Ambarella, Inc. (NASDAQ:AMBA) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Ambarella, Inc. (NASDAQ:AMBA) have received a consensus rating of “Moderate Buy” from the fourteen analysts that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, seven have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $96.00.

Several brokerages have commented on AMBA. Consumer Edge restated a “buy” rating on shares of Ambarella in a report on Friday, November 21st. Bank of America increased their price objective on shares of Ambarella from $90.00 to $92.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. Oppenheimer reaffirmed a “market perform” rating on shares of Ambarella in a research report on Friday, August 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $80.00 target price on shares of Ambarella in a research note on Wednesday, November 26th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $100.00 price target on shares of Ambarella in a research note on Wednesday, November 26th.

Ambarella Stock Down 0.1%

Shares of NASDAQ AMBA opened at $71.94 on Thursday. Ambarella has a twelve month low of $38.86 and a twelve month high of $96.69. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of -38.27 and a beta of 1.98. The company’s fifty day moving average is $81.08 and its 200-day moving average is $74.63.

Ambarella (NASDAQ:AMBA) last issued its quarterly earnings data on Tuesday, November 25th. The semiconductor company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.21 by $0.06. Ambarella had a negative return on equity of 13.02% and a negative net margin of 21.31%.The business had revenue of $108.45 million for the quarter, compared to the consensus estimate of $104.11 million. During the same quarter last year, the business posted $0.11 EPS. The firm’s revenue was up 31.2% compared to the same quarter last year. On average, research analysts anticipate that Ambarella will post -2.81 EPS for the current fiscal year.

Insiders Place Their Bets

In other Ambarella news, VP Chi-Hong Ju sold 1,342 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $71.82, for a total value of $96,382.44. Following the sale, the vice president owned 157,532 shares in the company, valued at approximately $11,313,948.24. The trade was a 0.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Elizabeth M. Schwarting sold 624 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $72.38, for a total value of $45,165.12. Following the transaction, the director directly owned 6,690 shares of the company’s stock, valued at approximately $484,222.20. This trade represents a 8.53% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 29,569 shares of company stock worth $2,268,596 in the last 90 days. Company insiders own 5.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC lifted its position in Ambarella by 362.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 416 shares of the semiconductor company’s stock worth $27,000 after buying an additional 326 shares in the last quarter. Total Investment Management Inc. bought a new position in shares of Ambarella in the 2nd quarter valued at about $30,000. Advisory Services Network LLC acquired a new stake in shares of Ambarella in the third quarter valued at about $33,000. CoreCap Advisors LLC bought a new stake in Ambarella during the third quarter worth about $43,000. Finally, Advisors Asset Management Inc. raised its holdings in Ambarella by 44.1% during the first 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. Institutional investors own 82.09% of the company’s stock.

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.