Analysts Set Ambarella, Inc. (NASDAQ:AMBA) PT at $74.09

Ambarella, Inc. (NASDAQ:AMBA) has been assigned a consensus rating of “Moderate Buy” from the eleven brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $74.09.

A number of equities analysts have recently weighed in on the stock. Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 target price on shares of Ambarella in a research note on Friday, August 23rd. Craig Hallum increased their price objective on shares of Ambarella from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Susquehanna lowered their target price on shares of Ambarella from $80.00 to $70.00 and set a “positive” rating for the company in a report on Monday, October 21st. Bank of America upped their price target on shares of Ambarella from $50.00 to $57.00 and gave the stock an “underperform” rating in a research report on Wednesday, August 28th. Finally, Stifel Nicolaus lifted their price target on shares of Ambarella from $75.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, August 28th.

Ambarella Trading Up 3.0 %

Shares of AMBA opened at $57.87 on Friday. The firm’s 50-day moving average is $56.03 and its two-hundred day moving average is $52.78. The firm has a market capitalization of $2.39 billion, a P/E ratio of -13.40 and a beta of 1.62. Ambarella has a twelve month low of $39.69 and a twelve month high of $65.88.

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

Insider Activity

In other Ambarella news, CFO John Alexander Young sold 2,139 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $53.54, for a total value of $114,522.06. Following the transaction, the chief financial officer now directly owns 103,529 shares of the company’s stock, valued at $5,542,942.66. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO John Alexander Young sold 2,139 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $53.54, for a total value of $114,522.06. Following the sale, the chief financial officer now owns 103,529 shares in the company, valued at approximately $5,542,942.66. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Christopher Day sold 483 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $53.54, for a total transaction of $25,859.82. Following the transaction, the vice president now directly owns 21,370 shares in the company, valued at $1,144,149.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,423 shares of company stock worth $1,356,402. 5.70% of the stock is currently owned by company insiders.

Institutional Trading of Ambarella

A number of institutional investors and hedge funds have recently modified their holdings of the business. Azzad Asset Management Inc. ADV raised its position in shares of Ambarella by 2.4% during the 2nd quarter. Azzad Asset Management Inc. ADV now owns 9,983 shares of the semiconductor company’s stock worth $539,000 after purchasing an additional 231 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Ambarella by 6.4% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,767 shares of the semiconductor company’s stock worth $269,000 after buying an additional 285 shares during the period. Linden Thomas Advisory Services LLC lifted its stake in Ambarella by 1.7% in the second quarter. Linden Thomas Advisory Services LLC now owns 17,522 shares of the semiconductor company’s stock valued at $945,000 after buying an additional 288 shares during the last quarter. CWM LLC boosted its holdings in shares of Ambarella by 127.7% during the second quarter. CWM LLC now owns 542 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 304 shares during the period. Finally, Blue Trust Inc. grew its position in shares of Ambarella by 180.3% during the third quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 321 shares during the last quarter. 82.09% of the stock is owned by institutional investors and hedge funds.

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.