Ambarella, Inc. (NASDAQ:AMBA) Receives Average Rating of “Moderate Buy” from Brokerages

Ambarella, Inc. (NASDAQ:AMBA) has earned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $96.00.

AMBA has been the topic of a number of research reports. Wall Street Zen lowered Ambarella from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. Bank of America increased their target price on Ambarella from $90.00 to $92.00 and gave the company a “neutral” rating in a research report on Wednesday, November 26th. Stifel Nicolaus reissued a “buy” rating and set a $100.00 price target (up from $90.00) on shares of Ambarella in a research note on Wednesday, November 26th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ambarella in a research note on Wednesday, January 21st. Finally, Roth Mkm reiterated a “neutral” rating on shares of Ambarella in a report on Wednesday, November 26th.

Insider Transactions at Ambarella

In other news, CEO Feng-Ming Wang sold 50,000 shares of Ambarella stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $60.80, for a total transaction of $3,040,000.00. Following the transaction, the chief executive officer owned 768,979 shares in the company, valued at approximately $46,753,923.20. The trade was a 6.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Chi-Hong Ju sold 7,728 shares of the business’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $75.58, for a total transaction of $584,082.24. Following the completion of the sale, the vice president directly owned 146,039 shares in the company, valued at approximately $11,037,627.62. This represents a 5.03% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 77,685 shares of company stock worth $5,056,598. 5.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Advisory Services Network LLC acquired a new position in Ambarella during the 3rd quarter worth about $33,000. EverSource Wealth Advisors LLC increased its stake in shares of Ambarella by 362.2% in the second 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 during the period. Total Investment Management Inc. acquired a new stake in shares of Ambarella in the second quarter valued at about $30,000. CoreCap Advisors LLC bought a new position in shares of Ambarella during the third quarter worth about $43,000. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of Ambarella by 162.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 525 shares of the semiconductor company’s stock worth $37,000 after acquiring an additional 325 shares during the period. 82.09% of the stock is owned by institutional investors.

Ambarella Price Performance

Shares of Ambarella stock opened at $53.26 on Tuesday. The company’s 50 day moving average price is $66.04 and its two-hundred day moving average price is $75.61. The firm has a market capitalization of $2.29 billion, a P/E ratio of -29.92 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.

Ambarella (NASDAQ:AMBA) last announced its quarterly earnings results on Thursday, February 26th. The semiconductor company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.03. Ambarella had a negative net margin of 19.42% and a negative return on equity of 12.24%. The company had revenue of $100.87 million during the quarter, compared to the consensus estimate of $100.17 million. During the same period in the prior year, the business earned $0.11 earnings per share. The company’s revenue for the quarter was up 20.1% compared to the same quarter last year. On average, analysts expect that Ambarella will post -2.81 earnings per share for the current 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.