Shares of Ambarella Inc (NASDAQ:AMBA) have been given an average rating of “Buy” by the twenty-two analysts that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $85.78.
Shares of Ambarella (NASDAQ:AMBA) opened at 56.63 on Thursday. Ambarella has a 52-week low of $48.50 and a 52-week high of $129.19. The firm has a market cap of $1.81 billion and a price-to-earnings ratio of 21.31. The company’s 50 day moving average is $56.76 and its 200 day moving average is $78.46.
Ambarella (NASDAQ:AMBA) last announced its quarterly earnings data on Thursday, December 3rd. The company reported $1.08 EPS for the quarter, topping the consensus estimate of $0.86 by $0.22. The company earned $93.20 million during the quarter, compared to the consensus estimate of $90.40 million. The business’s revenue was up 41.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.68 EPS. Analysts anticipate that Ambarella will post $3.14 earnings per share for the current year.
In other Ambarella news, VP Christopher Day sold 776 shares of the firm’s stock in a transaction that occurred on Thursday, December 10th. The shares were sold at an average price of $57.42, for a total transaction of $44,557.92. Following the sale, the vice president now owns 12,560 shares in the company, valued at approximately $721,195.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lip Bu Tan sold 2,472 shares of the firm’s stock in a transaction that occurred on Monday, December 28th. The stock was sold at an average price of $58.21, for a total transaction of $143,895.12. Following the sale, the director now owns 3,236 shares in the company, valued at approximately $188,367.56. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Ambarella stock. Gerstein Fisher increased its stake in shares of Ambarella Inc (NASDAQ:AMBA) by 9.6% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 18,227 shares of the company’s stock after buying an additional 1,589 shares during the period. Gerstein Fisher owned 0.06% of Ambarella worth $1,053,000 at the end of the most recent reporting period.
Several analysts have commented on AMBA shares. Canaccord Genuity lowered their price objective on shares of Ambarella from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, October 29th. Needham & Company LLC reissued a “hold” rating on shares of Ambarella in a research report on Monday, November 2nd. Stifel Nicolaus reissued a “buy” rating and issued a $115.00 price target on shares of Ambarella in a research report on Monday, November 30th. Ladenburg Thalmann began coverage on shares of Ambarella in a research report on Thursday, September 10th. They issued a “buy” rating and a $96.00 price target on the stock. Finally, Topeka Capital Markets reissued a “buy” rating and issued a $75.00 price target (down previously from $100.00) on shares of Ambarella in a research report on Friday, December 4th.
Ambarella, Inc. is a developer of semiconductor processing solutions for video that enable high-definition (NASDAQ:AMBA), video capture, sharing and display. The Company’s system-on-a-chip (SoC) designs HD video processing, image processing, audio processing and system functions onto a single chip, delivering video and image. In the camera market, its platform enables the creation of high-quality video content in wearable sports cameras, automotive aftermarket cameras, professional and consumer Internet Protocol (IP), security cameras, telepresence cameras and unmanned aerial vehicles (UAVs). In the infrastructure market, the Company’s solutions manage IP video traffic, broadcast encoding and transcoding and IP video delivery applications. The Company sells its solutions to original design manufacturers (ODMs), and original equipment manufacturers (OEMs).