Several other research analysts have also recently issued reports on AMBA. Roth Capital decreased their price objective on shares of Ambarella from $65.00 to $50.00 and set a “neutral” rating for the company in a report on Friday, June 26th. Robert W. Baird assumed coverage on Ambarella in a research report on Thursday, May 28th. They set a “neutral” rating and a $60.00 price target on the stock. ValuEngine upgraded Ambarella from a “hold” rating to a “buy” rating in a report on Thursday, April 2nd. Zacks Investment Research raised Ambarella from a “sell” rating to a “hold” rating and set a $47.00 target price for the company in a research note on Tuesday. Finally, Imperial Capital began coverage on shares of Ambarella in a research report on Tuesday, June 23rd. They issued an “outperform” rating and a $58.00 price target on the stock. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $59.77.
NASDAQ:AMBA opened at $45.80 on Wednesday. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of -35.78 and a beta of 1.24. The company has a debt-to-equity ratio of 0.02, a quick ratio of 8.48 and a current ratio of 8.91. Ambarella has a 1 year low of $36.02 and a 1 year high of $73.59. The business has a fifty day moving average of $52.77 and a 200-day moving average of $55.00.
Ambarella (NASDAQ:AMBA) last posted its quarterly earnings data on Tuesday, June 2nd. The semiconductor company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.05. The business had revenue of $54.60 million during the quarter, compared to the consensus estimate of $54.32 million. Ambarella had a negative net margin of 18.18% and a negative return on equity of 9.00%. The company’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.01 earnings per share. On average, equities research analysts predict that Ambarella will post -1.52 EPS for the current year.
In other Ambarella news, VP Christopher Day sold 1,267 shares of the business’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $45.92, for a total transaction of $58,180.64. Following the sale, the vice president now directly owns 8,632 shares of the company’s stock, valued at approximately $396,381.44. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director David Jeffrey Richardson sold 7,453 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $54.92, for a total value of $409,318.76. Following the completion of the sale, the director now owns 9,046 shares of the company’s stock, valued at approximately $496,806.32. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,775 shares of company stock valued at $859,585. Corporate insiders own 5.69% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. FMR LLC boosted its position in Ambarella by 2,202.9% during the 4th quarter. FMR LLC now owns 647,356 shares of the semiconductor company’s stock worth $39,204,000 after acquiring an additional 619,245 shares during the period. Morgan Stanley lifted its position in shares of Ambarella by 142.8% in the first quarter. Morgan Stanley now owns 732,675 shares of the semiconductor company’s stock worth $35,579,000 after purchasing an additional 430,915 shares in the last quarter. Frontier Capital Management Co. LLC acquired a new stake in shares of Ambarella during the first quarter worth approximately $17,623,000. Renaissance Technologies LLC grew its position in Ambarella by 37.8% during the fourth quarter. Renaissance Technologies LLC now owns 1,084,633 shares of the semiconductor company’s stock valued at $65,685,000 after purchasing an additional 297,407 shares in the last quarter. Finally, Janus Henderson Group PLC increased its stake in Ambarella by 28.0% in the 4th quarter. Janus Henderson Group PLC now owns 933,242 shares of the semiconductor company’s stock valued at $56,512,000 after buying an additional 204,353 shares during the period. 75.11% of the stock is owned by hedge funds and other institutional investors.
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.
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