Ambarella, Inc. (NASDAQ:AMBA) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Ambarella, Inc. (NASDAQ:AMBA) have been assigned a consensus recommendation of “Moderate Buy” from the fourteen research firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $96.00.

AMBA has been the topic of a number of research analyst reports. Summit Insights raised shares of Ambarella from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 25th. Bank of America boosted their price target on Ambarella from $90.00 to $92.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. Roth Capital restated a “neutral” rating on shares of Ambarella in a research note on Wednesday, November 26th. Northland Securities lifted their target price on Ambarella from $75.00 to $95.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $80.00 target price on shares of Ambarella in a report on Wednesday, November 26th.

Insider Transactions at Ambarella

In related news, CFO John Alexander Young sold 3,791 shares of Ambarella stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $72.96, for a total transaction of $276,591.36. Following the completion of the sale, the chief financial officer owned 102,738 shares of the company’s stock, valued at approximately $7,495,764.48. The trade was a 3.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Chi-Hong Ju sold 6,156 shares of the stock in a transaction dated Tuesday, October 14th. The shares were sold at an average price of $80.96, for a total transaction of $498,389.76. Following the completion of the transaction, the vice president directly owned 158,874 shares in the company, valued at approximately $12,862,439.04. This represents a 3.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 29,569 shares of company stock valued at $2,268,596. Corporate insiders own 5.30% of the company’s stock.

Institutional Investors Weigh In On Ambarella

Institutional investors have recently made changes to their positions in the company. Stephens Inc. AR grew its position in shares of Ambarella by 3.7% in the third quarter. Stephens Inc. AR now owns 3,804 shares of the semiconductor company’s stock valued at $314,000 after purchasing an additional 137 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in Ambarella by 3.2% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 4,537 shares of the semiconductor company’s stock valued at $374,000 after purchasing an additional 142 shares during the period. Arizona State Retirement System grew its holdings in Ambarella by 1.3% in the 3rd quarter. Arizona State Retirement System now owns 11,899 shares of the semiconductor company’s stock valued at $982,000 after buying an additional 157 shares in the last quarter. National Bank of Canada FI increased its position in Ambarella by 18.9% during the 3rd quarter. National Bank of Canada FI now owns 1,146 shares of the semiconductor company’s stock worth $95,000 after buying an additional 182 shares during the period. Finally, Ameritas Investment Partners Inc. lifted its holdings in shares of Ambarella by 4.9% during the second quarter. Ameritas Investment Partners Inc. now owns 4,160 shares of the semiconductor company’s stock worth $275,000 after buying an additional 196 shares in the last quarter. Institutional investors own 82.09% of the company’s stock.

Ambarella Trading Down 0.1%

NASDAQ AMBA opened at $71.94 on Thursday. Ambarella has a 12 month low of $38.86 and a 12 month high of $96.69. The stock has a 50 day moving average of $81.08 and a 200-day moving average of $74.63. The company has a market cap of $3.10 billion, a PE ratio of -38.27 and a beta of 1.98.

Ambarella (NASDAQ:AMBA) last issued its earnings results on Tuesday, November 25th. The semiconductor company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.06. The business had revenue of $108.45 million for the quarter, compared to the consensus estimate of $104.11 million. Ambarella had a negative net margin of 21.31% and a negative return on equity of 13.02%. The firm’s revenue for the quarter was up 31.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.11 earnings per share. As a group, sell-side analysts predict that Ambarella will post -2.81 EPS for the current fiscal year.

Ambarella Company Profile

Ambarella, Inc is a global semiconductor company headquartered in Santa Clara, California, specializing in video compression, image processing and computer vision technologies. The company designs low-power, high-definition system-on-chip (SoC) solutions that enable the capture, processing and streaming of video in a variety of embedded applications. Ambarella’s platforms combine advanced video encoding, multi-core central processing units and hardware accelerators to deliver high-resolution imaging with low power consumption.

Ambarella’s product portfolio caters to multiple markets, including security and surveillance, automotive vision, wearable cameras, drones and robotics.