Ambarella Inc (NASDAQ:AMBA)‘s stock had its “buy” rating reaffirmed by equities researchers at Stifel Nicolaus in a note issued to investors on Thursday. They presently have a $64.00 target price on the semiconductor company’s stock, down from their previous target price of $65.00. Stifel Nicolaus’ target price points to a potential upside of 7.18% from the stock’s current price.
Several other analysts have also issued reports on AMBA. Vetr lowered Ambarella from a “strong-buy” rating to a “buy” rating and set a $62.50 price objective for the company. in a report on Monday, May 1st. Summit Redstone lowered Ambarella from a “buy” rating to a “hold” rating and cut their price objective for the stock from $76.00 to $50.00 in a report on Friday, March 3rd. Zacks Investment Research upgraded Ambarella from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 2nd. Morgan Stanley reiterated an “overweight” rating and set a $65.00 price objective on shares of Ambarella in a report on Saturday, March 11th. Finally, Dougherty & Co upgraded Ambarella from a “neutral” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Wednesday, March 1st. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $68.79.
Ambarella (NASDAQ AMBA) opened at 59.72 on Thursday. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 35.55 and a beta of 1.51. The company’s 50-day moving average price is $58.73 and its 200 day moving average price is $55.80. Ambarella has a 1-year low of $46.80 and a 1-year high of $74.95. Ambarella also was the recipient of some unusual options trading on Tuesday. Stock investors purchased 10,622 put options on the company. This is an increase of 603% compared to the typical volume of 1,510 put options.
Ambarella (NASDAQ:AMBA) last issued its quarterly earnings results on Tuesday, June 6th. The semiconductor company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. The firm had revenue of $64.10 million during the quarter, compared to analyst estimates of $63.54 million. Ambarella had a return on equity of 13.28% and a net margin of 15.32%. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period last year, the company posted $0.34 EPS. On average, equities analysts expect that Ambarella will post $2.18 earnings per share for the current fiscal year.
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In other news, VP Christopher Day sold 1,071 shares of the firm’s stock in a transaction dated Monday, March 13th. The stock was sold at an average price of $55.50, for a total value of $59,440.50. Following the sale, the vice president now directly owns 22,095 shares of the company’s stock, valued at $1,226,272.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Feng-Ming Wang sold 7,971 shares of the firm’s stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $56.19, for a total value of $447,890.49. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,232 shares of company stock worth $1,078,452. 5.43% of the stock is currently owned by company insiders.
Large investors have recently modified their holdings of the stock. Victory Capital Management Inc. increased its stake in shares of Ambarella by 112.2% in the first quarter. Victory Capital Management Inc. now owns 1,903 shares of the semiconductor company’s stock valued at $104,000 after buying an additional 1,006 shares in the last quarter. First Interstate Bank boosted its stake in Ambarella by 2.4% in the fourth quarter. First Interstate Bank now owns 2,169 shares of the semiconductor company’s stock valued at $117,000 after buying an additional 50 shares during the last quarter. Ameritas Investment Partners Inc. bought a new stake in Ambarella during the first quarter valued at $151,000. ARK Investment Management LLC bought a new stake in Ambarella during the fourth quarter valued at $154,000. Finally, FNY Partners Fund LP bought a new stake in Ambarella during the first quarter valued at $164,000. 58.50% of the stock is currently owned by institutional investors.
Ambarella, Inc offers semiconductor processing solutions for video that enable high-definition (HD), video capture, sharing and display. The Company operates through the development and sale of low-power, high-definition video products segment. Its system-on-a-chip designs incorporate HD video processing, image processing, audio processing and system functions onto a single chip.
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