Northland Capmk Predicts Ambarella Q2 Earnings

Ambarella, Inc. (NASDAQ:AMBA - Free Report) - Equities research analysts at Northland Capmk issued their Q2 2027 earnings per share estimates for Ambarella in a report released on Thursday, February 27th. Northland Capmk analyst G. Richard anticipates that the semiconductor company will post earnings per share of ($0.62) for the quarter. The consensus estimate for Ambarella's current full-year earnings is ($2.81) per share.

Several other research firms have also issued reports on AMBA. Craig Hallum increased their price target on shares of Ambarella from $85.00 to $90.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Northland Securities reiterated an "outperform" rating and issued a $95.00 price target (up previously from $75.00) on shares of Ambarella in a research note on Wednesday, November 27th. Susquehanna upped their price objective on Ambarella from $95.00 to $100.00 and gave the stock a "positive" rating in a research report on Wednesday, January 22nd. Morgan Stanley lifted their target price on Ambarella from $73.00 to $90.00 and gave the company an "overweight" rating in a research report on Wednesday, November 27th. Finally, Stifel Nicolaus upped their price objective on shares of Ambarella from $95.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $86.67.

Ambarella Trading Down 7.5 %

Ambarella stock traded down $4.62 during trading hours on Monday, reaching $56.81. 1,556,419 shares of the stock were exchanged, compared to its average volume of 840,639. The stock has a 50 day moving average of $76.07 and a two-hundred day moving average of $65.32. The company has a market cap of $2.37 billion, a P/E ratio of -14.72 and a beta of 1.66. Ambarella has a twelve month low of $39.69 and a twelve month high of $85.15.

Institutional Investors Weigh In On Ambarella

A number of hedge funds have recently added to or reduced their stakes in AMBA. Tributary Capital Management LLC boosted its holdings in shares of Ambarella by 15.4% during the 4th quarter. Tributary Capital Management LLC now owns 287,565 shares of the semiconductor company's stock worth $20,917,000 after buying an additional 38,380 shares in the last quarter. Dynamic Technology Lab Private Ltd grew its holdings in Ambarella by 592.2% in the third quarter. Dynamic Technology Lab Private Ltd now owns 25,883 shares of the semiconductor company's stock worth $1,460,000 after purchasing an additional 22,144 shares during the period. Asset Management One Co. Ltd. bought a new stake in Ambarella in the fourth quarter valued at $553,000. Mirabella Financial Services LLP bought a new stake in Ambarella in the third quarter valued at $1,530,000. Finally, FMR LLC raised its holdings in shares of Ambarella by 185.4% during the third quarter. FMR LLC now owns 17,102 shares of the semiconductor company's stock valued at $965,000 after purchasing an additional 11,110 shares during the period. 82.09% of the stock is currently owned by institutional investors.

Insider Activity

In other news, COO Chan W. Lee sold 1,488 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $75.41, for a total transaction of $112,210.08. Following the completion of the sale, the chief operating officer now directly owns 119,918 shares in the company, valued at $9,043,016.38. This represents a 1.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Hsiao-Wuen Hon sold 377 shares of the business's stock in a transaction on Friday, December 13th. The shares were sold at an average price of $74.15, for a total transaction of $27,954.55. Following the completion of the transaction, the director now owns 28,278 shares in the company, valued at approximately $2,096,813.70. The trade was a 1.32 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,583 shares of company stock valued at $1,853,918. Company insiders own 5.70% of the company's stock.

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.