Ambarella (NASDAQ:AMBA) Receives Buy Rating from Rosenblatt Securities

Ambarella (NASDAQ:AMBA)‘s stock had its “buy” rating reaffirmed by equities research analysts at Rosenblatt Securities in a note issued to investors on Monday,Benzinga reports. They currently have a $100.00 price objective on the semiconductor company’s stock. Rosenblatt Securities’ price objective indicates a potential upside of 12.06% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. BNP Paribas upgraded shares of Ambarella to a “strong-buy” rating in a research note on Friday, August 29th. Roth Capital reaffirmed a “neutral” rating on shares of Ambarella in a report on Friday, August 29th. Needham & Company LLC upped their price objective on Ambarella from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Weiss Ratings reissued a “sell (d-)” rating on shares of Ambarella in a research report on Wednesday, October 8th. Finally, Northland Securities boosted their target price on Ambarella from $75.00 to $95.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $93.88.

Ambarella Stock Performance

NASDAQ:AMBA traded up $3.10 during trading on Monday, reaching $89.24. The company’s stock had a trading volume of 478,696 shares, compared to its average volume of 824,206. Ambarella has a 12 month low of $38.86 and a 12 month high of $96.69. The firm has a market cap of $3.81 billion, a price-to-earnings ratio of -42.27 and a beta of 2.14. The firm has a 50 day moving average of $84.75 and a 200-day moving average of $72.14.

Ambarella (NASDAQ:AMBA) last released its earnings results on Thursday, August 28th. The semiconductor company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.10. The company had revenue of $95.51 million for the quarter, compared to analysts’ expectations of $90.01 million. Ambarella had a negative return on equity of 14.73% and a negative net margin of 25.46%.The business’s revenue for the quarter was up 49.9% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.13) EPS. Ambarella has set its Q3 2026 guidance at EPS. Equities research analysts forecast that Ambarella will post -2.81 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO John Alexander Young sold 2,566 shares of the firm’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $79.43, for a total value of $203,817.38. Following the completion of the transaction, the chief financial officer directly owned 109,108 shares of the company’s stock, valued at $8,666,448.44. This trade represents a 2.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Yun-Lung Chen sold 8,492 shares of Ambarella stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $84.42, for a total value of $716,894.64. Following the completion of the transaction, the vice president owned 61,651 shares of the company’s stock, valued at approximately $5,204,577.42. This trade represents a 12.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 35,227 shares of company stock worth $2,875,131 in the last three months. Insiders own 5.30% of the company’s stock.

Institutional Trading of Ambarella

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Ambarella by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 4,848,305 shares of the semiconductor company’s stock valued at $244,015,000 after buying an additional 152,181 shares in the last quarter. State Street Corp lifted its holdings in shares of Ambarella by 8.9% in the second quarter. State Street Corp now owns 1,855,170 shares of the semiconductor company’s stock worth $122,562,000 after buying an additional 151,694 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Ambarella by 4.0% in the second quarter. The Manufacturers Life Insurance Company now owns 1,371,511 shares of the semiconductor company’s stock valued at $90,609,000 after acquiring an additional 52,954 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Ambarella by 88.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,232,272 shares of the semiconductor company’s stock valued at $62,020,000 after acquiring an additional 579,917 shares during the period. Finally, Jericho Capital Asset Management L.P. grew its stake in Ambarella by 10.5% during the third quarter. Jericho Capital Asset Management L.P. now owns 1,213,347 shares of the semiconductor company’s stock valued at $100,125,000 after acquiring an additional 114,865 shares in the last quarter. Hedge funds and other institutional investors own 82.09% of the company’s stock.

About Ambarella

Ambarella, Inc develops semiconductor solutions that enable high-definition (HD) and ultra HD compression, image signal processing, and artificial intelligence 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.