Brokerages Set Ambarella, Inc. (NASDAQ:AMBA) Target Price at $71.75

Shares of Ambarella, Inc. (NASDAQ:AMBA - Get Free Report) have been assigned an average rating of "Moderate Buy" from the eleven research firms that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $71.75.

Several equities research analysts have recently weighed in on AMBA shares. Wells Fargo & Company lowered Ambarella from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $85.00 to $65.00 in a research note on Wednesday, January 3rd. StockNews.com raised shares of Ambarella to a "sell" rating in a research note on Friday, February 2nd. Susquehanna upped their price objective on shares of Ambarella from $70.00 to $80.00 and gave the company a "positive" rating in a report on Wednesday, February 28th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $85.00 price objective on shares of Ambarella in a research report on Wednesday, December 13th. Finally, Morgan Stanley upped their price target on shares of Ambarella from $67.00 to $73.00 and gave the company an "overweight" rating in a research note on Wednesday, February 28th.

Insider Buying and Selling at Ambarella

In other Ambarella news, CEO Feng-Ming Wang sold 2,173 shares of the company's stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $49.27, for a total value of $107,063.71. Following the sale, the chief executive officer now owns 806,632 shares in the company, valued at $39,742,758.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, COO Chan W. Lee sold 1,075 shares of the business's stock in a transaction on Monday, March 18th. The shares were sold at an average price of $49.27, for a total transaction of $52,965.25. Following the completion of the transaction, the chief operating officer now directly owns 124,146 shares in the company, valued at approximately $6,116,673.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Feng-Ming Wang sold 2,173 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $49.27, for a total transaction of $107,063.71. Following the sale, the chief executive officer now owns 806,632 shares of the company's stock, valued at $39,742,758.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,648 shares of company stock worth $327,595. 5.90% of the stock is currently owned by insiders.

Institutional Trading of Ambarella

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Ambarella by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 4,092,534 shares of the semiconductor company's stock valued at $250,831,000 after purchasing an additional 69,864 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in Ambarella in the fourth quarter valued at about $239,000. Price T Rowe Associates Inc. MD lifted its position in shares of Ambarella by 6.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 19,073 shares of the semiconductor company's stock valued at $1,169,000 after acquiring an additional 1,219 shares during the period. Legal & General Group Plc grew its stake in Ambarella by 37.2% in the 4th quarter. Legal & General Group Plc now owns 456,646 shares of the semiconductor company's stock worth $27,988,000 after acquiring an additional 123,817 shares during the period. Finally, Barclays PLC boosted its position in Ambarella by 359.7% during the 4th quarter. Barclays PLC now owns 76,580 shares of the semiconductor company's stock worth $4,694,000 after purchasing an additional 59,923 shares during the period. Hedge funds and other institutional investors own 82.09% of the company's stock.

Ambarella Stock Performance

Ambarella stock traded up $1.82 during trading on Tuesday, hitting $50.22. The company's stock had a trading volume of 328,816 shares, compared to its average volume of 539,693. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of -11.84 and a beta of 1.66. The stock's fifty day moving average is $52.94 and its 200 day moving average is $54.29. Ambarella has a 1-year low of $43.59 and a 1-year high of $89.18.

Ambarella (NASDAQ:AMBA - Get Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The semiconductor company reported ($0.95) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.98) by $0.03. Ambarella had a negative return on equity of 23.78% and a negative net margin of 74.81%. The firm had revenue of $51.62 million for the quarter, compared to analysts' expectations of $51.68 million. On average, research analysts anticipate that Ambarella will post -3.53 EPS for the current fiscal year.

About Ambarella

Ambarella, Inc develops semiconductor solutions 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.