Ambarella (AMBA) Stock Forecast, Price & News

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ambarella in the last twelve months. There are currently 4 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" AMBA shares.
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19 Wall Street analysts have issued 12-month price targets for Ambarella's stock. Their AMBA share price forecasts range from $58.00 to $120.00. On average, they anticipate the company's share price to reach $83.90 in the next twelve months. This suggests a possible upside of 59.4% from the stock's current price.
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Ambarella's stock was trading at $82.23 on January 1st, 2023. Since then, AMBA stock has decreased by 36.0% and is now trading at $52.65.
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Ambarella saw a increase in short interest in August. As of August 31st, there was short interest totaling 1,340,000 shares, an increase of 11.7% from the August 15th total of 1,200,000 shares. Based on an average trading volume of 599,000 shares, the days-to-cover ratio is currently 2.2 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, December 7th 2023.
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Ambarella, Inc. (NASDAQ:AMBA) released its quarterly earnings results on Tuesday, August, 29th. The semiconductor company reported ($0.15) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.06. The semiconductor company had revenue of $62.10 million for the quarter, compared to the consensus estimate of $62.02 million. Ambarella had a negative net margin of 33.72% and a negative trailing twelve-month return on equity of 14.39%. The business's revenue for the quarter was down 23.2% on a year-over-year basis. During the same period in the previous year, the business earned ($0.51) earnings per share.

ETFs with the largest weight of Ambarella (NASDAQ:AMBA) stock in their portfolio include ProShares S&P Kensho Smart Factories ETF (MAKX), SPDR S&P Semiconductor ETF (XSD), ProShares On-Demand ETF (OND), ProShares Metaverse ETF (VERS), First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT), Direxion Moonshot Innovators ETF (MOON), Global X Internet of Things Thematic ETF (SNSR) and WisdomTree Artificial Intelligence and Innovation Fund (WTAI).

Ambarella issued an update on its third quarter 2024 earnings guidance on Tuesday, August, 29th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $48.00 million-$52.00 million, compared to the consensus revenue estimate of $67.60 million.

27 employees have rated Ambarella Chief Executive Officer Feng-Ming (Fermi) Wang on Glassdoor.com. Feng-Ming (Fermi) Wang has an approval rating of 85% among the company's employees. 87.0% of employees surveyed would recommend working at Ambarella to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Ambarella investors own include NVIDIA (NVDA), Alibaba Group (BABA), Micron Technology (MU), Tesla (TSLA), Netflix (NFLX), Skyworks Solutions (SWKS), Baidu (BIDU), Gilead Sciences (GILD), Cisco Systems (CSCO) and Advanced Micro Devices (AMD).

Ambarella trades on the NASDAQ under the ticker symbol "AMBA."

Ambarella's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.75%), William Blair Investment Management LLC (4.40%), State Street Corp (3.83%), Point72 Asset Management L.P. (3.51%), Geode Capital Management LLC (1.98%) and Credit Suisse AG (1.79%). Insiders that own company stock include Andrew W Verhalen, Brian C White, Chan W Lee, Chenming Hu, Chi-Hong Ju, Christopher B Paisley, Christopher Day, David Jeffrey Richardson, Elizabeth M Schwarting, Feng-Ming Wang, Kevin C Eichler, Kevin C Eichler, Leslie Kohn, Teresa H Meng and Yun-Lung Chen.
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Shares of AMBA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of AMBA stock can currently be purchased for approximately $52.65.

Ambarella (NASDAQ:AMBA) has a market capitalization of $2.10 billion and generates $337.61 million in revenue each year. The semiconductor company earns $-65,390,000.00 in net income (profit) each year or ($2.50) on an earnings per share basis.

The company employs 937 workers across the globe.

Ambarella's mailing address is 3101 Jay Street, Santa Clara CA, 95054. The official website for the company is www.ambarella.com. The semiconductor company can be reached via phone at (408) 734-8888, via email at ir@ambarella.com, or via fax at 408-734-0788.