Brokerages Set Ambarella, Inc. (NASDAQ:AMBA) PT at $71.08

Ambarella, Inc. (NASDAQ:AMBA) has received an average recommendation of “Moderate Buy” from the twelve ratings firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $71.08.

AMBA has been the topic of a number of research reports. Susquehanna lifted their target price on shares of Ambarella from $70.00 to $80.00 and gave the company a “positive” rating in a research note on Wednesday, February 28th. StockNews.com raised shares of Ambarella to a “sell” rating in a research note on Friday, April 26th. Bank of America dropped their price objective on shares of Ambarella from $62.00 to $50.00 and set an “underperform” rating on the stock in a research note on Tuesday, April 16th. Needham & Company LLC reissued a “buy” rating and set a $90.00 price objective on shares of Ambarella in a research note on Wednesday, February 28th. Finally, Morgan Stanley boosted their price objective on shares of Ambarella from $67.00 to $73.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 28th.

Insider Transactions at Ambarella

In related news, COO Chan W. Lee sold 1,075 shares of the stock in a transaction that occurred 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 transaction, the chief operating officer now owns 124,146 shares in the company, valued at $6,116,673.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, COO Chan W. Lee sold 1,075 shares of the stock in a transaction that occurred 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 transaction, the chief operating officer now owns 124,146 shares in the company, valued at $6,116,673.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Feng-Ming Wang sold 2,173 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $49.27, for a total transaction of $107,063.71. Following the transaction, the chief executive officer now owns 806,632 shares in the company, valued at approximately $39,742,758.64. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,648 shares of company stock worth $327,595. Corporate insiders own 5.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC bought a new position in Ambarella in the third quarter worth approximately $66,000. DekaBank Deutsche Girozentrale bought a new position in Ambarella in the fourth quarter worth approximately $78,000. Migdal Insurance & Financial Holdings Ltd. raised its position in Ambarella by 39.3% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,546 shares of the semiconductor company’s stock worth $80,000 after acquiring an additional 436 shares during the period. Skandinaviska Enskilda Banken AB publ raised its position in Ambarella by 52.3% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 1,656 shares of the semiconductor company’s stock worth $88,000 after acquiring an additional 569 shares during the period. Finally, Daiwa Securities Group Inc. raised its position in Ambarella by 36.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 1,433 shares of the semiconductor company’s stock worth $88,000 after acquiring an additional 381 shares during the period. 82.09% of the stock is currently owned by institutional investors.

Ambarella Trading Down 2.3 %

Shares of AMBA opened at $46.26 on Friday. The firm’s 50-day moving average price is $48.99 and its 200-day moving average price is $53.15. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of -10.91 and a beta of 1.65. Ambarella has a 1-year low of $40.31 and a 1-year high of $89.18.

Ambarella (NASDAQ:AMBA) last announced its earnings results on Tuesday, February 27th. The semiconductor company reported ($0.95) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.98) by $0.03. The firm had revenue of $51.62 million for the quarter, compared to analyst estimates of $51.68 million. Ambarella had a negative net margin of 74.81% and a negative return on equity of 23.78%. On average, research analysts forecast 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 signal processing, and artificial intelligence 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.