Ambarella Inc (NASDAQ:AMBA) has been given a consensus rating of “Hold” by the sixteen analysts that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $55.50.
Several equities research analysts have recently commented on AMBA shares. ValuEngine raised Ambarella from a “hold” rating to a “buy” rating in a research note on Thursday, April 12th. BidaskClub raised Ambarella from a “strong sell” rating to a “sell” rating in a research note on Friday, April 13th. Zacks Investment Research lowered Ambarella from a “hold” rating to a “sell” rating in a research note on Thursday, March 8th. Cowen started coverage on Ambarella in a research note on Thursday, May 17th. They set an “outperform” rating and a $65.00 price target on the stock. Finally, Stifel Nicolaus restated a “buy” rating and set a $56.00 price objective (down from $64.00) on shares of Ambarella in a research report on Wednesday, June 6th.
Shares of NASDAQ:AMBA traded up $0.31 during trading on Friday, hitting $43.47. 555,477 shares of the stock were exchanged, compared to its average volume of 1,949,836. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 79.04 and a beta of 1.24. Ambarella has a 12-month low of $40.06 and a 12-month high of $66.23.
Ambarella (NASDAQ:AMBA) last announced its quarterly earnings results on Tuesday, June 5th. The semiconductor company reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.04. The business had revenue of $56.90 million for the quarter, compared to analyst estimates of $56.13 million. Ambarella had a return on equity of 1.42% and a net margin of 2.18%. The company’s quarterly revenue was down 11.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.39 EPS. sell-side analysts expect that Ambarella will post -0.43 EPS for the current year.
In related news, CEO Feng-Ming Wang sold 6,024 shares of Ambarella stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $53.07, for a total transaction of $319,693.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Christopher Day sold 1,012 shares of Ambarella stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $53.07, for a total value of $53,706.84. The disclosure for this sale can be found here. Insiders have sold a total of 12,882 shares of company stock valued at $683,648 over the last 90 days. Insiders own 5.84% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of AMBA. Sandy Spring Bank acquired a new stake in shares of Ambarella during the 1st quarter worth $110,000. Point72 Asia Hong Kong Ltd acquired a new stake in shares of Ambarella during the 1st quarter worth $139,000. Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of Ambarella by 98.9% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,334 shares of the semiconductor company’s stock worth $197,000 after buying an additional 1,658 shares during the last quarter. HPM Partners LLC acquired a new stake in shares of Ambarella during the 4th quarter worth $207,000. Finally, Xact Kapitalforvaltning AB acquired a new stake in shares of Ambarella during the 1st quarter worth $213,000. Institutional investors own 70.30% of the company’s stock.
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.
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