Ambarella, Inc. (NASDAQ:AMBA) Receives $75.00 Consensus Target Price from Brokerages

Ambarella, Inc. (NASDAQ:AMBA) has earned a consensus recommendation of “Moderate Buy” from the eleven brokerages that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $75.00.

AMBA has been the topic of a number of recent analyst reports. Westpark Capital restated a “buy” rating and set a $85.00 price objective on shares of Ambarella in a research note on Monday, August 26th. TD Cowen boosted their price target on shares of Ambarella from $65.00 to $75.00 and gave the stock a “hold” rating in a research report on Wednesday, August 28th. Craig Hallum upped their price target on shares of Ambarella from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. Roth Mkm reiterated a “neutral” rating and set a $60.00 price objective on shares of Ambarella in a research note on Wednesday, August 28th. Finally, Needham & Company LLC restated 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 1.7 %

Shares of NASDAQ:AMBA opened at $56.20 on Tuesday. The company’s 50-day moving average price is $51.59 and its 200 day moving average price is $51.65. The company has a market cap of $2.30 billion, a PE ratio of -13.19 and a beta of 1.62. Ambarella has a fifty-two week low of $39.69 and a fifty-two week high of $65.88.

Ambarella (NASDAQ:AMBA) last released its quarterly earnings results on Tuesday, August 27th. The semiconductor company reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $63.70 million for the quarter, compared to analysts’ expectations of $62.10 million. During the same quarter in the previous year, the company posted ($0.76) earnings per share. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. As a group, equities analysts anticipate that Ambarella will post -3 EPS for the current year.

Insider Buying and Selling at Ambarella

In other Ambarella news, VP Yun-Lung Chen sold 5,963 shares of Ambarella stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $57.56, for a total transaction of $343,230.28. Following the transaction, the vice president now directly owns 62,026 shares in the company, valued at approximately $3,570,216.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, VP Yun-Lung Chen sold 5,963 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $57.56, for a total value of $343,230.28. Following the completion of the sale, the vice president now directly owns 62,026 shares of the company’s stock, valued at approximately $3,570,216.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Christopher Day sold 1,408 shares of the firm’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $61.66, for a total value of $86,817.28. Following the sale, the vice president now owns 21,599 shares of the company’s stock, valued at $1,331,794.34. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,831 shares of company stock valued at $1,443,220. 5.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Ambarella

Institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company raised its holdings in shares of Ambarella by 24.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 533,964 shares of the semiconductor company’s stock valued at $32,727,000 after purchasing an additional 104,072 shares in the last quarter. First National Bank of Omaha raised its holdings in Ambarella by 2.8% during the fourth quarter. First National Bank of Omaha now owns 29,660 shares of the semiconductor company’s stock valued at $1,818,000 after buying an additional 818 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in shares of Ambarella in the fourth quarter worth about $239,000. Vanguard Group Inc. lifted its position in shares of Ambarella by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 4,092,534 shares of the semiconductor company’s stock worth $250,831,000 after buying an additional 69,864 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC bought a new stake in shares of Ambarella during the 1st quarter worth about $277,000. Institutional investors and hedge funds own 82.09% of the company’s stock.

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.