Ambarella Inc (AMBA) Receives Consensus Recommendation of “Hold” from Brokerages

Ambarella Inc (NASDAQ:AMBA) has been assigned a consensus recommendation of “Hold” from the sixteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $50.17.

A number of brokerages have weighed in on AMBA. ValuEngine raised Ambarella from a “hold” rating to a “buy” rating in a research report on Friday, September 7th. Zacks Investment Research lowered Ambarella from a “hold” rating to a “sell” rating in a research report on Thursday, September 6th. Deutsche Bank decreased their target price on Ambarella from $44.00 to $38.00 and set a “hold” rating for the company in a research report on Friday, August 31st. Stifel Nicolaus decreased their target price on Ambarella from $56.00 to $45.00 and set a “buy” rating for the company in a research report on Friday, August 31st. Finally, Dougherty & Co decreased their target price on Ambarella from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, August 31st.

NASDAQ:AMBA traded down $1.00 during mid-day trading on Friday, reaching $38.00. The company’s stock had a trading volume of 815,918 shares, compared to its average volume of 1,358,808. Ambarella has a 12-month low of $34.33 and a 12-month high of $66.23. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 69.09 and a beta of 1.20.

Ambarella (NASDAQ:AMBA) last issued its earnings results on Thursday, August 30th. The semiconductor company reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.12. Ambarella had a negative return on equity of 0.71% and a negative net margin of 1.40%. The business had revenue of $62.47 million during the quarter, compared to analyst estimates of $62.27 million. sell-side analysts anticipate that Ambarella will post -0.84 EPS for the current year.

In other news, insider Leslie Kohn sold 3,097 shares of the company’s stock in a transaction dated Monday, June 18th. The shares were sold at an average price of $43.27, for a total transaction of $134,007.19. Following the completion of the sale, the insider now owns 910,268 shares of the company’s stock, valued at approximately $39,387,296.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Christopher Day sold 3,300 shares of the company’s stock in a transaction dated Tuesday, June 19th. The shares were sold at an average price of $43.77, for a total transaction of $144,441.00. Following the sale, the vice president now directly owns 24,041 shares of the company’s stock, valued at approximately $1,052,274.57. The disclosure for this sale can be found here. Insiders have sold a total of 41,191 shares of company stock valued at $1,706,920 in the last ninety days. Insiders own 5.84% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Point72 Asia Hong Kong Ltd bought a new position in shares of Ambarella during the 1st quarter valued at approximately $139,000. Xact Kapitalforvaltning AB bought a new position in shares of Ambarella during the 1st quarter valued at approximately $213,000. Pitcairn Co. bought a new position in shares of Ambarella during the 1st quarter valued at approximately $224,000. ETRADE Capital Management LLC bought a new position in shares of Ambarella during the 1st quarter valued at approximately $230,000. Finally, Alps Advisors Inc. bought a new position in shares of Ambarella during the 2nd quarter valued at approximately $264,000. Institutional investors own 67.60% of the company’s stock.

About Ambarella

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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Analyst Recommendations for Ambarella (NASDAQ:AMBA)

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