Ambarella - AMBA Stock Forecast, Price & News

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. Its solutions are used in automotive cameras, such as automotive video recorders, electronic mirrors, front advanced driver assistance system camera, cabin monitoring system and driver monitoring system camera, and central domain controllers for autonomous vehicle; and professional and home internet protocol security camera; robotics and industrial application, including identification/authentication cameras, robotic products, and sensing cameras, as well as cameras for the home, public spaces, and consumer leisure comprising wearable body cameras, sports action cameras, social media cameras, drones for capturing aerial video or photographs, video conferencing, and virtual reality applications. The company sells its solutions to original design manufacturers and original equipment manufacturers through its direct sales force and distributors. Ambarella, Inc. was incorporated in 2004 and is headquartered in Santa Clara, California.

Analysts Set New Price Targets

A number of analysts recently weighed in on AMBA shares. KeyCorp reduced their price objective on shares of Ambarella from $160.00 to $120.00 and set an "overweight" rating on the stock in a research report on Wednesday, June 1st. Rosenblatt Securities reduced their target price on shares of Ambarella from $200.00 to $125.00 and set a "buy" rating on the stock in a research report on Wednesday, June 1st. Wells Fargo & Company reduced their target price on shares of Ambarella from $125.00 to $110.00 and set an "overweight" rating on the stock in a research report on Wednesday, June 1st. Robert W. Baird reduced their target price on shares of Ambarella from $200.00 to $125.00 and set an "outperform" rating on the stock in a research report on Thursday, June 2nd. Finally, StockNews.com raised shares of Ambarella from a "sell" rating to a "hold" rating in a research report on Monday, June 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $132.20.

Ambarella Price Performance

AMBA traded up $0.60 during trading on Monday, hitting $92.35. The stock had a trading volume of 359,562 shares, compared to its average volume of 677,826. Ambarella has a twelve month low of $60.56 and a twelve month high of $227.59. The stock has a 50 day simple moving average of $75.04 and a two-hundred day simple moving average of $91.32.

Ambarella (NASDAQ:AMBA - Get Rating) last posted its quarterly earnings data on Tuesday, May 31st. The semiconductor company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.07). Ambarella had a negative return on equity of 4.69% and a negative net margin of 7.50%. The company had revenue of $90.31 million for the quarter, compared to analyst estimates of $90.09 million. During the same quarter in the previous year, the firm posted ($0.29) earnings per share. The company's quarterly revenue was up 28.8% on a year-over-year basis. As a group, analysts predict that Ambarella will post -1.33 earnings per share for the current fiscal year.

Insider Transactions at Ambarella

In other news, CEO Feng-Ming Wang sold 3,937 shares of Ambarella stock in a transaction on Thursday, June 16th. The shares were sold at an average price of $66.26, for a total transaction of $260,865.62. Following the completion of the sale, the chief executive officer now directly owns 689,918 shares in the company, valued at $45,713,966.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Feng-Ming Wang sold 3,937 shares of the firm's stock in a transaction on Thursday, June 16th. The shares were sold at an average price of $66.26, for a total transaction of $260,865.62. Following the completion of the transaction, the chief executive officer now owns 689,918 shares of the company's stock, valued at $45,713,966.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Christopher B. Paisley sold 750 shares of the firm's stock in a transaction on Monday, June 13th. The stock was sold at an average price of $73.90, for a total transaction of $55,425.00. Following the transaction, the director now directly owns 31,263 shares of the company's stock, valued at approximately $2,310,335.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,297 shares of company stock worth $688,055. Company insiders own 6.60% of the company's stock.