Other equities research analysts also recently issued reports about the stock. ValuEngine raised shares of Ambarella from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 2nd. Morgan Stanley upped their price target on shares of Ambarella from $52.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. Roth Capital upped their price target on shares of Ambarella from $45.00 to $55.00 in a research note on Tuesday, September 3rd. KeyCorp reiterated a “hold” rating on shares of Ambarella in a research note on Friday, August 30th. Finally, Zacks Investment Research upgraded shares of Ambarella from a “hold” rating to a “buy” rating and set a $62.00 price objective on the stock in a research report on Thursday, September 5th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. Ambarella presently has a consensus rating of “Buy” and a consensus price target of $59.38.
Shares of Ambarella stock opened at $65.29 on Wednesday. The company has a quick ratio of 9.42, a current ratio of 9.01 and a debt-to-equity ratio of 0.01. Ambarella has a twelve month low of $30.00 and a twelve month high of $67.15. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of -58.82 and a beta of 1.20. The company’s fifty day moving average is $50.19 and its 200 day moving average is $45.75.
Ambarella (NASDAQ:AMBA) last announced its quarterly earnings data on Thursday, August 29th. The semiconductor company reported ($0.28) earnings per share for the quarter, beating the consensus estimate of ($0.33) by $0.05. Ambarella had a negative net margin of 19.38% and a negative return on equity of 10.82%. The firm had revenue of $56.41 million for the quarter, compared to analyst estimates of $52.00 million. During the same quarter in the prior year, the business earned $0.25 earnings per share. The business’s quarterly revenue was down 9.7% compared to the same quarter last year. As a group, equities analysts anticipate that Ambarella will post -1.13 earnings per share for the current fiscal year.
In related news, CEO Feng-Ming Wang sold 5,535 shares of Ambarella stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $43.06, for a total value of $238,337.10. Following the sale, the chief executive officer now owns 409,369 shares of the company’s stock, valued at approximately $17,627,429.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Yun-Lung Chen sold 5,734 shares of Ambarella stock in a transaction on Monday, September 9th. The shares were sold at an average price of $64.80, for a total transaction of $371,563.20. Following the completion of the sale, the vice president now directly owns 23,397 shares in the company, valued at approximately $1,516,125.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 80,840 shares of company stock valued at $4,589,931. Insiders own 6.31% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. Natixis grew its stake in Ambarella by 62.1% in the 2nd quarter. Natixis now owns 203,430 shares of the semiconductor company’s stock valued at $8,977,000 after acquiring an additional 77,904 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its stake in Ambarella by 22.6% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,369 shares of the semiconductor company’s stock valued at $324,000 after acquiring an additional 1,358 shares during the period. Waddell & Reed Financial Inc. acquired a new stake in Ambarella in the 2nd quarter valued at $11,999,000. Nuveen Asset Management LLC acquired a new stake in Ambarella in the 2nd quarter valued at $5,484,000. Finally, UBS Asset Management Americas Inc. grew its stake in Ambarella by 28.5% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 22,991 shares of the semiconductor company’s stock valued at $1,015,000 after acquiring an additional 5,101 shares during the period. 74.59% of the stock is currently 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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