Ambarella (NASDAQ:AMBA) Shares Pass Above 200-Day Moving Average – Should You Sell?

Ambarella, Inc. (NASDAQ:AMBA)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $66.31 and traded as high as $69.80. Ambarella shares last traded at $68.23, with a volume of 1,880,934 shares changing hands.

Analysts Set New Price Targets

Several research firms have recently issued reports on AMBA. Susquehanna lifted their price target on Ambarella from $80.00 to $110.00 and gave the stock a “positive” rating in a research note on Friday, May 29th. 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 target price on shares of Ambarella in a report on Wednesday, June 17th. Rosenblatt Securities lifted their target price on shares of Ambarella from $115.00 to $120.00 in a research report on Tuesday, June 30th. Finally, Bank of America upped their price target on shares of Ambarella from $72.00 to $96.00 and gave the company a “neutral” rating in a report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $101.12.

Ambarella Stock Up 0.3%

The firm has a market cap of $3.04 billion, a price-to-earnings ratio of -42.97 and a beta of 2.11. The business has a 50 day moving average of $73.06 and a 200 day moving average of $66.30.

Ambarella (NASDAQ:AMBA) last posted its quarterly earnings data on Thursday, May 28th. The semiconductor company reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates of $0.11. The firm had revenue of $100.36 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 16.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.07 EPS. Research analysts predict that Ambarella, Inc. will post -1.13 earnings per share for the current year.

Insider Buying and Selling at Ambarella

In related news, VP Yun-Lung Chen sold 5,958 shares of the firm’s stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $78.66, for a total transaction of $468,656.28. Following the sale, the vice president owned 60,557 shares in the company, valued at approximately $4,763,413.62. This trade represents a 8.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Chan W. Lee sold 2,951 shares of Ambarella stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $67.87, for a total transaction of $200,284.37. Following the completion of the sale, the insider directly owned 157,098 shares of the company’s stock, 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 quarter, insiders sold 91,419 shares of company stock valued at $7,591,700. Corporate insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Ambarella

Hedge funds have recently made changes to their positions in the business. Main Management ETF Advisors LLC increased its stake in Ambarella by 1.0% in the fourth quarter. Main Management ETF Advisors LLC now owns 17,226 shares of the semiconductor company’s stock valued at $1,220,000 after purchasing an additional 176 shares during the last quarter. National Bank of Canada FI boosted its stake in Ambarella by 18.9% in the 3rd quarter. National Bank of Canada FI now owns 1,146 shares of the semiconductor company’s stock worth $95,000 after buying an additional 182 shares during the last quarter. Pallas Capital Advisors LLC boosted its stake in Ambarella by 6.5% in the 4th quarter. Pallas Capital Advisors LLC now owns 3,109 shares of the semiconductor company’s stock worth $220,000 after buying an additional 190 shares during the last quarter. Natixis Advisors LLC grew its holdings in Ambarella by 1.5% in the 3rd quarter. Natixis Advisors LLC now owns 13,721 shares of the semiconductor company’s stock valued at $1,132,000 after buying an additional 204 shares during the period. Finally, Mariner LLC grew its holdings in Ambarella by 2.6% in the 3rd quarter. Mariner LLC now owns 8,574 shares of the semiconductor company’s stock valued at $707,000 after buying an additional 219 shares during the period. 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.