In yesterday’s Wall Street session, Ambarella Inc. (NASDAQ:AMBA) shares traded at $83.81, down -4.38% from the previous session.
As of this writing, 19 analysts cover Ambarella Inc. (NASDAQ:AMBA). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $110.00 and a low of $75.00, we find $95.00. Given the previous closing price of $87.65, this indicates a potential upside of 8.39 percent. AMBA stock price is now 10.35% away from the 50-day moving average and 12.80% away from the 200-day moving average. The market capitalization of the company currently stands at $3.17B.
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There are 3 analysts who have given it a hold rating, whereas 14 have given it a buy rating. Brokers who have rated the stock have averaged $94.51 as their price target over the next twelve months.
With the price target enhanced from $85 to $100, Needham maintained Buy rating for Ambarella Inc. (NASDAQ: AMBA). On December 12, 2022, Susquehanna recently initiated its ‘Positive’ rating on the stock quoting a target price of $90, while ‘Cowen’ rates the stock as ‘Outperform’.
In other news, Ju Chi-Hong, Sr. Vice President, Systems sold 2,000 shares of the company’s stock on Dec 22. The stock was sold for $162,320 at an average price of $81.16. Upon completion of the transaction, the Sr. Vice President, Systems now directly owns 153,689 shares in the company, valued at $12.88 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 20, VP, Marketing Day Christopher sold 2,452 shares of the business’s stock. A total of $200,069 was realized by selling the stock at an average price of $81.59. This leaves the insider owning 16,587 shares of the company worth $1.39 million. Insiders disposed of 223,874 shares of company stock worth roughly $18.76 million over the past 1 year. A total of 5.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AMBA stock. A new stake in Ambarella Inc. shares was purchased by MILLENNIUM MANAGEMENT LLC during the first quarter worth $83,839,000. CINCTIVE CAPITAL MANAGEMENT LP invested $29,017,000 in shares of AMBA during the first quarter. In the first quarter, LMR PARTNERS LLP acquired a new stake in Ambarella Inc. valued at approximately $13,563,000. WOODLINE PARTNERS LP acquired a new stake in AMBA for approximately $6,131,000. PEAK6 INVESTMENTS LLC purchased a new stake in AMBA valued at around $2,450,000 in the second quarter. In total, there are 381 active investors with 81.20% ownership of the company’s stock.
Thursday morning saw Ambarella Inc. (NASDAQ: AMBA) opened at $85.90. During the past 12 months, Ambarella Inc. has had a low of $49.02 and a high of $156.10. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 3.70, and a quick ratio of 3.10. The fifty day moving average price for AMBA is $75.95 and a two-hundred day moving average price translates $74.30 for the stock.
The latest earnings results from Ambarella Inc. (NASDAQ: AMBA) was released for Jul, 2022. According to the Semiconductor Equipment & Materials Company, earnings per share came in at $0.2, beating analysts’ expectations of $0.19 by 0.01. This compares to $0.02 EPS in the same period last year. The net profit margin was -18.40% and return on equity was -11.10% for AMBA. The company reported revenue of $83.1 million for the quarter, compared to $92.17 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -9.84 percent. For the current quarter, analysts expect AMBA to generate $83.02M in revenue.
Ambarella Inc.(AMBA) Company Profile
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. Its solutions are used in automotive cameras, such as automotive video recorders, electronic mirrors, front advanced driver assistance system camera, cabin monitoring system and driver monitoring system camera, and central domain controllers for autonomous vehicle; and professional and home internet protocol security camera; robotics and industrial application, including identification/authentication cameras, robotic products, and sensing cameras, as well as cameras for the home, public spaces, and consumer leisure comprising wearable body cameras, sports action cameras, social media cameras, drones for capturing aerial video or photographs, video conferencing, and virtual reality applications. The company sells its solutions to original design manufacturers and original equipment manufacturers through its direct sales force and distributors. Ambarella, Inc. was incorporated in 2004 and is headquartered in Santa Clara, California.
