Ambarella, Inc. (NASDAQ:AMBA) Given Average Recommendation of “Hold” by Analysts

Shares of Ambarella, Inc. (NASDAQ:AMBA) have been given a consensus recommendation of “Hold” by the twelve research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $89.5556.

A number of brokerages have issued reports on AMBA. Summit Insights cut shares of Ambarella from a “buy” rating to a “hold” rating in a research note on Friday, May 29th. Consumer Edge reissued a “buy” rating on shares of Ambarella in a research note on Friday, May 22nd. Susquehanna raised their price target on Ambarella from $80.00 to $110.00 and gave the stock a “positive” rating in a research report on Friday, May 29th. Rosenblatt Securities reaffirmed a “buy” rating and set a $120.00 price objective on shares of Ambarella in a research note on Monday, August 31st. Finally, Needham & Company LLC reiterated a “buy” rating on shares of Ambarella in a report on Friday.

Insider Activity

In other news, VP Chi-Hong Ju sold 10,000 shares of the business’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $88.84, for a total transaction of $888,400.00. Following the completion of the transaction, the vice president directly owned 155,924 shares in the company, valued at approximately $13,852,288.16. The trade was a 6.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Chan Lee sold 2,951 shares of the company’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $67.87, for a total value of $200,284.37. Following the completion of the sale, the insider directly owned 157,098 shares of the company’s stock, valued at approximately $10,662,241.26. This trade represents a 1.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 58,519 shares of company stock valued at $4,595,475. Insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Ambarella

Several large investors have recently bought and sold shares of AMBA. Essential Partners LLC boosted its position in shares of Ambarella by 90.1% during the first quarter. Essential Partners LLC now owns 481 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 228 shares in the last quarter. EverSource Wealth Advisors LLC increased its position 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 buying an additional 326 shares in the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in Ambarella during the 1st quarter worth $30,000. Financial Management Professionals Inc. acquired a new stake in Ambarella during the 2nd quarter worth $32,000. Finally, Advisory Services Network LLC bought a new position in Ambarella during the third quarter worth about $33,000. Institutional investors own 82.09% of the company’s stock.

Ambarella Price Performance

AMBA stock opened at $62.89 on Tuesday. The company has a market cap of $2.76 billion, a P/E ratio of -48.75 and a beta of 2.09. Ambarella has a twelve month low of $48.30 and a twelve month high of $96.69. The business has a fifty day moving average of $74.25 and a 200-day moving average of $68.19.

Ambarella (NASDAQ:AMBA) last released its earnings results on Thursday, September 3rd. The semiconductor company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The company had revenue of $108.12 million for the quarter, compared to the consensus estimate of $107.76 million. Ambarella had a negative net margin of 13.48% and a negative return on equity of 10.12%. The company’s revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.15 EPS. As a group, equities research analysts anticipate 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.