Ambarella (NASDAQ:AMBA) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Ambarella (NASDAQ:AMBA) had its price objective upped by Stifel Nicolaus from $80.00 to $95.00 in a research note published on Wednesday,Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

A number of other brokerages have also commented on AMBA. Morgan Stanley increased their price objective on Ambarella from $73.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday. TD Cowen increased their price target on Ambarella from $65.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, August 28th. Needham & Company LLC boosted their price objective on shares of Ambarella from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday. Roth Mkm reaffirmed a “neutral” rating and set a $60.00 price objective on shares of Ambarella in a report on Wednesday, August 28th. Finally, Northland Securities reiterated an “outperform” rating and issued a $95.00 target price (up previously from $75.00) on shares of Ambarella in a report on Wednesday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $81.67.

Ambarella Price Performance

Ambarella stock opened at $71.55 on Wednesday. Ambarella has a one year low of $39.69 and a one year high of $81.32. The company’s fifty day moving average price is $59.27 and its two-hundred day moving average price is $55.37. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of -18.54 and a beta of 1.63.

Insiders Place Their Bets

In related news, CEO Feng-Ming Wang sold 4,382 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $56.02, for a total value of $245,479.64. Following the completion of the transaction, the chief executive officer now directly owns 803,574 shares in the company, valued at approximately $45,016,215.48. This represents a 0.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Yun-Lung Chen sold 5,963 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $57.56, for a total value of $343,230.28. Following the completion of the transaction, the vice president now directly owns 62,026 shares of the company’s stock, valued at approximately $3,570,216.56. This trade represents a 8.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,423 shares of company stock worth $1,356,402 in the last ninety days. Insiders own 5.70% of the company’s stock.

Institutional Investors Weigh In On Ambarella

Institutional investors and hedge funds have recently bought and sold shares of the business. Azzad Asset Management Inc. ADV lifted its holdings in shares of Ambarella by 2.4% during the 2nd quarter. Azzad Asset Management Inc. ADV now owns 9,983 shares of the semiconductor company’s stock worth $539,000 after acquiring an additional 231 shares during the period. Versor Investments LP raised its position in Ambarella by 5.9% in the third quarter. Versor Investments LP now owns 4,619 shares of the semiconductor company’s stock worth $261,000 after purchasing an additional 256 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Ambarella by 6.4% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,767 shares of the semiconductor company’s stock worth $269,000 after purchasing an additional 285 shares during the period. Linden Thomas Advisory Services LLC boosted its holdings in Ambarella by 1.7% during the second quarter. Linden Thomas Advisory Services LLC now owns 17,522 shares of the semiconductor company’s stock valued at $945,000 after purchasing an additional 288 shares in the last quarter. Finally, CWM LLC boosted its holdings in Ambarella by 127.7% during the second quarter. CWM LLC now owns 542 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 304 shares in the last quarter. Institutional investors own 82.09% of the company’s stock.

Ambarella Company Profile

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.