Ambarella (NASDAQ:AMBA) Given New $110.00 Price Target at Susquehanna

Ambarella (NASDAQ:AMBA) had its target price boosted by Susquehanna from $80.00 to $110.00 in a research note issued to investors on Friday,Benzinga reports. Susquehanna currently has a positive rating on the semiconductor company’s stock.

A number of other equities analysts have also issued reports on AMBA. Summit Insights lowered Ambarella from a “buy” rating to a “hold” rating in a research note on Friday. Stifel Nicolaus set a $106.00 price target on Ambarella in a research note on Friday. Consumer Edge reaffirmed a “buy” rating on shares of Ambarella in a research note on Friday, May 22nd. Rosenblatt Securities reaffirmed a “buy” rating and set a $115.00 price target on shares of Ambarella in a research note on Tuesday. Finally, Bank of America increased their price target on Ambarella from $72.00 to $96.00 and gave the company a “neutral” rating in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $99.75.

Ambarella Price Performance

AMBA opened at $72.18 on Friday. Ambarella has a 12 month low of $48.30 and a 12 month high of $96.69. The stock has a market cap of $3.17 billion, a P/E ratio of -44.83 and a beta of 2.17. The stock’s 50 day moving average price is $65.86 and its 200 day moving average price is $68.45.

Ambarella (NASDAQ:AMBA) last posted its earnings results on Thursday, May 28th. The semiconductor company reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11. Ambarella had a negative return on equity of 11.02% and a negative net margin of 17.18%.The firm had revenue of $100.36 million for the quarter, compared to analysts’ expectations of $100.12 million. During the same period last year, the firm earned $0.07 EPS. The firm’s revenue was up 16.9% compared to the same quarter last year. Equities analysts anticipate that Ambarella will post -1.27 EPS for the current year.

Insider Buying and Selling

In related news, insider Chan W. Lee sold 6,729 shares of Ambarella stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $52.77, for a total value of $355,089.33. Following the transaction, the insider directly owned 156,370 shares in the company, valued at $8,251,644.90. The trade was a 4.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO John Alexander Young sold 4,577 shares of Ambarella stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $52.77, for a total value of $241,528.29. Following the completion of the transaction, the chief financial officer owned 117,072 shares in the company, valued at $6,177,889.44. The trade was a 3.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 136,799 shares of company stock valued at $8,917,902. Insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On Ambarella

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Ambarella by 6.0% in the 4th quarter. Vanguard Group Inc. now owns 5,480,285 shares of the semiconductor company’s stock worth $388,223,000 after acquiring an additional 311,649 shares during the last quarter. State Street Corp grew its holdings in shares of Ambarella by 8.9% in the 2nd quarter. State Street Corp now owns 1,855,170 shares of the semiconductor company’s stock worth $122,562,000 after acquiring an additional 151,694 shares during the last quarter. Jericho Capital Asset Management L.P. grew its holdings in shares of Ambarella by 30.8% in the 4th quarter. Jericho Capital Asset Management L.P. now owns 1,587,081 shares of the semiconductor company’s stock worth $112,429,000 after acquiring an additional 373,734 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Ambarella by 49.5% in the 1st quarter. The Manufacturers Life Insurance Company now owns 1,586,082 shares of the semiconductor company’s stock worth $81,644,000 after acquiring an additional 524,937 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Ambarella by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 1,020,527 shares of the semiconductor company’s stock worth $72,305,000 after acquiring an additional 35,510 shares during the last quarter. 82.09% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Ambarella

Here are the key news stories impacting Ambarella this week:

• Positive Sentiment: Q1 revenue rose 16.9% year over year to $100.4 million and EPS matched expectations, showing solid execution. Ambarella (AMBA) Meets Q1 Earnings Estimates
• Positive Sentiment: The Hanwha edge-AI partnership could bring over $800 million in potential revenue over time, strengthening Ambarella’s long-term growth case. Hanwha and Ambarella Enter Into Long-Term Edge AI Agreement
• Positive Sentiment: Analysts such as Needham and Bank of America raised price targets, signaling continued optimism about Ambarella’s edge-AI and automotive opportunity. Quinn Bolton Reiterates Buy on Ambarella, Sets $100 DCF-Based Price Target on Strengthening Auto, Robotics, and Long-Term Deal Momentum
• Neutral Sentiment: Management announced a $50 million buyback, but investors seem focused more on the near-term outlook than capital return. Ambarella, Inc. Announces First Quarter Fiscal Year 2027 Financial Results
• Negative Sentiment: Second-quarter revenue guidance came in cautious, and supply-chain cost pressures raised concerns about demand and margins later in the year. Ambarella Stock Slides After Lackluster Q1 Results
• Negative Sentiment: Summit Insights downgraded Ambarella to Hold, which reinforced the post-earnings selloff. Summit Insights downgrade on Ambarella

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.