Ambarella, Inc. (NASDAQ:AMBA – Get Rating) has been given an average recommendation of “Moderate Buy” by the eighteen research firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $125.13.
A number of equities analysts have recently issued reports on AMBA shares. Summit Insights downgraded Ambarella from a “buy” rating to a “hold” rating in a research report on Wednesday, August 31st. Stifel Nicolaus lowered their price objective on Ambarella from $100.00 to $94.00 and set a “buy” rating for the company in a research report on Wednesday, August 31st. Morgan Stanley decreased their target price on Ambarella from $164.00 to $122.00 and set an “overweight” rating for the company in a research note on Tuesday, May 31st. Cowen decreased their target price on Ambarella from $180.00 to $135.00 and set an “outperform” rating for the company in a research note on Wednesday, June 1st. Finally, Craig Hallum reduced their price objective on Ambarella from $170.00 to $100.00 in a research note on Wednesday, June 1st.
Ambarella Stock Down 2.0 %
Shares of AMBA stock opened at $62.86 on Monday. Ambarella has a twelve month low of $60.50 and a twelve month high of $227.59. The company has a market cap of $2.40 billion, a P/E ratio of -87.31 and a beta of 1.46. The business has a fifty day simple moving average of $77.96 and a 200 day simple moving average of $86.97.
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Ambarella (NASDAQ:AMBA – Get Rating) last posted its earnings results on Tuesday, August 30th. The semiconductor company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.19 by $0.01. Ambarella had a negative return on equity of 4.69% and a negative net margin of 7.50%. The firm had revenue of $80.90 million during the quarter, compared to the consensus estimate of $80.21 million. During the same period last year, the company earned ($0.18) earnings per share. The business’s quarterly revenue was up 2.0% on a year-over-year basis. As a group, equities research analysts anticipate that Ambarella will post -1.33 earnings per share for the current fiscal year.
Insider Activity
In other news, CEO Feng-Ming Wang sold 3,937 shares of the business’s stock in a transaction dated Thursday, June 16th. The stock was sold at an average price of $66.26, for a total value of $260,865.62. Following the completion of the sale, the chief executive officer now owns 689,918 shares of the company’s stock, valued at approximately $45,713,966.68. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Ambarella news, CEO Feng-Ming Wang sold 3,937 shares of the company’s stock in a transaction that occurred on Thursday, June 16th. The stock was sold at an average price of $66.26, for a total transaction of $260,865.62. Following the completion of the transaction, the chief executive officer now owns 689,918 shares of the company’s stock, valued at approximately $45,713,966.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Leslie Kohn sold 2,609 shares of the company’s stock in a transaction that occurred on Thursday, June 16th. The shares were sold at an average price of $66.25, for a total value of $172,846.25. Following the transaction, the chief technology officer now directly owns 903,296 shares of the company’s stock, valued at approximately $59,843,360. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,297 shares of company stock valued at $688,055. Insiders own 6.60% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Newbridge Financial Services Group Inc. purchased a new position in shares of Ambarella during the 2nd quarter worth approximately $26,000. First Horizon Advisors Inc. raised its holdings in Ambarella by 585.7% in the 4th quarter. First Horizon Advisors Inc. now owns 144 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 123 shares during the period. Standard Family Office LLC bought a new position in Ambarella in the 1st quarter worth $42,000. UMB Bank N A MO bought a new position in Ambarella in the 4th quarter worth $47,000. Finally, Prospera Financial Services Inc bought a new stake in Ambarella during the first quarter valued at about $52,000. Institutional investors own 76.77% of the company’s stock.
About Ambarella
Ambarella, Inc develops semiconductor solutions for video that enable high-definition (HD) and ultra HD compression, image processing, and deep neural network processing worldwide. The company’s system-on-a-chip designs integrated HD video processing, image processing, artificial intelligence computer vision algorithms, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.
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Read More: Ambarella, Inc. (NASDAQ:AMBA) Given Consensus Rating of “Moderate Buy” by Brokerages