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

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

Several equities analysts have recently issued reports on AMBA shares. Bank of America upped their price target on Ambarella from $90.00 to $92.00 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $80.00 target price on shares of Ambarella in a research report on Wednesday, November 26th. Consumer Edge reaffirmed a “buy” rating on shares of Ambarella in a research note on Friday, November 21st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ambarella in a research report on Wednesday, January 21st. Finally, Wall Street Zen lowered shares of Ambarella from a “buy” rating to a “hold” rating in a report on Saturday, December 27th.

Insider Buying and Selling

In other news, insider Chan W. Lee sold 2,406 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $71.82, for a total value of $172,798.92. Following the transaction, the insider directly owned 124,566 shares in the company, valued at $8,946,330.12. This trade represents a 1.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO John Alexander Young sold 3,791 shares of the company’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 of the company’s stock, valued at $7,495,764.48. This represents a 3.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 27,685 shares of company stock worth $2,016,598 over the last 90 days. 5.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of AMBA. Royal Bank of Canada increased its stake in Ambarella by 2.1% in the first quarter. Royal Bank of Canada now owns 64,744 shares of the semiconductor company’s stock valued at $3,258,000 after purchasing an additional 1,307 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Ambarella by 44.1% in the 1st quarter. Advisors Asset Management Inc. now owns 935 shares of the semiconductor company’s stock valued at $47,000 after buying an additional 286 shares during the period. AQR Capital Management LLC increased its position in shares of Ambarella by 126.6% in the 1st quarter. AQR Capital Management LLC now owns 84,871 shares of the semiconductor company’s stock valued at $4,272,000 after buying an additional 47,414 shares in the last quarter. Empowered Funds LLC raised its stake in Ambarella by 34.6% during the 1st quarter. Empowered Funds LLC now owns 6,838 shares of the semiconductor company’s stock worth $344,000 after buying an additional 1,758 shares during the period. Finally, Intech Investment Management LLC lifted its holdings in Ambarella by 48.1% during the first quarter. Intech Investment Management LLC now owns 25,586 shares of the semiconductor company’s stock worth $1,288,000 after acquiring an additional 8,306 shares in the last quarter. Institutional investors own 82.09% of the company’s stock.

Ambarella Price Performance

AMBA opened at $65.92 on Friday. The stock has a market capitalization of $2.84 billion, a P/E ratio of -35.06 and a beta of 1.97. The company’s 50 day simple moving average is $69.58 and its 200-day simple moving average is $75.84. Ambarella has a one year low of $38.86 and a one year high of $96.69.

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