Ambarella, Inc. (NASDAQ:AMBA) Receives Average Recommendation of “Moderate Buy” from Brokerages

Ambarella, Inc. (NASDAQ:AMBA) has been given an average recommendation of “Moderate Buy” by the fourteen research firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $94.75.

A number of brokerages have recently issued reports on AMBA. Rosenblatt Securities reaffirmed a “buy” rating and issued a $115.00 price objective on shares of Ambarella in a research note on Monday, March 23rd. Stifel Nicolaus set a $90.00 price objective on shares of Ambarella in a research note on Friday. Finally, Consumer Edge reaffirmed a “buy” rating on shares of Ambarella in a research note on Friday.

Ambarella Price Performance

Shares of NASDAQ AMBA opened at $87.55 on Friday. Ambarella has a one year low of $48.30 and a one year high of $96.69. The firm’s 50 day simple moving average is $62.42 and its two-hundred day simple moving average is $68.44. The stock has a market capitalization of $3.84 billion, a P/E ratio of -49.19 and a beta of 2.17.

Ambarella (NASDAQ:AMBA) last issued its quarterly earnings results on Thursday, February 26th. The semiconductor company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. Ambarella had a negative net margin of 19.42% and a negative return on equity of 12.16%. The business had revenue of $100.87 million for the quarter, compared to analysts’ expectations of $100.17 million. During the same period last year, the business earned $0.11 earnings per share. The business’s quarterly revenue was up 20.1% on a year-over-year basis. As a group, equities analysts expect that Ambarella will post -1.27 earnings per share for the current fiscal year.

Insider Buying and Selling at Ambarella

In other news, VP Chi-Hong Ju sold 2,155 shares of the company’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $54.14, for a total value of $116,671.70. Following the completion of the sale, the vice president owned 167,941 shares of the company’s stock, valued at approximately $9,092,325.74. This represents a 1.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO John Alexander Young sold 1,971 shares of the company’s stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $60.00, for a total transaction of $118,260.00. Following the completion of the sale, the chief financial officer directly owned 117,623 shares of the company’s stock, valued at $7,057,380. This trade represents a 1.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 103,899 shares of company stock worth $5,921,677 over the last 90 days. Company insiders own 5.30% of the company’s stock.

Institutional Investors Weigh In On Ambarella

A number of institutional investors have recently made changes to their positions in the business. Essential Partners LLC boosted its position in Ambarella by 90.1% during the 1st quarter. Essential Partners LLC now owns 481 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 228 shares during the period. Western Wealth Management LLC purchased a new stake in Ambarella during the 1st quarter valued at $129,000. Cim Investment Management Inc. boosted its position in Ambarella by 43.2% during the 1st quarter. Cim Investment Management Inc. now owns 5,998 shares of the semiconductor company’s stock valued at $309,000 after buying an additional 1,810 shares during the period. Bank of America Corp DE boosted its position in Ambarella by 7.8% during the 1st quarter. Bank of America Corp DE now owns 481,758 shares of the semiconductor company’s stock valued at $24,798,000 after buying an additional 34,843 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in Ambarella by 60.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 668 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 252 shares during the period. Hedge funds and other institutional investors own 82.09% of the company’s stock.

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.