Shares of Ambarella, Inc. (NASDAQ:AMBA) have been given a consensus recommendation of "Buy" by the seventeen brokerages that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $113.77.
AMBA has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Ambarella from a "sell" rating to a "hold" rating and set a $130.00 price objective for the company in a research note on Friday, February 19th. Wells Fargo & Company assumed coverage on shares of Ambarella in a research note on Monday, March 22nd. They set an "equal weight" rating and a $110.00 target price for the company. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Ambarella from $75.00 to $100.00 and gave the company a "hold" rating in a research note on Wednesday, February 24th. Needham & Company LLC boosted their target price on shares of Ambarella from $80.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, March 3rd. Finally, Stifel Nicolaus boosted their target price on shares of Ambarella from $135.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, June 2nd.
In related news, Director Christopher B. Paisley sold 1,500 shares of the company's stock in a transaction that occurred on Tuesday, June 8th. The shares were sold at an average price of $97.70, for a total transaction of $146,550.00. Following the sale, the director now directly owns 30,092 shares of the company's stock, valued at approximately $2,939,988.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Christopher Day sold 5,616 shares of the firm's stock in a transaction that occurred on Tuesday, March 16th. The shares were sold at an average price of $112.00, for a total transaction of $628,992.00. The disclosure for this sale can be found here. Insiders sold 74,672 shares of company stock valued at $8,341,814 over the last quarter. 5.60% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of AMBA. Principal Financial Group Inc. raised its position in Ambarella by 3,702.2% in the 1st quarter. Principal Financial Group Inc. now owns 429,728 shares of the semiconductor company's stock valued at $43,140,000 after purchasing an additional 418,426 shares in the last quarter. Virtu Financial LLC acquired a new stake in Ambarella in the first quarter valued at approximately $1,115,000. KCL Capital L.P. raised its holdings in Ambarella by 13.1% in the first quarter. KCL Capital L.P. now owns 254,533 shares of the semiconductor company's stock valued at $25,553,000 after acquiring an additional 29,533 shares in the last quarter. Paloma Partners Management Co lifted its stake in Ambarella by 43.1% in the first quarter. Paloma Partners Management Co now owns 6,381 shares of the semiconductor company's stock worth $641,000 after acquiring an additional 1,921 shares during the last quarter. Finally, Voloridge Investment Management LLC grew its holdings in Ambarella by 167.9% during the 1st quarter. Voloridge Investment Management LLC now owns 171,612 shares of the semiconductor company's stock worth $17,228,000 after acquiring an additional 107,542 shares in the last quarter. Institutional investors own 76.83% of the company's stock.
AMBA stock opened at $101.12 on Friday. The firm has a fifty day simple moving average of $97.77. Ambarella has a fifty-two week low of $43.69 and a fifty-two week high of $137.21. The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of -64.41 and a beta of 1.38.
Ambarella (NASDAQ:AMBA) last posted its earnings results on Monday, May 31st. The semiconductor company reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.17 by $0.06. Ambarella had a negative net margin of 23.12% and a negative return on equity of 11.79%. The firm had revenue of $70.10 million during the quarter, compared to analyst estimates of $68.64 million. During the same period last year, the firm posted $0.04 earnings per share. Ambarella's revenue for the quarter was up 28.4% compared to the same quarter last year. Sell-side analysts expect that Ambarella will post -0.79 EPS for the current fiscal year.
Ambarella Company Profile
Ambarella, Inc develops semiconductor solutions for video that enable high-definition (HD) and ultra HD compression, image processing, and deep neural network 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.
Further Reading: P/E Growth (PEG)
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