Ambarella Inc (AMBA) Given Average Recommendation of “Hold” by Brokerages

Ambarella Inc (NASDAQ:AMBA) has been given a consensus recommendation of “Hold” by the seventeen ratings firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $59.15.

AMBA has been the topic of several research analyst reports. ValuEngine upgraded Ambarella from a “sell” rating to a “hold” rating in a research note on Friday, September 8th. Dougherty & Co dropped their target price on Ambarella from $75.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, September 1st. Morgan Stanley restated an “overweight” rating and set a $60.00 target price on shares of Ambarella in a research report on Wednesday, September 27th. Deutsche Bank restated a “hold” rating and set a $49.00 target price (down previously from $54.00) on shares of Ambarella in a research report on Friday, September 1st. Finally, Roth Capital restated a “buy” rating and set a $65.00 target price on shares of Ambarella in a research report on Thursday, August 31st.

In related news, VP Yun-Lung Chen sold 11,340 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of $59.80, for a total value of $678,132.00. Following the transaction, the vice president now owns 11,386 shares of the company’s stock, valued at $680,882.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Christopher B. Paisley sold 2,000 shares of the stock in a transaction on Monday, December 11th. The shares were sold at an average price of $59.23, for a total value of $118,460.00. The disclosure for this sale can be found here. In the last three months, insiders sold 41,175 shares of company stock worth $2,097,857. 5.80% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMBA. Victory Capital Management Inc. grew its stake in shares of Ambarella by 17.7% during the second quarter. Victory Capital Management Inc. now owns 2,240 shares of the semiconductor company’s stock valued at $109,000 after buying an additional 337 shares during the last quarter. Turner Investments LLC bought a new position in shares of Ambarella during the third quarter valued at about $172,000. Amalgamated Bank grew its stake in shares of Ambarella by 3.6% during the second quarter. Amalgamated Bank now owns 4,126 shares of the semiconductor company’s stock valued at $200,000 after buying an additional 143 shares during the last quarter. Aperio Group LLC bought a new position in shares of Ambarella during the third quarter valued at about $213,000. Finally, Belpointe Asset Management LLC bought a new position in shares of Ambarella during the third quarter valued at about $216,000. 63.21% of the stock is currently owned by institutional investors and hedge funds.

Ambarella (NASDAQ AMBA) traded down $0.86 during trading on Friday, reaching $57.56. The company had a trading volume of 343,000 shares, compared to its average volume of 1,034,931. Ambarella has a fifty-two week low of $40.06 and a fifty-two week high of $65.39. The stock has a market capitalization of $1,945.77, a P/E ratio of 55.64, a price-to-earnings-growth ratio of 5.66 and a beta of 1.57.

Ambarella (NASDAQ:AMBA) last posted its quarterly earnings data on Thursday, November 30th. The semiconductor company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.67 by $0.08. Ambarella had a return on equity of 7.87% and a net margin of 11.51%. The business had revenue of $89.06 million for the quarter, compared to the consensus estimate of $89.41 million. During the same quarter in the prior year, the business earned $1.11 earnings per share. Ambarella’s revenue for the quarter was down 11.4% on a year-over-year basis. research analysts anticipate that Ambarella will post 0.7 EPS for the current year.

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About Ambarella

Ambarella, Inc offers semiconductor processing solutions for video that enable high-definition (HD), video capture, sharing and display. The Company operates through the development and sale of low-power, high-definition video products segment. Its system-on-a-chip designs incorporate HD video processing, image processing, audio processing and system functions onto a single chip.

Analyst Recommendations for Ambarella (NASDAQ:AMBA)

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