Ambarella, Inc. (NASDAQ:AMBA) Given Average Recommendation of “Moderate Buy” by Analysts

Ambarella, Inc. (NASDAQ:AMBA) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, seven have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $96.00.

A number of analysts have recently weighed in on AMBA shares. Rosenblatt Securities reaffirmed a “buy” rating and issued a $115.00 target price on shares of Ambarella in a research report on Monday, March 23rd. Wall Street Zen downgraded shares of Ambarella from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. Consumer Edge reaffirmed a “buy” rating on shares of Ambarella in a research report on Tuesday, February 24th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ambarella in a research report on Wednesday, January 21st.

Insider Buying and Selling

In related news, insider Chan W. Lee sold 3,641 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $54.14, for a total value of $197,123.74. Following the sale, the insider owned 160,049 shares in the company, valued at $8,665,052.86. This represents a 2.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Feng-Ming Wang sold 8,083 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $54.14, for a total value of $437,613.62. Following the completion of the sale, the chief executive officer owned 838,561 shares in the company, valued at $45,399,692.54. The trade was a 0.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 101,928 shares of company stock worth $5,803,417. 5.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Ambarella

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in Ambarella by 6.0% during the 4th quarter. Vanguard Group Inc. now owns 5,480,285 shares of the semiconductor company’s stock valued at $388,223,000 after purchasing an additional 311,649 shares during the last quarter. State Street Corp grew its position in Ambarella by 8.9% during the 2nd quarter. State Street Corp now owns 1,855,170 shares of the semiconductor company’s stock valued at $122,562,000 after purchasing an additional 151,694 shares during the last quarter. Jericho Capital Asset Management L.P. grew its holdings in shares of 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 valued at $112,429,000 after buying an additional 373,734 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Ambarella by 4.0% during 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 buying an additional 52,954 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Ambarella by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 1,020,527 shares of the semiconductor company’s stock valued at $72,305,000 after buying an additional 35,510 shares during the last quarter. Hedge funds and other institutional investors own 82.09% of the company’s stock.

Ambarella Stock Performance

AMBA stock opened at $52.78 on Friday. Ambarella has a fifty-two week low of $40.81 and a fifty-two week high of $96.69. The business’s 50 day moving average price is $58.14 and its two-hundred day moving average price is $71.14. The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of -29.65 and a beta of 2.01.

Ambarella (NASDAQ:AMBA) last posted its earnings results on Thursday, February 26th. The semiconductor company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. Ambarella had a negative return on equity of 12.16% and a negative net margin of 19.42%.The firm had revenue of $100.87 million for the quarter, compared to the consensus estimate of $100.17 million. During the same quarter in the prior year, the business earned $0.11 EPS. The business’s revenue for the quarter was up 20.1% on a year-over-year basis. Sell-side analysts forecast that Ambarella will post -2.81 earnings per share for the current year.

Ambarella Company Profile

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.