Ambarella, Inc. (NASDAQ:AMBA) Receives $96.00 Average Price Target from Analysts

by · The Cerbat Gem

Ambarella, Inc. (NASDAQ:AMBA – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the fourteen analysts that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $96.00.

Several equities research analysts have recently commented on AMBA shares. Roth Capital reissued a “neutral” rating on shares of Ambarella in a research note on Wednesday, November 26th. Stifel Nicolaus reaffirmed a “buy” rating and set a $100.00 price target (up previously from $90.00) on shares of Ambarella in a research note on Wednesday, November 26th. Morgan Stanley raised their price target on Ambarella from $80.00 to $96.00 and gave the company an “overweight” rating in a report on Friday, August 29th. Consumer Edge reissued a “buy” rating on shares of Ambarella in a report on Friday, November 21st. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Ambarella in a research report on Wednesday, October 8th.

View Our Latest Stock Report on AMBA

Ambarella Trading Up 1.4%

Shares of NASDAQ AMBA opened at $71.06 on Friday. Ambarella has a 1-year low of $38.86 and a 1-year high of $96.69. The company has a 50-day moving average of $83.49 and a two-hundred day moving average of $73.03. The company has a market cap of $3.03 billion, a PE ratio of -37.80 and a beta of 1.98.

Ambarella (NASDAQ:AMBA – Get Free Report) last issued its quarterly earnings results on Tuesday, November 25th. The semiconductor company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.06. Ambarella had a negative net margin of 21.31% and a negative return on equity of 13.14%. The business had revenue of $108.45 million during the quarter, compared to analyst estimates of $104.11 million. During the same quarter last year, the business posted $0.11 earnings per share. Ambarella’s revenue for the quarter was up 31.2% compared to the same quarter last year. As a group, equities research analysts forecast that Ambarella will post -2.81 earnings per share for the current year.

Insiders Place Their Bets

In other Ambarella news, CEO Feng-Ming Wang sold 4,928 shares of the company’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $79.43, for a total transaction of $391,431.04. Following the completion of the sale, the chief executive officer owned 788,929 shares in the company, valued at approximately $62,664,630.47. The trade was a 0.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO John Alexander Young sold 2,566 shares of the stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $79.43, for a total value of $203,817.38. Following the completion of the transaction, the chief financial officer directly owned 109,108 shares in the company, valued at approximately $8,666,448.44. This trade represents a 2.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 35,227 shares of company stock valued at $2,875,131 over the last three months. 5.30% of the stock is owned by insiders.

Institutional Trading of Ambarella

A number of large investors have recently made changes to their positions in the company. Bayforest Capital Ltd lifted its holdings in shares of Ambarella by 72.2% during the 2nd quarter. Bayforest Capital Ltd now owns 9,461 shares of the semiconductor company’s stock valued at $625,000 after purchasing an additional 3,966 shares in the last quarter. Sigma Planning Corp bought a new stake in Ambarella during the 2nd quarter worth approximately $373,000. Creative Planning raised its holdings in Ambarella by 30.8% during the 2nd quarter. Creative Planning now owns 21,569 shares of the semiconductor company’s stock worth $1,425,000 after buying an additional 5,085 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in Ambarella during the 2nd quarter worth approximately $471,000. Finally, Stanley Laman Group Ltd. bought a new position in Ambarella in the second quarter valued at approximately $7,344,000. Institutional investors own 82.09% of the company’s stock.

Ambarella Company Profile

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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.

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