Ambarella, Inc. (NASDAQ:AMBA) Receives $71.75 Average PT from Analysts

Shares of Ambarella, Inc. (NASDAQ:AMBA) have earned an average rating of “Moderate Buy” from the eleven analysts that are covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $71.75.

AMBA has been the topic of several research analyst reports. Wells Fargo & Company downgraded Ambarella from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $85.00 to $65.00 in a research note on Wednesday, January 3rd. Needham & Company LLC restated a “buy” rating and set a $90.00 target price on shares of Ambarella in a research report on Wednesday, February 28th. Susquehanna increased their target price on Ambarella from $70.00 to $80.00 and gave the stock a “positive” rating in a research report on Wednesday, February 28th. StockNews.com upgraded Ambarella to a “sell” rating in a research report on Saturday. Finally, Morgan Stanley increased their target price on Ambarella from $67.00 to $73.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 28th.

Insider Buying and Selling

In related news, COO Chan W. Lee sold 1,075 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $49.27, for a total value of $52,965.25. Following the transaction, the chief operating officer now owns 124,146 shares of the company’s stock, valued at $6,116,673.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CTO Leslie Kohn sold 1,198 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $49.27, for a total value of $59,025.46. Following the transaction, the chief technology officer now owns 964,664 shares of the company’s stock, valued at $47,528,995.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Chan W. Lee sold 1,075 shares of the stock in a transaction on Monday, March 18th. The shares were sold at an average price of $49.27, for a total value of $52,965.25. Following the completion of the transaction, the chief operating officer now directly owns 124,146 shares in the company, valued at approximately $6,116,673.42. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,648 shares of company stock worth $327,595. Corporate insiders own 5.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Tributary Capital Management LLC grew its stake in shares of Ambarella by 20.2% during the fourth quarter. Tributary Capital Management LLC now owns 225,937 shares of the semiconductor company’s stock valued at $13,848,000 after buying an additional 38,018 shares during the last quarter. Quantbot Technologies LP grew its stake in shares of Ambarella by 1,300.9% during the third quarter. Quantbot Technologies LP now owns 22,709 shares of the semiconductor company’s stock valued at $1,204,000 after buying an additional 21,088 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Ambarella by 3.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 294,469 shares of the semiconductor company’s stock valued at $15,616,000 after buying an additional 10,774 shares during the last quarter. Aigen Investment Management LP bought a new position in shares of Ambarella during the third quarter valued at about $614,000. Finally, Deutsche Bank AG grew its stake in shares of Ambarella by 49.8% during the third quarter. Deutsche Bank AG now owns 26,832 shares of the semiconductor company’s stock valued at $1,423,000 after buying an additional 8,921 shares during the last quarter. 82.09% of the stock is owned by institutional investors.

Ambarella Price Performance

NASDAQ AMBA opened at $45.59 on Tuesday. Ambarella has a 1 year low of $43.59 and a 1 year high of $89.18. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of -10.75 and a beta of 1.66. The company has a fifty day moving average price of $52.51 and a 200-day moving average price of $54.15.

Ambarella (NASDAQ:AMBA) last posted its earnings results on Tuesday, February 27th. The semiconductor company reported ($0.95) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.98) by $0.03. The firm had revenue of $51.62 million during the quarter, compared to analyst estimates of $51.68 million. Ambarella had a negative net margin of 74.81% and a negative return on equity of 23.78%. On average, research analysts anticipate that Ambarella will post -3.53 EPS for the current fiscal year.

About Ambarella

Ambarella, Inc develops semiconductor solutions 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.