Shares of Ambarella (NASDAQ:AMBA) have received an average rating of “Hold” from the seventeen analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $61.25.
A number of brokerages have recently commented on AMBA. BidaskClub upgraded Ambarella from a “strong sell” rating to a “sell” rating in a report on Friday, April 13th. Zacks Investment Research upgraded Ambarella from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. ValuEngine lowered Ambarella from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Finally, Cowen began coverage on Ambarella in a report on Thursday. They issued an “outperform” rating and a $65.00 price target on the stock.
Ambarella traded up $0.78, hitting $50.46, during midday trading on Monday, Marketbeat reports. 1,674,604 shares of the company’s stock were exchanged, compared to its average volume of 1,051,396. The firm has a market cap of $1.66 billion, a PE ratio of 91.75, a P/E/G ratio of 14.97 and a beta of 1.27. Ambarella has a one year low of $40.06 and a one year high of $66.23.
Ambarella (NASDAQ:AMBA) last posted its earnings results on Thursday, March 1st. The semiconductor company reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.08. The firm had revenue of $70.60 million for the quarter, compared to analyst estimates of $70.26 million. Ambarella had a return on equity of 4.04% and a net margin of 6.38%. The company’s revenue for the quarter was down 19.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.92 earnings per share. sell-side analysts expect that Ambarella will post 0.22 earnings per share for the current year.
In related news, insider Leslie Kohn sold 3,060 shares of Ambarella stock in a transaction dated Friday, March 16th. The stock was sold at an average price of $53.07, for a total value of $162,394.20. Following the sale, the insider now owns 907,740 shares of the company’s stock, valued at $48,173,761.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO George Laplante sold 2,786 shares of Ambarella stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $53.07, for a total value of $147,853.02. Following the completion of the sale, the chief financial officer now directly owns 103,688 shares in the company, valued at approximately $5,502,722.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,882 shares of company stock worth $738,518. 5.80% of the stock is owned by company insiders.
Several large investors have recently added to or reduced their stakes in the stock. Xact Kapitalforvaltning AB acquired a new stake in shares of Ambarella in the first quarter valued at about $213,000. Handelsbanken Fonder AB increased its position in shares of Ambarella by 62.5% in the first quarter. Handelsbanken Fonder AB now owns 130,000 shares of the semiconductor company’s stock valued at $6,369,000 after acquiring an additional 50,000 shares during the last quarter. Royal Bank of Canada increased its position in shares of Ambarella by 14.3% in the first quarter. Royal Bank of Canada now owns 231,510 shares of the semiconductor company’s stock valued at $11,342,000 after acquiring an additional 28,951 shares during the last quarter. Legal & General Group Plc increased its position in shares of Ambarella by 1,389.8% in the first quarter. Legal & General Group Plc now owns 259,032 shares of the semiconductor company’s stock valued at $12,690,000 after acquiring an additional 241,645 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. increased its position in shares of Ambarella by 73.2% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 211,120 shares of the semiconductor company’s stock valued at $10,342,000 after acquiring an additional 89,200 shares during the last quarter. 68.71% of the stock is currently owned by institutional investors and hedge funds.
Ambarella Company Profile
Ambarella, Inc develops semiconductor processing solutions for video that enable high-definition (HD), video capture, analysis, sharing, and display worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, computer vision functionality, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.
Receive News & Ratings for Ambarella Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ambarella and related companies with MarketBeat.com's FREE daily email newsletter.