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 1 sell rating, 5 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" AMBA shares.
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19 Wall Street research analysts have issued 12 month price objectives for Ambarella's stock. Their AMBA share price forecasts range from $75.00 to $120.00. On average, they expect the company's stock price to reach $95.78 in the next twelve months. This suggests a possible upside of 25.5% from the stock's current price.
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Ambarella's stock was trading at $82.23 at the beginning of the year. Since then, AMBA shares have decreased by 7.2% and is now trading at $76.35.
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Ambarella saw a decline in short interest in the month of March. As of March 15th, there was short interest totaling 1,090,000 shares, a decline of 5.2% from the February 28th total of 1,150,000 shares. Based on an average daily volume of 496,000 shares, the days-to-cover ratio is presently 2.2 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 30th 2023.
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Ambarella, Inc. (NASDAQ:AMBA) posted its quarterly earnings data on Monday, August, 30th. The semiconductor company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.25 by $0.10. The semiconductor company had revenue of $79.30 million for the quarter, compared to the consensus estimate of $75.91 million. Ambarella had a negative trailing twelve-month return on equity of 8.94% and a negative net margin of 19.37%. The firm's revenue was up 58.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.06 EPS.

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 Metaverse ETF (VERS), Direxion Moonshot Innovators ETF (MOON), ProShares On-Demand ETF (OND), WisdomTree Artificial Intelligence and Innovation Fund (WTAI), Global X Internet of Things Thematic ETF (SNSR) and First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT).

Ambarella updated its first quarter 2024 earnings guidance on Tuesday, February, 28th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $60.00 million-$64.00 million, compared to the consensus revenue estimate of $77.14 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 many different institutional and retail investors. Top institutional shareholders include Macquarie Group Ltd. (4.69%), William Blair Investment Management LLC (3.58%), Millennium Management LLC (3.26%), Geode Capital Management LLC (1.78%), Credit Suisse AG (1.76%) and Baillie Gifford & Co. (1.66%). 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 $76.35.

Ambarella (NASDAQ:AMBA) has a market capitalization of $2.96 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 ($1.71) on an earnings per share basis.

The company employs 899 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.