Ambarella, Inc. (NASDAQ:AMBA) Receives $75.00 Average Price Target from Analysts

Shares of Ambarella, Inc. (NASDAQ:AMBA) have been given an average recommendation of “Moderate Buy” by the eleven analysts that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $75.00.

AMBA has been the subject of several analyst reports. Morgan Stanley increased their price objective on Ambarella from $67.00 to $73.00 and gave the company an “overweight” rating in a report on Wednesday, August 28th. Roth Mkm reissued a “neutral” rating and issued a $60.00 target price on shares of Ambarella in a research report on Wednesday, August 28th. Stifel Nicolaus upped their target price on Ambarella from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, August 28th. Westpark Capital reissued a “buy” rating and issued a $85.00 target price on shares of Ambarella in a research report on Monday, August 26th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $90.00 target price on shares of Ambarella in a research report on Wednesday, August 28th.

Ambarella Stock Down 0.7 %

Ambarella stock opened at $55.78 on Tuesday. Ambarella has a twelve month low of $39.69 and a twelve month high of $65.88. The business has a fifty day moving average of $51.65 and a two-hundred day moving average of $51.70. The firm has a market cap of $2.29 billion, a P/E ratio of -13.09 and a beta of 1.62.

Ambarella (NASDAQ:AMBA) last issued its quarterly earnings data on Tuesday, August 27th. The semiconductor company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.06. Ambarella had a negative return on equity of 26.01% and a negative net margin of 79.46%. The firm had revenue of $63.70 million during the quarter, compared to analyst estimates of $62.10 million. During the same quarter in the prior year, the business posted ($0.76) EPS. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. Equities analysts expect that Ambarella will post -3 earnings per share for the current year.

Insiders Place Their Bets

In other news, COO Chan W. Lee sold 1,490 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $53.54, for a total transaction of $79,774.60. Following the sale, the chief operating officer now directly owns 121,406 shares of the company’s stock, valued at $6,500,077.24. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, COO Chan W. Lee sold 1,490 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $53.54, for a total transaction of $79,774.60. Following the sale, the chief operating officer now directly owns 121,406 shares of the company’s stock, valued at $6,500,077.24. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Feng-Ming Wang sold 4,382 shares of the stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $56.02, for a total transaction of $245,479.64. Following the sale, the chief executive officer now directly owns 803,574 shares in the company, valued at approximately $45,016,215.48. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,423 shares of company stock valued at $1,356,402. Company insiders own 5.70% of the company’s stock.

Institutional Investors Weigh In On Ambarella

Several hedge funds have recently modified their holdings of the company. Meeder Asset Management Inc. purchased a new position in Ambarella in the 2nd quarter valued at about $26,000. CWM LLC lifted its stake in Ambarella by 127.7% in the 2nd quarter. CWM LLC now owns 542 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 304 shares in the last quarter. Van ECK Associates Corp lifted its stake in Ambarella by 62.1% in the 2nd quarter. Van ECK Associates Corp now owns 1,441 shares of the semiconductor company’s stock valued at $78,000 after buying an additional 552 shares in the last quarter. Larson Financial Group LLC lifted its stake in Ambarella by 13,576.9% in the 1st quarter. Larson Financial Group LLC now owns 1,778 shares of the semiconductor company’s stock valued at $90,000 after buying an additional 1,765 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Ambarella by 22.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,275 shares of the semiconductor company’s stock valued at $177,000 after buying an additional 590 shares in the last quarter. 82.09% of the stock is owned by hedge funds and other institutional investors.

About Ambarella

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.