Ambarella (NASDAQ:AMBA) Stock Rating Upgraded by Wall Street Zen

Ambarella (NASDAQ:AMBA) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Other equities analysts have also recently issued research reports about the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ambarella in a research report on Wednesday, October 8th. BNP Paribas upgraded Ambarella to a “strong-buy” rating in a research note on Friday, August 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $80.00 price objective on shares of Ambarella in a research note on Wednesday, November 26th. Northland Securities increased their target price on Ambarella from $75.00 to $95.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Finally, Summit Insights upgraded Ambarella from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 25th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $96.00.

Ambarella Trading Up 4.3%

AMBA opened at $74.10 on Friday. Ambarella has a 12 month low of $38.86 and a 12 month high of $96.69. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of -39.41 and a beta of 1.98. The stock has a fifty day moving average price of $83.31 and a 200-day moving average price of $73.24.

Ambarella (NASDAQ:AMBA) last issued its quarterly earnings data on Tuesday, November 25th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.06. The firm had revenue of $108.45 million for the quarter, compared to analyst estimates of $104.11 million. Ambarella had a negative net margin of 21.31% and a negative return on equity of 13.02%. Ambarella’s revenue was up 31.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.11 EPS. On average, equities research analysts forecast that Ambarella will post -2.81 EPS for the current year.

Insider Activity

In other Ambarella news, VP Yun-Lung Chen sold 8,492 shares of the company’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $84.42, for a total transaction of $716,894.64. Following the sale, the vice president owned 61,651 shares in the company, valued at $5,204,577.42. This represents a 12.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO John Alexander Young sold 2,566 shares of the business’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $79.43, for a total value of $203,817.38. Following the transaction, the chief financial officer directly owned 109,108 shares of the company’s stock, valued at approximately $8,666,448.44. This represents a 2.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 35,227 shares of company stock worth $2,875,131 over the last three months. Company insiders own 5.70% of the company’s stock.

Institutional Investors Weigh In On Ambarella

Institutional investors have recently modified their holdings of the company. CIBC Bancorp USA Inc. acquired a new position in shares of Ambarella during the third quarter worth $358,000. WBI Investments LLC purchased a new stake in Ambarella during the 3rd quarter worth about $413,000. Advisory Services Network LLC acquired a new position in shares of Ambarella during the 3rd quarter worth about $33,000. Oberweis Asset Management Inc. increased its holdings in shares of Ambarella by 6.6% in the 3rd quarter. Oberweis Asset Management Inc. now owns 611,360 shares of the semiconductor company’s stock valued at $50,449,000 after acquiring an additional 38,000 shares during the last quarter. Finally, Connective Capital Management LLC purchased a new stake in Ambarella during the third quarter worth approximately $1,150,000. 82.09% of the stock is owned by hedge funds and other institutional investors.

Ambarella Company Profile

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.