Brokerages Set Ambarella, Inc. (NASDAQ:AMBA) PT at $101.12

Ambarella, Inc. (NASDAQ:AMBA) has been given an average rating of “Moderate Buy” by the fourteen research firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $101.1250.

AMBA has been the topic of several recent research reports. Weiss Ratings raised shares of Ambarella from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, July 10th. Consumer Edge restated a “buy” rating on shares of Ambarella in a research note on Friday, May 22nd. Summit Insights lowered shares of Ambarella from a “buy” rating to a “hold” rating in a research note on Friday, May 29th. Stifel Nicolaus set a $106.00 price target on shares of Ambarella in a report on Friday, May 29th. Finally, Bank of America lifted their price objective on shares of Ambarella from $72.00 to $96.00 and gave the company a “neutral” rating in a research note on Friday, May 29th.

Ambarella Price Performance

AMBA opened at $61.84 on Monday. Ambarella has a fifty-two week low of $48.30 and a fifty-two week high of $96.69. The business has a 50-day moving average of $74.58 and a 200-day moving average of $66.54. The company has a market capitalization of $2.71 billion, a PE ratio of -38.41 and a beta of 2.11.

Ambarella (NASDAQ:AMBA) last announced its quarterly earnings results on Thursday, May 28th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. The business had revenue of $100.36 million during the quarter, compared to analyst estimates of $100.12 million. Ambarella had a negative return on equity of 10.94% and a negative net margin of 17.18%.The firm’s revenue was up 16.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.07 EPS. On average, equities research analysts expect that Ambarella will post -1.13 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO John Alexander Young sold 5,033 shares of the company’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $67.54, for a total transaction of $339,928.82. Following the completion of the sale, the chief financial officer owned 112,590 shares in the company, valued at approximately $7,604,328.60. This represents a 4.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Chan W. Lee sold 2,951 shares of the stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $67.87, for a total value of $200,284.37. Following the transaction, the insider directly owned 157,098 shares in the company, valued at approximately $10,662,241.26. This represents a 1.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 93,390 shares of company stock valued at $7,709,960. Corporate insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD grew its stake in Ambarella by 2,312.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 864,610 shares of the semiconductor company’s stock valued at $61,250,000 after buying an additional 828,773 shares during the last quarter. UBS Group AG raised its holdings in Ambarella by 379.3% in the 3rd quarter. UBS Group AG now owns 821,747 shares of the semiconductor company’s stock worth $67,811,000 after acquiring an additional 650,306 shares during the period. Squarepoint Ops LLC acquired a new position in Ambarella during the 2nd quarter worth $36,810,000. The Manufacturers Life Insurance Company lifted its position in Ambarella by 49.5% during 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, Balyasny Asset Management L.P. boosted its holdings in Ambarella by 894.7% during the second quarter. Balyasny Asset Management L.P. now owns 459,562 shares of the semiconductor company’s stock valued at $30,361,000 after acquiring an additional 413,362 shares during the period. 82.09% of the stock is owned by institutional investors.

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.