Ambarella, Inc. (NASDAQ:AMBA) Stock Rated "Hold" by Sell-Side Analysts

Shares of Ambarella, Inc. (NASDAQ:AMBA - Get Free Report) have earned an average recommendation of "Hold" from the twelve brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $89.56.

A number of research firms recently commented on AMBA. Roth Capital lowered their price target on Ambarella from $90.00 to $65.00 and set a "neutral" rating on the stock in a report on Friday, September 4th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Ambarella in a report on Tuesday, October 6th. Needham & Company LLC reaffirmed a "buy" rating on shares of Ambarella in a report on Friday, September 4th. Stifel Nicolaus reduced their price objective on shares of Ambarella from $106.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, September 4th. Finally, Craig Hallum downgraded shares of Ambarella from a "buy" rating to a "hold" rating and set a $70.00 target price on the stock. in a report on Friday, September 4th.

Ambarella Stock Up 0.7%

Shares of Ambarella stock opened at $63.22 on Wednesday. The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of -49.01 and a beta of 2.38. The stock's 50-day simple moving average is $68.50 and its 200-day simple moving average is $70.18. Ambarella has a 52 week low of $48.30 and a 52 week high of $96.69.

Ambarella (NASDAQ:AMBA - Get Free Report) last released its earnings results on Thursday, September 3rd. The semiconductor company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.01. The firm had revenue of $108.12 million during the quarter, compared to analysts' expectations of $107.76 million. Ambarella had a negative return on equity of 10.03% and a negative net margin of 13.48%. The firm's revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the business posted $0.15 earnings per share. On average, equities analysts expect that Ambarella will post -1.12 earnings per share for the current year.

Insider Activity at Ambarella

In other Ambarella news, VP Chi-Hong Ju sold 2,009 shares of Ambarella stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $64.83, for a total value of $130,243.47. Following the sale, the vice president directly owned 154,153 shares in the company, valued at approximately $9,993,738.99. The trade was a 1.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO John Young sold 3,126 shares of the business's stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $64.83, for a total transaction of $202,658.58. Following the completion of the sale, the chief financial officer owned 109,702 shares in the company, valued at approximately $7,111,980.66. The trade was a 2.77% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 16,260 shares of company stock worth $1,060,264 in the last three months. Insiders own 4.50% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in AMBA. Financial Management Professionals Inc. bought a new stake in shares of Ambarella in the second quarter worth about $32,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Ambarella in the second quarter worth about $34,000. Essential Partners LLC boosted its stake in Ambarella by 90.1% during 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 during the last quarter. Cassaday & Co Wealth Management LLC bought a new position in Ambarella during the first quarter valued at approximately $30,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Ambarella by 60.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 668 shares of the semiconductor company's stock worth $34,000 after acquiring an additional 252 shares in the last quarter. Institutional investors own 82.09% of the company's stock.

Ambarella Company Profile

Ambarella, Inc NASDAQ: AMBA is a fabless semiconductor company that develops low-power system-on-chip (SoC) solutions for video processing, computer vision and artificial intelligence at the edge. Its technologies are designed to process and analyze visual data locally in devices, reducing the need to transmit data to centralized cloud systems.

The company's product portfolio includes video-processing SoCs and its CVflow family of artificial intelligence processors. These products support applications such as security cameras, automotive cameras and advanced driver-assistance systems, robotics, industrial automation, consumer devices and other intelligent imaging systems.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.