Susquehanna Forecasts Strong Price Appreciation for Ambarella (NASDAQ:AMBA) Stock

Ambarella (NASDAQ:AMBA) had its price target hoisted by stock analysts at Susquehanna from $80.00 to $110.00 in a report issued on Friday,Benzinga reports. The firm presently has a “positive” rating on the semiconductor company’s stock. Susquehanna’s price objective would indicate a potential upside of 50.68% from the stock’s current price.

AMBA has been the subject of a number of other research reports. Rosenblatt Securities reiterated a “buy” rating and issued a $115.00 price target on shares of Ambarella in a research note on Tuesday. Bank of America reissued a “neutral” rating on shares of Ambarella in a research note on Friday. Stifel Nicolaus set a $106.00 price objective on shares of Ambarella in a research report on Friday. Summit Insights downgraded shares of Ambarella from a “buy” rating to a “hold” rating in a report on Friday. Finally, Consumer Edge restated a “buy” rating on shares of Ambarella in a research report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Ambarella presently has a consensus rating of “Moderate Buy” and an average price target of $99.25.

Ambarella Trading Down 20.5%

Ambarella stock traded down $18.84 during midday trading on Friday, hitting $73.00. The stock had a trading volume of 2,040,394 shares, compared to its average volume of 946,965. Ambarella has a 52-week low of $48.30 and a 52-week high of $96.69. The company has a market capitalization of $3.20 billion, a PE ratio of -41.26 and a beta of 2.17. The firm’s fifty day moving average is $65.50 and its two-hundred day moving average is $68.42.

Ambarella (NASDAQ:AMBA) last announced its quarterly earnings data on Thursday, May 28th. The semiconductor company reported $0.11 earnings per share (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 net margin of 19.42% and a negative return on equity of 12.16%. The company’s revenue for the quarter was up 16.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.07 earnings per share. As a group, equities research analysts predict that Ambarella will post -1.27 earnings per share for the current fiscal year.

Insider Buying and Selling at Ambarella

In related news, VP Chi-Hong Ju sold 4,729 shares of the company’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $52.77, for a total transaction of $249,549.33. Following the sale, the vice president owned 164,166 shares of the company’s stock, valued at $8,663,039.82. This represents a 2.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO John Alexander Young sold 4,577 shares of the stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $52.77, for a total transaction of $241,528.29. Following the transaction, the chief financial officer owned 117,072 shares of the company’s stock, valued at $6,177,889.44. This trade represents a 3.76% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 136,799 shares of company stock valued at $8,917,902. 4.50% of the stock is owned by company insiders.

Institutional Trading of Ambarella

Several hedge funds have recently made changes to their positions in the business. Advisory Services Network LLC bought a new position in shares of Ambarella in the 3rd quarter valued at about $33,000. EverSource Wealth Advisors LLC increased its stake in Ambarella by 362.2% during the second quarter. EverSource Wealth Advisors LLC now owns 416 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 326 shares during the last quarter. Essential Partners LLC raised its position in Ambarella by 90.1% during the first quarter. Essential Partners LLC now owns 481 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 228 shares during the period. Steward Partners Investment Advisory LLC lifted its stake in shares of Ambarella by 162.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 525 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 325 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC purchased a new position in shares of Ambarella in the 1st quarter worth approximately $30,000. 82.09% of the stock is currently owned by hedge funds and other institutional investors.

Ambarella News Summary

Here are the key news stories impacting Ambarella this week:

• Positive Sentiment: Ambarella reported fiscal Q1 revenue of $100.4 million, up 16.9% year over year, while EPS of $0.11 matched estimates and revenue slightly topped forecasts, signaling steady execution in its edge-AI chip business. Ambarella (AMBA) Meets Q1 Earnings Estimates
• Positive Sentiment: The company guided second-quarter revenue to $105 million-$111 million, above Wall Street expectations at the midpoint, which suggests continued momentum into the next quarter. Ambarella outlines $105M-$111M Q2 revenue while Hanwha agreement targets $800M+ over 10+ years
• Positive Sentiment: Ambarella announced a long-term edge-AI agreement with Hanwha that could generate more than $800 million in potential revenue over 10+ years, reinforcing demand for its platform in robotics, industrial automation, and related markets. Hanwha and Ambarella Enter Into Long-Term Edge AI Agreement
• Positive Sentiment: Analyst sentiment improved after the results, with Needham reiterating Buy and raising its target to $100 and Bank of America lifting its target to $96, both citing longer-term edge-AI upside. Quinn Bolton Reiterates Buy on Ambarella, Sets $100 DCF-Based Price Target on Strengthening Auto, Robotics, and Long-Term Deal Momentum
• Neutral Sentiment: CEO Feng-Ming Wang and CFO John Alexander Young disclosed pre-arranged 10b5-1 stock sales, which are often viewed as routine trading activity rather than a strong fundamental signal. MarketBeat AMBA insider transactions

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.