Ambarella, Inc. (NASDAQ:AMBA) Stock Has Consensus Target Price of $89.56 According to Analysts

Shares of Ambarella, Inc. (NASDAQ:AMBA) have been given an average rating of “Hold” by the twelve brokerages that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $89.56.

AMBA has been the topic of several recent research reports. Needham & Company LLC restated a “buy” rating on shares of Ambarella in a research report on Friday, September 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ambarella in a research report on Tuesday, October 6th. Rosenblatt Securities reiterated a “buy” rating and issued a $120.00 price target on shares of Ambarella in a research report on Wednesday, September 16th. Bank of America reduced their price objective on Ambarella from $96.00 to $70.00 and set a “neutral” rating on the stock in a research note on Friday, September 4th. Finally, Oppenheimer reissued a “market perform” rating on shares of Ambarella in a research note on Friday, September 4th.

Insider Buying and Selling

In related news, CFO John Young sold 1,896 shares of the firm’s stock in a transaction on Friday, September 18th. The stock was sold at an average price of $67.28, for a total value of $127,562.88. Following the completion of the sale, the chief financial officer directly owned 107,806 shares in the company, valued at $7,253,187.68. This trade represents a 1.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Feng-Ming Wang sold 6,086 shares of Ambarella stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $64.83, for a total transaction of $394,555.38. Following the transaction, the chief executive officer directly owned 767,759 shares of the company’s stock, valued at $49,773,815.97. The trade was a 0.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 16,260 shares of company stock valued at $1,060,264 over the last quarter. Company insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AMBA. Pinnacle Associates Ltd. lifted its stake in Ambarella by 4.9% in the third quarter. Pinnacle Associates Ltd. now owns 428,683 shares of the semiconductor company’s stock worth $29,798,000 after purchasing an additional 19,837 shares during the last quarter. SteelPeak Wealth LLC purchased a new position in shares of Ambarella during the third quarter valued at approximately $547,000. State of Alaska Department of Revenue grew its stake in shares of Ambarella by 41.0% during the third quarter. State of Alaska Department of Revenue now owns 2,775 shares of the semiconductor company’s stock valued at $192,000 after buying an additional 807 shares during the last quarter. Krilogy Financial LLC grew its stake in shares of Ambarella by 8.1% during the third quarter. Krilogy Financial LLC now owns 4,917 shares of the semiconductor company’s stock valued at $319,000 after buying an additional 369 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of Ambarella by 42.9% in the third quarter. Farther Finance Advisors LLC now owns 2,861 shares of the semiconductor company’s stock worth $199,000 after buying an additional 859 shares during the period. Institutional investors own 82.09% of the company’s stock.

Ambarella Stock Up 0.7%

Ambarella stock opened at $63.22 on Wednesday. Ambarella has a 52-week low of $48.30 and a 52-week high of $96.69. The firm’s fifty day moving average is $68.50 and its 200 day moving average is $70.18. The company has a market cap of $2.79 billion, a price-to-earnings ratio of -49.01 and a beta of 2.38.

Ambarella (NASDAQ:AMBA) last issued its quarterly earnings data on Thursday, September 3rd. The semiconductor company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. Ambarella had a negative net margin of 13.48% and a negative return on equity of 10.03%. The business had revenue of $108.12 million during the quarter, compared to analysts’ expectations of $107.76 million. During the same period last year, the company posted $0.15 EPS. The business’s revenue was up 13.2% on a year-over-year basis. On average, equities research analysts anticipate that Ambarella will post -1.12 earnings per share for the current fiscal year.

Ambarella Company Profile

Ambarella, Inc (NASDAQ:AMBA) is a fabless semiconductor company that develops low-power system-on-chip (SoC) solutions for video processing, computer vision and artificial intelligence at the edge. Its technologies are designed to process and analyze visual data locally in devices, reducing the need to transmit data to centralized cloud systems.

The company’s product portfolio includes video-processing SoCs and its CVflow family of artificial intelligence processors. These products support applications such as security cameras, automotive cameras and advanced driver-assistance systems, robotics, industrial automation, consumer devices and other intelligent imaging systems.