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

Ambarella, Inc. (NASDAQ:AMBA) has earned an average rating of “Moderate Buy” from the twelve research firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $71.08.

A number of analysts recently weighed in on AMBA shares. Bank of America decreased their price target on Ambarella from $62.00 to $50.00 and set an “underperform” rating on the stock in a research note on Tuesday, April 16th. StockNews.com upgraded shares of Ambarella to a “sell” rating in a research note on Friday, April 26th. Morgan Stanley boosted their price objective on shares of Ambarella from $67.00 to $73.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Needham & Company LLC reiterated a “buy” rating and set a $90.00 price target on shares of Ambarella in a research report on Wednesday, February 28th. Finally, Susquehanna boosted their price target on Ambarella from $70.00 to $80.00 and gave the stock a “positive” rating in a research note on Wednesday, February 28th.

Insiders Place Their Bets

In other news, COO Chan W. Lee sold 1,075 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $49.27, for a total value of $52,965.25. Following the sale, the chief operating officer now directly owns 124,146 shares in the company, valued at $6,116,673.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, COO Chan W. Lee sold 1,075 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $49.27, for a total value of $52,965.25. Following the completion of the transaction, the chief operating officer now owns 124,146 shares of the company’s stock, valued at $6,116,673.42. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Feng-Ming Wang sold 2,173 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $49.27, for a total transaction of $107,063.71. Following the sale, the chief executive officer now owns 806,632 shares in the company, valued at approximately $39,742,758.64. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,648 shares of company stock valued at $327,595. Corporate insiders own 5.90% of the company’s stock.

Hedge Funds Weigh In On Ambarella

Several large investors have recently added to or reduced their stakes in AMBA. Vanguard Group Inc. increased its stake in shares of Ambarella by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 4,092,534 shares of the semiconductor company’s stock valued at $250,831,000 after acquiring an additional 69,864 shares during the last quarter. Kodai Capital Management LP acquired a new position in Ambarella during the fourth quarter worth approximately $65,543,000. Dimensional Fund Advisors LP increased its position in Ambarella by 4.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 704,350 shares of the semiconductor company’s stock worth $43,171,000 after purchasing an additional 29,379 shares during the last quarter. Rokos Capital Management LLP raised its stake in Ambarella by 121.0% during the third quarter. Rokos Capital Management LLP now owns 649,574 shares of the semiconductor company’s stock worth $34,626,000 after purchasing an additional 355,689 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Ambarella by 24.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 533,964 shares of the semiconductor company’s stock valued at $32,727,000 after purchasing an additional 104,072 shares during the last quarter. 82.09% of the stock is currently owned by hedge funds and other institutional investors.

Ambarella Stock Performance

Shares of AMBA opened at $47.85 on Friday. Ambarella has a fifty-two week low of $40.31 and a fifty-two week high of $89.18. The firm has a 50-day simple moving average of $49.62 and a 200-day simple moving average of $53.22. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of -11.29 and a beta of 1.65.

Ambarella (NASDAQ:AMBA) last posted its quarterly earnings data on Tuesday, February 27th. The semiconductor company reported ($0.95) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.98) by $0.03. The company had revenue of $51.62 million during the quarter, compared to analysts’ expectations of $51.68 million. Ambarella had a negative return on equity of 23.78% and a negative net margin of 74.81%. Equities research analysts forecast that Ambarella will post -3.53 EPS for the current year.

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.