Ambarella (NASDAQ:AMBA) Given New $92.00 Price Target at Bank of America

Ambarella (NASDAQ:AMBA) had its price target boosted by stock analysts at Bank of America from $90.00 to $92.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the semiconductor company’s stock. Bank of America‘s price objective would suggest a potential upside of 19.97% from the stock’s current price.

A number of other research analysts also recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating and set a $100.00 price objective on shares of Ambarella in a research report on Wednesday. Consumer Edge reiterated a “buy” rating on shares of Ambarella in a research report on Friday. Summit Insights raised shares of Ambarella from a “hold” rating to a “buy” rating in a research note on Friday, August 29th. Rosenblatt Securities set a $115.00 price objective on Ambarella in a research report on Wednesday. Finally, Northland Securities upped their target price on Ambarella from $75.00 to $95.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Ambarella has an average rating of “Moderate Buy” and an average target price of $95.33.

Ambarella Stock Performance

Shares of NASDAQ AMBA traded down $14.29 during trading hours on Wednesday, hitting $76.69. The company’s stock had a trading volume of 2,609,006 shares, compared to its average volume of 838,791. Ambarella has a 12 month low of $38.86 and a 12 month high of $96.69. The stock has a market cap of $3.27 billion, a price-to-earnings ratio of -36.23 and a beta of 2.14. The business has a 50-day simple moving average of $85.17 and a 200-day simple moving average of $72.66.

Ambarella (NASDAQ:AMBA) last released its quarterly earnings data on Tuesday, November 25th. The semiconductor company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.06. Ambarella had a negative return on equity of 14.73% and a negative net margin of 25.46%.The business had revenue of $108.45 million during the quarter, compared to analysts’ expectations of $104.11 million. During the same quarter last year, the business posted $0.11 EPS. The business’s revenue was up 31.2% on a year-over-year basis. Ambarella has set its Q4 2026 guidance at EPS. On average, equities research analysts forecast that Ambarella will post -2.81 EPS for the current year.

Insider Transactions at Ambarella

In related news, CEO Feng-Ming Wang sold 4,928 shares of the company’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $79.43, for a total value of $391,431.04. Following the transaction, the chief executive officer owned 788,929 shares in the company, valued at $62,664,630.47. The trade was a 0.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO John Alexander Young sold 2,566 shares of the stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $79.43, for a total transaction of $203,817.38. Following the sale, the chief financial officer directly owned 109,108 shares in the company, valued at $8,666,448.44. This trade represents a 2.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 35,227 shares of company stock worth $2,875,131 over the last quarter. Corporate insiders own 5.30% of the company’s stock.

Institutional Trading of Ambarella

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Ambarella by 3.2% during the first quarter. Vanguard Group Inc. now owns 4,848,305 shares of the semiconductor company’s stock valued at $244,015,000 after purchasing an additional 152,181 shares in the last quarter. State Street Corp lifted its stake in Ambarella by 8.9% during the 2nd quarter. State Street Corp now owns 1,855,170 shares of the semiconductor company’s stock valued at $122,562,000 after acquiring an additional 151,694 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Ambarella by 4.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,371,511 shares of the semiconductor company’s stock valued at $90,609,000 after acquiring an additional 52,954 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Ambarella by 88.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,232,272 shares of the semiconductor company’s stock worth $62,020,000 after acquiring an additional 579,917 shares during the period. Finally, Jericho Capital Asset Management L.P. raised its holdings in shares of Ambarella by 10.5% during the third quarter. Jericho Capital Asset Management L.P. now owns 1,213,347 shares of the semiconductor company’s stock valued at $100,125,000 after purchasing an additional 114,865 shares during the last quarter. Institutional investors own 82.09% of the company’s stock.

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.