Ambarella, Inc. (NASDAQ:AMBA) Receives $101.12 Average Price Target from Analysts

Shares of Ambarella, Inc. (NASDAQ:AMBA) have been assigned an average rating of “Moderate Buy” from the fourteen analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $101.1250.

A number of brokerages have issued reports on AMBA. Susquehanna upped their target price on Ambarella from $80.00 to $110.00 and gave the stock a “positive” rating in a research report on Friday, May 29th. Weiss Ratings raised shares of Ambarella from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, July 10th. Stifel Nicolaus set a $106.00 price objective on shares of Ambarella in a research note on Friday, May 29th. Northland Securities set a $101.00 price objective on shares of Ambarella in a report on Wednesday, June 17th. Finally, Bank of America raised their target price 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

Shares of NASDAQ:AMBA opened at $81.96 on Friday. The stock has a market capitalization of $3.60 billion, a P/E ratio of -50.91 and a beta of 2.12. The business has a 50-day moving average of $72.80 and a two-hundred day moving average of $67.47. Ambarella has a fifty-two week low of $48.30 and a fifty-two week high of $96.69.

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

Insider Activity

In other news, VP Chi-Hong Ju sold 10,000 shares of Ambarella stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $88.84, for a total value of $888,400.00. Following the transaction, the vice president directly owned 155,924 shares in the company, valued at approximately $13,852,288.16. The trade was a 6.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Chan W. Lee sold 2,951 shares of Ambarella stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $67.87, for a total value of $200,284.37. Following the completion of the transaction, the insider owned 157,098 shares in the company, valued at $10,662,241.26. The trade was a 1.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 91,419 shares of company stock worth $7,591,700. Insiders own 4.50% of the company’s stock.

Institutional Trading of Ambarella

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Ambarella by 6.0% during the fourth quarter. Vanguard Group Inc. now owns 5,480,285 shares of the semiconductor company’s stock worth $388,223,000 after buying an additional 311,649 shares during the last quarter. State Street Corp increased its position in Ambarella by 8.9% during the second 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 period. Jericho Capital Asset Management L.P. increased its position in Ambarella by 30.8% during the fourth 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 period. The Manufacturers Life Insurance Company increased its position in Ambarella by 49.5% during the first 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 period. Finally, The Manufacturers Life Insurance Company raised its stake in Ambarella by 4.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,371,511 shares of the semiconductor company’s stock valued at $90,609,000 after purchasing an additional 52,954 shares during the last quarter. Institutional investors and hedge funds own 82.09% of the company’s stock.

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.