Ambarella, Inc. (NASDAQ:AMBA) Receives $71.08 Average Price Target from Brokerages

Ambarella, Inc. (NASDAQ:AMBA) has earned an average rating of “Moderate Buy” from the twelve research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $71.08.

A number of research analysts recently weighed in on AMBA shares. Bank of America lowered their price objective on shares of Ambarella from $62.00 to $50.00 and set an “underperform” rating on the stock in a research report on Tuesday, April 16th. Needham & Company LLC reissued a “buy” rating and set a $90.00 price target on shares of Ambarella in a report on Wednesday, February 28th. Susquehanna lifted their price objective on Ambarella from $70.00 to $80.00 and gave the stock a “positive” rating in a report on Wednesday, February 28th. Morgan Stanley upped their price objective on Ambarella from $67.00 to $73.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. Finally, StockNews.com upgraded Ambarella to a “sell” rating in a research note on Friday, April 26th.

Ambarella Price Performance

AMBA stock opened at $47.82 on Friday. The stock has a market capitalization of $1.96 billion, a P/E ratio of -11.28 and a beta of 1.65. Ambarella has a 1-year low of $40.31 and a 1-year high of $89.18. The business has a fifty day moving average price of $49.44 and a 200-day moving average price of $53.22.

Ambarella (NASDAQ:AMBA) last issued its earnings results on Tuesday, February 27th. The semiconductor company reported ($0.95) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.98) by $0.03. The business had revenue of $51.62 million during the quarter, compared to analyst estimates of $51.68 million. Ambarella had a negative return on equity of 23.78% and a negative net margin of 74.81%. As a group, analysts anticipate that Ambarella will post -3.53 earnings per share for the current year.

Insider Buying and Selling

In other Ambarella news, CEO Feng-Ming Wang sold 2,173 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $49.27, for a total value of $107,063.71. Following the completion of the transaction, the chief executive officer now directly owns 806,632 shares in the company, valued at $39,742,758.64. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, COO Chan W. Lee sold 1,075 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $49.27, for a total transaction of $52,965.25. Following the completion of the sale, the chief operating officer now owns 124,146 shares in the company, valued at $6,116,673.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Feng-Ming Wang sold 2,173 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $49.27, for a total value of $107,063.71. Following the completion of the transaction, the chief executive officer now directly owns 806,632 shares in the company, valued at $39,742,758.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,648 shares of company stock valued at $327,595. 5.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ambarella

Several institutional investors and hedge funds have recently modified their holdings of AMBA. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Ambarella by 2.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,207 shares of the semiconductor company’s stock worth $442,000 after acquiring an additional 195 shares during the last quarter. White Pine Capital LLC lifted its stake in Ambarella by 3.2% in the 4th quarter. White Pine Capital LLC now owns 7,552 shares of the semiconductor company’s stock worth $463,000 after purchasing an additional 234 shares in the last quarter. Sheets Smith Wealth Management boosted its holdings in shares of Ambarella by 4.4% during the 4th quarter. Sheets Smith Wealth Management now owns 6,588 shares of the semiconductor company’s stock valued at $404,000 after purchasing an additional 275 shares during the last quarter. Mcdonald Partners LLC grew its position in shares of Ambarella by 1.5% during the third quarter. Mcdonald Partners LLC now owns 20,771 shares of the semiconductor company’s stock valued at $1,101,000 after purchasing an additional 300 shares in the last quarter. Finally, Raymond James & Associates increased its holdings in shares of Ambarella by 2.8% in the fourth quarter. Raymond James & Associates now owns 11,114 shares of the semiconductor company’s stock worth $681,000 after purchasing an additional 307 shares during the last quarter. Institutional investors own 82.09% of the company’s stock.

Ambarella Company Profile

Ambarella, Inc develops semiconductor solutions that enable high-definition (HD) and ultra HD compression, image signal processing, and artificial intelligence 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.