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

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

A number of equities analysts have recently issued reports on AMBA shares. Roth Capital restated a “neutral” rating 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, October 8th. Rosenblatt Securities lifted their target price on shares of Ambarella from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Wall Street Zen lowered Ambarella from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. Finally, Summit Insights raised Ambarella from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 25th.

Ambarella Price Performance

Shares of AMBA opened at $68.73 on Monday. The company’s fifty day moving average price is $76.17 and its 200 day moving average price is $76.28. Ambarella has a one year low of $38.86 and a one year high of $96.69. The company has a market capitalization of $2.96 billion, a PE ratio of -36.56 and a beta of 1.95.

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

Insider Buying and Selling at Ambarella

In other Ambarella news, CFO John Alexander Young sold 3,791 shares of the firm’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $72.96, for a total value of $276,591.36. Following the completion of the sale, the chief financial officer owned 102,738 shares in the company, valued at approximately $7,495,764.48. This trade represents a 3.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Chan W. Lee sold 2,406 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $71.82, for a total transaction of $172,798.92. Following the completion of the transaction, the insider directly owned 124,566 shares of the company’s stock, valued at approximately $8,946,330.12. This represents a 1.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 27,685 shares of company stock worth $2,016,598 over the last quarter. Corporate insiders own 5.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Bayforest Capital Ltd increased its holdings in shares of Ambarella by 72.2% in the second quarter. Bayforest Capital Ltd now owns 9,461 shares of the semiconductor company’s stock worth $625,000 after acquiring an additional 3,966 shares in the last quarter. Creative Planning raised its stake in shares of Ambarella by 30.8% in the 2nd quarter. Creative Planning now owns 21,569 shares of the semiconductor company’s stock valued at $1,425,000 after purchasing an additional 5,085 shares during the period. Sigma Planning Corp bought a new stake in shares of Ambarella in the second quarter valued at about $373,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of Ambarella during the second quarter worth about $471,000. Finally, Asset Management One Co. Ltd. lifted its stake in Ambarella by 268.8% in the 2nd quarter. Asset Management One Co. Ltd. now owns 5,407 shares of the semiconductor company’s stock valued at $357,000 after acquiring an additional 3,941 shares in the last quarter. 82.09% of the stock is currently owned by institutional investors and hedge funds.

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.