Analysts Set Ambarella, Inc. (NASDAQ:AMBA) Price Target at $96.00

Shares of Ambarella, Inc. (NASDAQ:AMBA) have been given a consensus recommendation of “Moderate Buy” by the fourteen ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, seven have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $96.00.

AMBA has been the topic of several research analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ambarella in a research report on Wednesday, January 21st. Rosenblatt Securities reiterated a “buy” rating and set a $115.00 price objective on shares of Ambarella in a research report on Monday, March 23rd. Finally, Consumer Edge reiterated a “buy” rating on shares of Ambarella in a research report on Tuesday, February 24th.

Insider Activity at Ambarella

In other news, VP Chi-Hong Ju sold 4,729 shares of the business’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 transaction, the vice president directly owned 164,166 shares in the company, valued at $8,663,039.82. The trade was a 2.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO John Alexander Young sold 4,577 shares of the business’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 $241,528.29. Following the transaction, the chief financial officer owned 117,072 shares in the company, valued at approximately $6,177,889.44. This represents a 3.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 103,899 shares of company stock valued at $5,921,677. Insiders own 5.70% of the company’s stock.

Hedge Funds Weigh In On Ambarella

Several institutional investors and hedge funds have recently modified their holdings of AMBA. Price T Rowe Associates Inc. MD grew its holdings in shares of Ambarella by 2,312.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 864,610 shares of the semiconductor company’s stock valued at $61,250,000 after acquiring an additional 828,773 shares in the last quarter. UBS Group AG grew its holdings in shares of Ambarella by 379.3% during the 3rd quarter. UBS Group AG now owns 821,747 shares of the semiconductor company’s stock valued at $67,811,000 after acquiring an additional 650,306 shares in the last quarter. Squarepoint Ops LLC purchased a new position in shares of Ambarella during the 2nd quarter valued at $36,810,000. Barclays PLC grew its holdings in shares of Ambarella by 121.7% during the 3rd quarter. Barclays PLC now owns 775,113 shares of the semiconductor company’s stock valued at $63,962,000 after acquiring an additional 425,546 shares in the last quarter. Finally, Balyasny Asset Management L.P. grew its holdings in shares of Ambarella by 894.7% during the 2nd quarter. Balyasny Asset Management L.P. now owns 459,562 shares of the semiconductor company’s stock valued at $30,361,000 after acquiring an additional 413,362 shares in the last quarter. 82.09% of the stock is currently owned by hedge funds and other institutional investors.

Ambarella Stock Performance

NASDAQ AMBA opened at $74.36 on Wednesday. Ambarella has a twelve month low of $48.30 and a twelve month high of $96.69. The stock has a market cap of $3.26 billion, a price-to-earnings ratio of -41.78 and a beta of 2.17. The firm’s 50 day moving average price is $57.34 and its two-hundred day moving average price is $68.74.

Ambarella (NASDAQ:AMBA) last posted its quarterly earnings data on Thursday, February 26th. The semiconductor company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.03. Ambarella had a negative net margin of 19.42% and a negative return on equity of 12.16%. The firm had revenue of $100.87 million for the quarter, compared to analysts’ expectations of $100.17 million. During the same period in the previous year, the company posted $0.11 EPS. The company’s quarterly revenue was up 20.1% compared to the same quarter last year. On average, research analysts forecast that Ambarella will post -1.27 EPS for the current fiscal year.

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.