Ambarella, Inc. (NASDAQ:AMBA) Receives Consensus Recommendation of “Hold” from Brokerages

Ambarella, Inc. (NASDAQ:AMBA) has received an average rating of “Hold” from the ten research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $101.8571.

A number of research analysts have commented on the stock. Susquehanna raised their target price on shares of Ambarella from $80.00 to $110.00 and gave the company a “positive” rating in a research report on Friday, May 29th. Weiss Ratings raised Ambarella from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, July 10th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $120.00 price objective on shares of Ambarella in a research report on Monday. Consumer Edge restated a “buy” rating on shares of Ambarella in a research note on Friday, May 22nd. Finally, Summit Insights lowered Ambarella from a “buy” rating to a “hold” rating in a report on Friday, May 29th.

Insider Buying and Selling at Ambarella

In other news, CFO John Alexander Young sold 5,033 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $67.54, for a total value of $339,928.82. Following the completion of the transaction, the chief financial officer directly owned 112,590 shares in the company, valued at $7,604,328.60. This trade represents a 4.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Yun-Lung Chen sold 5,958 shares of Ambarella stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $78.66, for a total transaction of $468,656.28. Following the sale, the vice president owned 60,557 shares of the company’s stock, valued at approximately $4,763,413.62. The trade was a 8.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 58,519 shares of company stock valued at $4,595,475. Insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On Ambarella

Several institutional investors have recently made changes to their positions in the company. Main Management ETF Advisors LLC increased its stake in shares of Ambarella by 1.0% in the 4th quarter. Main Management ETF Advisors LLC now owns 17,226 shares of the semiconductor company’s stock valued at $1,220,000 after purchasing an additional 176 shares in the last quarter. National Bank of Canada FI grew its holdings in Ambarella by 18.9% in the third quarter. National Bank of Canada FI now owns 1,146 shares of the semiconductor company’s stock valued at $95,000 after purchasing an additional 182 shares during the period. Natixis Advisors LLC grew its holdings in Ambarella by 1.5% in the third quarter. Natixis Advisors LLC now owns 13,721 shares of the semiconductor company’s stock valued at $1,132,000 after purchasing an additional 204 shares during the period. Mariner LLC increased its position in shares of Ambarella by 2.6% in the third quarter. Mariner LLC now owns 8,574 shares of the semiconductor company’s stock valued at $707,000 after buying an additional 219 shares in the last quarter. Finally, Essential Partners LLC increased its position in shares of Ambarella by 90.1% in the first quarter. Essential Partners LLC now owns 481 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 228 shares in the last quarter. 82.09% of the stock is owned by hedge funds and other institutional investors.

Ambarella Price Performance

Ambarella stock opened at $69.38 on Tuesday. The stock has a market cap of $3.04 billion, a price-to-earnings ratio of -43.09 and a beta of 2.12. Ambarella has a 1 year low of $48.30 and a 1 year high of $96.69. The firm has a 50-day moving average of $74.20 and a two-hundred day moving average of $68.24.

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.