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

Shares of Ambarella, Inc. (NASDAQ:AMBA) have been given an average recommendation of “Moderate Buy” by the fourteen research firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $96.00.

A number of brokerages recently commented on AMBA. Consumer Edge restated a “buy” rating on shares of Ambarella in a report on Friday, November 21st. Wall Street Zen cut Ambarella from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. Roth Mkm reissued a “neutral” rating on shares of Ambarella in a research note on Wednesday, November 26th. Needham & Company LLC restated a “buy” rating and issued a $100.00 price target on shares of Ambarella in a report on Wednesday, November 26th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $80.00 price objective on shares of Ambarella in a research report on Wednesday, November 26th.

Ambarella Price Performance

NASDAQ:AMBA opened at $65.92 on Friday. The business’s 50-day simple moving average is $69.58 and its 200-day simple moving average is $75.84. Ambarella has a fifty-two week low of $38.86 and a fifty-two week high of $96.69. The stock has a market capitalization of $2.84 billion, a PE ratio of -35.06 and a beta of 1.97.

Ambarella (NASDAQ:AMBA) last announced its earnings results on Tuesday, November 25th. The semiconductor company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.21 by $0.06. The firm 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 business’s quarterly revenue was up 31.2% on a year-over-year basis. During the same period last year, the company posted $0.11 EPS. On average, research analysts expect that Ambarella will post -2.81 earnings per share for the current year.

Insider Activity

In related news, Director Elizabeth M. Schwarting sold 624 shares of the stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $72.38, for a total transaction of $45,165.12. Following the completion of the transaction, the director owned 6,690 shares in the company, valued at approximately $484,222.20. This represents a 8.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Chi-Hong Ju sold 7,728 shares of the firm’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $75.58, for a total transaction of $584,082.24. Following the completion of the transaction, the vice president directly owned 146,039 shares of the company’s stock, valued at approximately $11,037,627.62. This trade represents a 5.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 27,685 shares of company stock worth $2,016,598. 5.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Ambarella

Large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of Ambarella by 6.0% in the fourth quarter. Vanguard Group Inc. now owns 5,480,285 shares of the semiconductor company’s stock valued at $388,223,000 after acquiring an additional 311,649 shares during the last quarter. State Street Corp grew its stake in Ambarella by 8.9% in the second quarter. State Street Corp now owns 1,855,170 shares of the semiconductor company’s stock valued at $122,562,000 after purchasing an additional 151,694 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Ambarella by 4.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,371,511 shares of the semiconductor company’s stock worth $90,609,000 after purchasing an additional 52,954 shares during the last quarter. Jericho Capital Asset Management L.P. raised its stake in shares of Ambarella by 10.5% during the 3rd quarter. Jericho Capital Asset Management L.P. now owns 1,213,347 shares of the semiconductor company’s stock worth $100,125,000 after purchasing an additional 114,865 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Ambarella by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 1,020,527 shares of the semiconductor company’s stock worth $72,305,000 after purchasing an additional 35,510 shares in the last quarter. 82.09% of the stock is currently owned by institutional investors and hedge funds.

About Ambarella

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.