Ambarella (NASDAQ:AMBA) Price Target Increased to $90.00 by Analysts at Stifel Nicolaus

Ambarella (NASDAQ:AMBAGet Rating) had its target price lifted by Stifel Nicolaus from $76.00 to $90.00 in a research report sent to investors on Monday, The Fly reports.

A number of other analysts have also issued reports on AMBA. Robert W. Baird lowered their target price on Ambarella from $125.00 to $90.00 and set an outperform rating on the stock in a report on Wednesday, August 31st. Deutsche Bank Aktiengesellschaft cut their target price on Ambarella from $75.00 to $62.00 and set a hold rating for the company in a research report on Tuesday, October 18th. Needham & Company LLC cut their price objective on Ambarella from $110.00 to $90.00 and set a buy rating for the company in a research report on Tuesday, October 11th. StockNews.com started coverage on Ambarella in a research note on Wednesday, October 12th. They issued a sell rating for the company. Finally, Roth Capital reaffirmed a buy rating and set a $110.00 price objective on shares of Ambarella in a research note on Friday, November 18th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $109.33.

Ambarella Stock Performance

NASDAQ:AMBA opened at $72.17 on Monday. The business has a fifty day moving average of $59.20 and a 200-day moving average of $70.14. Ambarella has a 1 year low of $49.02 and a 1 year high of $227.59. The stock has a market cap of $2.77 billion, a price-to-earnings ratio of -63.31 and a beta of 1.48.

Ambarella (NASDAQ:AMBAGet Rating) last announced its earnings results on Tuesday, August 30th. The semiconductor company reported ($0.51) EPS for the quarter, missing the consensus estimate of ($0.44) by ($0.07). The company had revenue of $80.90 million for the quarter, compared to analysts’ expectations of $80.21 million. Ambarella had a negative net margin of 12.14% and a negative return on equity of 6.88%. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the prior year, the company earned ($0.18) earnings per share. On average, equities research analysts predict that Ambarella will post -1.55 EPS for the current year.

Insiders Place Their Bets

In other news, CTO Leslie Kohn sold 2,476 shares of the company’s stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $63.25, for a total transaction of $156,607.00. Following the completion of the transaction, the chief technology officer now directly owns 905,657 shares of the company’s stock, valued at $57,282,805.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Ambarella news, CTO Leslie Kohn sold 2,476 shares of the company’s stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $63.25, for a total value of $156,607.00. Following the sale, the chief technology officer now owns 905,657 shares in the company, valued at $57,282,805.25. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Feng-Ming Wang sold 3,736 shares of the company’s stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $63.25, for a total transaction of $236,302.00. Following the completion of the sale, the chief executive officer now owns 693,625 shares in the company, valued at approximately $43,871,781.25. The disclosure for this sale can be found here. Insiders sold 15,246 shares of company stock valued at $937,852 over the last three months. Insiders own 6.60% of the company’s stock.

Institutional Trading of Ambarella

Several institutional investors and hedge funds have recently modified their holdings of the company. Balyasny Asset Management LLC grew its stake in shares of Ambarella by 25.2% in the 3rd quarter. Balyasny Asset Management LLC now owns 143,261 shares of the semiconductor company’s stock worth $8,048,000 after buying an additional 28,836 shares in the last quarter. BNP Paribas Arbitrage SNC raised its holdings in shares of Ambarella by 22.1% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 44,162 shares of the semiconductor company’s stock valued at $2,481,000 after purchasing an additional 8,006 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of Ambarella by 23.8% in the 3rd quarter. Alliancebernstein L.P. now owns 178,607 shares of the semiconductor company’s stock valued at $10,034,000 after purchasing an additional 34,343 shares in the last quarter. State Street Corp raised its holdings in shares of Ambarella by 8.2% in the 3rd quarter. State Street Corp now owns 1,340,773 shares of the semiconductor company’s stock valued at $75,325,000 after purchasing an additional 102,099 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its position in shares of Ambarella by 81.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 321,594 shares of the semiconductor company’s stock worth $18,067,000 after buying an additional 144,180 shares during the last quarter. 76.77% of the stock is currently owned by institutional investors.

Ambarella Company Profile

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Ambarella, Inc develops semiconductor solutions for video that enable high-definition (HD) and ultra HD compression, image processing, and deep neural network 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.

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