Buying and Selling at Ambarella

In other Ambarella news, VP Chi-Hong Ju sold 6,156 shares of the business’s stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of $80.96, for a total transaction of $498,389.76. Following the sale, the vice president directly owned 158,874 shares of the company’s stock, valued at $12,862,439.04. The trade was a 3.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Feng-Ming Wang sold 4,928 shares of the company’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $79.43, for a total value of $391,431.04. Following the transaction, the chief executive officer directly owned 788,929 shares in the company, valued at $62,664,630.47. The trade was a 0.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 35,227 shares of company stock valued at $2,875,131 over the last three months. 5.30% of the stock is owned by insiders.

Institutional Trading of Ambarella

A number of institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC lifted its stake in shares of Ambarella by 362.2% in 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 last quarter. Total Investment Management Inc. acquired a new position in Ambarella during the second quarter worth $30,000. Advisory Services Network LLC bought a new position in Ambarella during the third quarter valued at about $33,000. CoreCap Advisors LLC acquired a new stake in shares of Ambarella in the third quarter worth about $43,000. Finally, Advisors Asset Management Inc. boosted its stake in shares of Ambarella by 44.1% during the 1st quarter. Advisors Asset Management Inc. now owns 935 shares of the semiconductor company’s stock worth $47,000 after acquiring an additional 286 shares in the last quarter. 82.09% of the stock is currently owned by institutional investors and hedge funds.

About Ambarella

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.