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

Key Points

• Ambarella has a consensus “Hold” rating among 10 analysts, with five buys, four holds and one sell. The average 12-month price target is $101.86.
• Recent analyst actions were mixed: Susquehanna raised its price target to $110 and maintained a positive view, while Summit Insights downgraded the stock to “Hold.”
• Institutional investors own 82.09% of Ambarella, while insiders own 4.50%; insiders have sold $4.6 million worth of shares over the past 90 days. The stock opened at $69.38, down 1.8%.

Ambarella, Inc. (NASDAQ:AMBA - Get Free Report) has received an average rating of "Hold" from the ten analysts that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $101.8571.

AMBA has been the subject of a number of recent research reports. Weiss Ratings raised shares of Ambarella from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Friday, July 10th. Consumer Edge reaffirmed a "buy" rating on shares of Ambarella in a report on Friday, May 22nd. Susquehanna boosted their price target on Ambarella from $80.00 to $110.00 and gave the company a "positive" rating in a report on Friday, May 29th. Stifel Nicolaus set a $106.00 price target on Ambarella in a research report on Friday, May 29th. Finally, Summit Insights downgraded Ambarella from a "buy" rating to a "hold" rating in a research note on Friday, May 29th.

Insider Activity at Ambarella

In other Ambarella news, insider Chan W. Lee sold 2,951 shares of the business's stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $67.87, for a total value of $200,284.37. Following the sale, the insider owned 157,098 shares in the company, valued at $10,662,241.26. The trade was a 1.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Yun-Lung Chen sold 5,958 shares of the stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $78.66, for a total value of $468,656.28. Following the transaction, the vice president directly 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. Insiders have sold 58,519 shares of company stock worth $4,595,475 in the last 90 days. Insiders own 4.50% of the company's stock.

Institutional Investors Weigh In On Ambarella

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Ambarella in the second quarter valued at $232,000. California State Teachers Retirement System boosted its stake in shares of Ambarella by 8,490.9% during the 2nd quarter. California State Teachers Retirement System now owns 4,116,598 shares of the semiconductor company's stock worth $353,204,000 after purchasing an additional 4,068,680 shares during the period. Greenland Capital Management LP bought a new position in Ambarella during the 2nd quarter valued at about $433,000. Readystate Asset Management LP bought a new position in Ambarella during the 2nd quarter valued at about $307,000. Finally, Odyssean LLC purchased a new stake in Ambarella in the 2nd quarter worth about $2,247,000. 82.09% of the stock is currently owned by hedge funds and other institutional investors.

Ambarella Trading Down 1.8%

Shares of AMBA stock opened at $69.38 on Tuesday. Ambarella has a 12-month low of $48.30 and a 12-month high of $96.69. The stock has a market capitalization of $3.04 billion, a P/E ratio of -43.09 and a beta of 2.12. The firm's 50 day moving average is $74.20 and its 200 day moving average is $68.24.

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.

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