Today: Ambarella’s (AMBA) “Buy” Rating Reiterate at Stifel Nicolaus

Today: Ambarella’s (AMBA) “Buy” Rating Reiterate at Stifel Nicolaus

Ambarella Inc. (NASDAQ:AMBA)‘s stock had its “buy” rating reaffirmed by research analysts at Stifel Nicolaus in a research note issued on Monday. They presently have a $86.00 price objective on the stock. Stifel Nicolaus’ price target suggests a potential upside of 35.84% from the company’s previous close.

Several other analysts have also commented on AMBA. Zacks Investment Research raised Ambarella from a “hold” rating to a “strong-buy” rating and set a $65.00 target price on the stock in a report on Tuesday, August 2nd. Vetr lowered Ambarella from a “strong-buy” rating to a “buy” rating and set a $68.62 target price on the stock. in a report on Friday, August 12th. Needham & Company LLC reaffirmed a “hold” rating on shares of Ambarella in a report on Friday, August 26th. Pacific Crest raised their price objective on Ambarella from $53.00 to $75.00 and gave the company an “overweight” rating in a report on Tuesday, August 30th. Finally, KeyCorp raised their price objective on Ambarella from $53.00 to $75.00 and gave the company an “overweight” rating in a report on Tuesday, August 30th. Seven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Ambarella has a consensus rating of “Buy” and an average target price of $70.03.

Ambarella (NASDAQ:AMBA) opened at 63.31 on Monday. Ambarella has a 52-week low of $33.39 and a 52-week high of $74.95. The stock’s 50 day moving average price is $61.82 and its 200 day moving average price is $58.18. The company has a market cap of $2.07 billion, a P/E ratio of 47.67 and a beta of 1.63.

Ambarella (NASDAQ:AMBA) last posted its earnings results on Thursday, September 1st. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.38 by $0.16. The firm had revenue of $65.10 million for the quarter, compared to analyst estimates of $64.02 million. Ambarella had a return on equity of 14.23% and a net margin of 15.86%. Ambarella’s revenue for the quarter was down 22.7% compared to the same quarter last year. During the same period last year, the company earned $0.88 earnings per share. Analysts expect that Ambarella will post $2.64 earnings per share for the current year.

In other Ambarella news, VP Yun-Lung Chen sold 4,197 shares of Ambarella stock in a transaction on Friday, September 30th. The stock was sold at an average price of $74.19, for a total value of $311,375.43. Following the sale, the vice president now owns 13,530 shares in the company, valued at $1,003,790.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Christopher Day sold 4,272 shares of Ambarella stock in a transaction on Thursday, September 29th. The shares were sold at an average price of $69.32, for a total value of $296,135.04. Following the completion of the sale, the vice president now owns 23,922 shares in the company, valued at approximately $1,658,273.04. The disclosure for this sale can be found here. 5.43% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of AMBA. Principal Financial Group Inc. increased its stake in Ambarella by 1.6% in the third quarter. Principal Financial Group Inc. now owns 4,348 shares of the company’s stock worth $320,000 after buying an additional 70 shares in the last quarter. First Interstate Bank increased its stake in Ambarella by 4.2% in the second quarter. First Interstate Bank now owns 2,167 shares of the company’s stock worth $110,000 after buying an additional 88 shares in the last quarter. US Bancorp DE increased its stake in Ambarella by 10.3% in the second quarter. US Bancorp DE now owns 2,106 shares of the company’s stock worth $107,000 after buying an additional 197 shares in the last quarter. BlackRock Inc. increased its stake in Ambarella by 4.5% in the third quarter. BlackRock Inc. now owns 6,384 shares of the company’s stock worth $470,000 after buying an additional 277 shares in the last quarter. Finally, Penserra Capital Management LLC increased its stake in Ambarella by 17.9% in the second quarter. Penserra Capital Management LLC now owns 2,084 shares of the company’s stock worth $106,000 after buying an additional 316 shares in the last quarter. Institutional investors own 58.80% of the company’s stock.

Ambarella Company Profile

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