Ambarella, Inc. (NASDAQ:AMBA) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Ambarella, Inc. (NASDAQ:AMBAGet Rating) has earned a consensus rating of “Moderate Buy” from the seventeen brokerages that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $137.53.

A number of equities analysts have recently issued reports on the stock. Cowen cut their price objective on shares of Ambarella from $180.00 to $135.00 in a research report on Wednesday, June 1st. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Ambarella from $115.00 to $100.00 in a research report on Wednesday, June 1st. KeyCorp cut their price objective on shares of Ambarella from $160.00 to $120.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 1st. Craig Hallum cut their price objective on shares of Ambarella from $170.00 to $100.00 in a research report on Wednesday, June 1st. Finally, Jefferies Financial Group cut their price objective on shares of Ambarella from $160.00 to $136.00 in a research report on Friday, May 27th.

In other Ambarella news, VP Yun-Lung Chen sold 8,000 shares of Ambarella stock in a transaction that occurred on Tuesday, March 29th. The shares were sold at an average price of $104.22, for a total transaction of $833,760.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Christopher B. Paisley sold 250 shares of Ambarella stock in a transaction that occurred on Tuesday, March 29th. The stock was sold at an average price of $100.05, for a total transaction of $25,012.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,547 shares of company stock worth $1,546,828. Insiders own 6.60% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of Ambarella by 14.9% during the 1st quarter. BlackRock Inc. now owns 4,028,021 shares of the semiconductor company’s stock worth $422,620,000 after purchasing an additional 522,698 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Ambarella by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 3,515,362 shares of the semiconductor company’s stock worth $368,832,000 after purchasing an additional 56,927 shares during the last quarter. Invesco Ltd. increased its stake in shares of Ambarella by 3.2% during the 1st quarter. Invesco Ltd. now owns 1,296,706 shares of the semiconductor company’s stock worth $136,050,000 after purchasing an additional 39,945 shares during the last quarter. State Street Corp increased its stake in shares of Ambarella by 19.7% during the 1st quarter. State Street Corp now owns 1,182,568 shares of the semiconductor company’s stock worth $124,075,000 after purchasing an additional 194,915 shares during the last quarter. Finally, Morgan Stanley increased its stake in shares of Ambarella by 61.7% during the 2nd quarter. Morgan Stanley now owns 690,304 shares of the semiconductor company’s stock worth $73,606,000 after purchasing an additional 263,299 shares during the last quarter. Institutional investors own 75.28% of the company’s stock.

NASDAQ AMBA opened at $68.22 on Wednesday. The stock has a fifty day simple moving average of $79.92 and a 200 day simple moving average of $119.28. Ambarella has a twelve month low of $64.69 and a twelve month high of $227.59. The company has a market capitalization of $2.60 billion, a price-to-earnings ratio of -94.75 and a beta of 1.28.

Ambarella (NASDAQ:AMBAGet Rating) last issued its quarterly earnings results on Tuesday, May 31st. The semiconductor company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.07. Ambarella had a negative return on equity of 4.69% and a negative net margin of 7.50%. The firm had revenue of $90.31 million during the quarter, compared to the consensus estimate of $90.09 million. During the same period last year, the business posted ($0.29) EPS. The business’s revenue was up 28.8% compared to the same quarter last year. Sell-side analysts anticipate that Ambarella will post -1.35 earnings per share for the current year.

About Ambarella (Get Rating)

Ambarella, Inc develops semiconductor solutions for video that enable high-definition (HD) and ultra HD compression, image processing, and deep neural network 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.

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Analyst Recommendations for Ambarella (NASDAQ:AMBA)

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