Ambarella (NASDAQ:AMBA) Stock Rating Reaffirmed by Roth Mkm

Roth Mkm restated their neutral rating on shares of Ambarella (NASDAQ:AMBA) in a research note published on Wednesday, Benzinga reports. They currently have a $60.00 target price on the semiconductor company’s stock.

A number of other equities research analysts have also recently commented on AMBA. Bank of America increased their price objective on shares of Ambarella from $50.00 to $57.00 and gave the company an underperform rating in a research note on Wednesday. Stifel Nicolaus increased their price target on shares of Ambarella from $75.00 to $80.00 and gave the company a buy rating in a research report on Wednesday. Wells Fargo & Company cut their price objective on Ambarella from $65.00 to $55.00 and set an equal weight rating for the company in a research report on Friday, May 31st. Needham & Company LLC reiterated a buy rating and set a $90.00 target price on shares of Ambarella in a report on Wednesday. Finally, Morgan Stanley raised their price target on Ambarella from $67.00 to $73.00 and gave the stock an overweight rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Ambarella currently has a consensus rating of Hold and an average price target of $74.58.

Ambarella Trading Up 0.7 %

AMBA stock opened at $59.70 on Wednesday. The firm has a 50 day moving average of $52.97 and a 200-day moving average of $51.65. The company has a market cap of $2.45 billion, a price-to-earnings ratio of -14.01 and a beta of 1.59. Ambarella has a 12-month low of $39.69 and a 12-month high of $65.88.

Ambarella (NASDAQ:AMBA) last issued its quarterly earnings data on Tuesday, August 27th. The semiconductor company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.06. The firm had revenue of $63.70 million during the quarter, compared to analysts’ expectations of $62.10 million. Ambarella had a negative return on equity of 24.86% and a negative net margin of 78.36%. Ambarella’s revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.76) earnings per share. Sell-side analysts forecast that Ambarella will post -3.35 earnings per share for the current fiscal year.

Insider Transactions at Ambarella

In other Ambarella news, VP Chi-Hong Ju sold 1,895 shares of Ambarella stock in a transaction on Monday, June 10th. The shares were sold at an average price of $57.50, for a total value of $108,962.50. Following the transaction, the vice president now owns 180,252 shares in the company, valued at approximately $10,364,490. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Ambarella news, VP Chi-Hong Ju sold 1,895 shares of the company’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $57.50, for a total transaction of $108,962.50. Following the completion of the sale, the vice president now directly owns 180,252 shares in the company, valued at $10,364,490. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Christopher Day sold 1,408 shares of Ambarella stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $61.66, for a total value of $86,817.28. Following the completion of the transaction, the vice president now directly owns 21,599 shares in the company, valued at $1,331,794.34. The disclosure for this sale can be found here. Insiders have sold a total of 20,499 shares of company stock worth $1,137,787 in the last three months. Company insiders own 5.70% of the company’s stock.

Institutional Investors Weigh In On Ambarella

Several institutional investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Ambarella by 2.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,207 shares of the semiconductor company’s stock valued at $442,000 after acquiring an additional 195 shares during the period. Azzad Asset Management Inc. ADV increased its holdings in Ambarella by 2.4% in the 2nd quarter. Azzad Asset Management Inc. ADV now owns 9,983 shares of the semiconductor company’s stock valued at $539,000 after purchasing an additional 231 shares in the last quarter. Sheets Smith Wealth Management raised its position in Ambarella by 4.4% in the fourth quarter. Sheets Smith Wealth Management now owns 6,588 shares of the semiconductor company’s stock valued at $404,000 after purchasing an additional 275 shares during the period. Linden Thomas Advisory Services LLC lifted its stake in shares of Ambarella by 1.7% during the second quarter. Linden Thomas Advisory Services LLC now owns 17,522 shares of the semiconductor company’s stock worth $945,000 after purchasing an additional 288 shares in the last quarter. Finally, CWM LLC boosted its position in shares of Ambarella by 127.7% in the second quarter. CWM LLC now owns 542 shares of the semiconductor company’s stock worth $29,000 after buying an additional 304 shares during the period. 82.09% of the stock is currently owned by hedge funds and other institutional investors.

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.