Ambarella, Inc. (NASDAQ:AMBA) Receives Consensus Rating of "Moderate Buy" from Brokerages

Shares of Ambarella, Inc. (NASDAQ:AMBA - Get Free Report) have received an average recommendation of "Moderate Buy" from the eleven research firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $74.09.

A number of research firms have commented on AMBA. Morgan Stanley raised their price target on shares of Ambarella from $67.00 to $73.00 and gave the stock an "overweight" rating in a report on Wednesday, August 28th. Needham & Company LLC reaffirmed a "buy" rating and issued a $90.00 target price on shares of Ambarella in a research report on Wednesday, August 28th. Roth Mkm reissued a "neutral" rating and issued a $60.00 price objective on shares of Ambarella in a research note on Wednesday, August 28th. Stifel Nicolaus boosted their price objective on Ambarella from $75.00 to $80.00 and gave the company a "buy" rating in a report on Wednesday, August 28th. Finally, Bank of America lifted their price target on shares of Ambarella from $50.00 to $57.00 and gave the company an "underperform" rating in a research report on Wednesday, August 28th.

Insider Buying and Selling

In other Ambarella news, VP Yun-Lung Chen sold 5,963 shares of Ambarella stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $57.56, for a total transaction of $343,230.28. Following the completion of the sale, the vice president now owns 62,026 shares of the company's stock, valued at $3,570,216.56. The trade was a 8.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Christopher Day sold 483 shares of the firm's stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $53.54, for a total value of $25,859.82. Following the transaction, the vice president now directly owns 21,370 shares in the company, valued at approximately $1,144,149.80. This represents a 2.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,423 shares of company stock worth $1,356,402. Insiders own 5.70% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Point72 Asset Management L.P. raised its holdings in Ambarella by 1,556.9% during the 2nd quarter. Point72 Asset Management L.P. now owns 507,006 shares of the semiconductor company's stock valued at $27,353,000 after buying an additional 476,406 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Ambarella by 36.2% during the second quarter. The Manufacturers Life Insurance Company now owns 1,291,900 shares of the semiconductor company's stock worth $69,698,000 after purchasing an additional 343,385 shares during the period. Barclays PLC grew its stake in shares of Ambarella by 281.3% in the third quarter. Barclays PLC now owns 388,090 shares of the semiconductor company's stock worth $21,891,000 after purchasing an additional 286,296 shares during the last quarter. Marshall Wace LLP increased its holdings in Ambarella by 69.2% during the 2nd quarter. Marshall Wace LLP now owns 613,346 shares of the semiconductor company's stock valued at $33,090,000 after purchasing an additional 250,778 shares during the period. Finally, Vanguard Group Inc. raised its position in Ambarella by 6.1% during the 1st quarter. Vanguard Group Inc. now owns 4,340,831 shares of the semiconductor company's stock valued at $220,384,000 after purchasing an additional 248,297 shares during the last quarter. 82.09% of the stock is owned by institutional investors.

Ambarella Trading Up 0.1 %

NASDAQ:AMBA traded up $0.04 during mid-day trading on Wednesday, hitting $59.07. 208,622 shares of the company's stock were exchanged, compared to its average volume of 569,581. Ambarella has a fifty-two week low of $39.69 and a fifty-two week high of $65.88. The firm has a market capitalization of $2.44 billion, a P/E ratio of -13.54 and a beta of 1.63. The company has a 50 day simple moving average of $57.16 and a 200-day simple moving average of $54.28.

Ambarella (NASDAQ:AMBA - Get Free Report) last released its quarterly earnings results on Tuesday, August 27th. The semiconductor company reported ($0.13) EPS for the quarter, beating analysts' consensus estimates of ($0.19) by $0.06. Ambarella had a negative return on equity of 26.01% and a negative net margin of 79.46%. The firm had revenue of $63.70 million for the quarter, compared to analyst estimates of $62.10 million. During the same quarter in the previous year, the company posted ($0.76) EPS. The business's revenue was up 2.6% on a year-over-year basis. As a group, analysts expect that Ambarella will post -3 earnings per share for the current year.

About Ambarella

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.