Ambarella Inc. (NASDAQ:AMBA) has earned a consensus rating of “Buy” from the eighteen ratings firms that are presently covering the stock. Seven investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $72.94.
AMBA has been the topic of several research analyst reports. Vetr lowered Ambarella from a “strong-buy” rating to a “buy” rating and set a $68.62 target price on the stock. in a research report on Friday, August 12th. Zacks Investment Research raised Ambarella from a “hold” rating to a “strong-buy” rating and set a $65.00 target price on the stock in a research report on Tuesday, August 2nd. Canaccord Genuity raised their target price on Ambarella from $85.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, August 31st. Deutsche Bank AG reaffirmed a “hold” rating and set a $68.00 price target on shares of Ambarella in a research report on Friday, September 16th. Finally, Roth Capital assumed coverage on Ambarella in a research report on Wednesday. They set a “buy” rating and a $80.00 price target on the stock.
Shares of Ambarella (NASDAQ:AMBA) opened at 73.61 on Monday. The company has a market cap of $2.41 billion, a PE ratio of 55.43 and a beta of 1.49. Ambarella has a 52-week low of $33.39 and a 52-week high of $74.56. The stock’s 50 day moving average is $67.80 and its 200 day moving average is $52.33.
Ambarella (NASDAQ:AMBA) last issued its earnings results on Thursday, September 1st. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.16. Ambarella had a return on equity of 14.23% and a net margin of 15.86%. The business had revenue of $65.10 million for the quarter, compared to analyst estimates of $64.02 million. During the same quarter last year, the company earned $0.88 EPS. The business’s quarterly revenue was down 22.7% on a year-over-year basis. Equities analysts forecast that Ambarella will post $2.64 EPS for the current year.
In other Ambarella news, insider Leslie Kohn sold 5,489 shares of the business’s stock in a transaction on Friday, September 16th. The stock was sold at an average price of $67.98, for a total transaction of $373,142.22. Following the sale, the insider now directly owns 896,726 shares in the company, valued at $60,959,433.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO George Laplante sold 30,000 shares of the business’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $67.08, for a total value of $2,012,400.00. Following the sale, the chief financial officer now owns 118,720 shares in the company, valued at $7,963,737.60. The disclosure for this sale can be found here. 5.43% of the stock is owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of AMBA. Van Berkom & Associates Inc. purchased a new stake in Ambarella during the second quarter worth approximately $36,083,000. Lord Abbett & CO. LLC purchased a new stake in Ambarella during the second quarter worth approximately $18,516,000. Columbus Circle Investors purchased a new stake in Ambarella during the second quarter worth approximately $14,506,000. Scout Investments Inc. increased its stake in Ambarella by 278.0% in the second quarter. Scout Investments Inc. now owns 250,061 shares of the company’s stock worth $12,706,000 after buying an additional 183,911 shares during the last quarter. Finally, Norges Bank purchased a new stake in Ambarella during the fourth quarter worth approximately $8,585,000. Institutional investors own 51.33% of the company’s stock.
Ambarella, Inc offers semiconductor processing solutions for video that enable high-definition (HD), video capture, sharing and display. The Company operates through the development and sale of low-power, high-definition video products segment. Its system-on-a-chip designs incorporate HD video processing, image processing, audio processing and system functions onto a single chip.
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