Ambarella, Inc. (NASDAQ:AMBA) Receives $69.75 Consensus PT from Analysts

Shares of Ambarella, Inc. (NASDAQ:AMBA) have been assigned a consensus recommendation of “Moderate Buy” from the twelve analysts that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $69.75.

Several analysts recently commented on AMBA shares. Needham & Company LLC restated a “buy” rating and set a $90.00 price target on shares of Ambarella in a report on Friday, May 31st. Rosenblatt Securities restated a “buy” rating and set a $85.00 price target on shares of Ambarella in a report on Tuesday, June 11th. StockNews.com upgraded Ambarella to a “sell” rating in a report on Friday, April 26th. Morgan Stanley boosted their target price on Ambarella from $57.00 to $67.00 and gave the company an “overweight” rating in a research note on Friday, May 31st. Finally, Wells Fargo & Company cut their price target on Ambarella from $65.00 to $55.00 and set an “equal weight” rating for the company in a research note on Friday, May 31st.

Insiders Place Their Bets

In other news, VP Chi-Hong Ju sold 2,296 shares of Ambarella stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $56.79, for a total value of $130,389.84. Following the transaction, the vice president now owns 182,147 shares of the company’s stock, valued at $10,344,128.13. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Ambarella news, VP Chi-Hong Ju sold 2,296 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $56.79, for a total transaction of $130,389.84. Following the completion of the sale, the vice president now directly owns 182,147 shares in the company, valued at $10,344,128.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Christopher Day sold 1,408 shares of the firm’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $61.66, for a total value of $86,817.28. Following the completion of the sale, the vice president now directly owns 21,599 shares in the company, valued at $1,331,794.34. The disclosure for this sale can be found here. Insiders sold 20,499 shares of company stock valued at $1,137,787 over the last 90 days. 5.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Raymond James & Associates increased its position in Ambarella by 2.8% during the fourth quarter. Raymond James & Associates now owns 11,114 shares of the semiconductor company’s stock worth $681,000 after acquiring an additional 307 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in shares of Ambarella during the fourth quarter valued at about $78,000. Allspring Global Investments Holdings LLC raised its position in shares of Ambarella by 1.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 135,118 shares of the semiconductor company’s stock valued at $8,281,000 after buying an additional 1,775 shares during the last quarter. Cerity Partners LLC bought a new stake in shares of Ambarella in the fourth quarter valued at about $264,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Ambarella by 2.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,207 shares of the semiconductor company’s stock worth $442,000 after buying an additional 195 shares in the last quarter. 82.09% of the stock is currently owned by institutional investors and hedge funds.

Ambarella Stock Up 0.1 %

AMBA opened at $47.57 on Monday. The firm has a market capitalization of $1.95 billion, a P/E ratio of -11.17 and a beta of 1.59. The stock has a fifty day moving average of $53.70 and a 200-day moving average of $51.69. Ambarella has a 12-month low of $39.69 and a 12-month high of $76.36.

Ambarella (NASDAQ:AMBA) last posted its quarterly earnings results on Thursday, May 30th. The semiconductor company reported ($0.89) earnings per share for the quarter, beating the consensus estimate of ($0.98) by $0.09. Ambarella had a negative return on equity of 24.86% and a negative net margin of 78.36%. The firm had revenue of $54.47 million for the quarter, compared to analyst estimates of $54.04 million. On average, analysts expect that Ambarella will post -3.35 earnings per share for the current fiscal year.

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.