Ambarella, Inc. (NASDAQ:AMBA) Receives $82.92 Consensus PT from Brokerages

Ambarella, Inc. (NASDAQ:AMBA) has received an average recommendation of “Moderate Buy” from the twelve brokerages that are covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $84.17.

Several research analysts have commented on the stock. Morgan Stanley raised their target price on shares of Ambarella from $73.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Needham & Company LLC raised 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, November 27th. Stifel Nicolaus boosted their target price on shares of Ambarella from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Susquehanna lifted their price target on Ambarella from $70.00 to $85.00 and gave the company a “positive” rating in a report on Wednesday, November 27th. Finally, Northland Securities reissued an “outperform” rating and set a $95.00 price target (up from $75.00) on shares of Ambarella in a research report on Wednesday, November 27th.

Ambarella Stock Up 3.3 %

NASDAQ:AMBA opened at $70.93 on Friday. The stock has a fifty day simple moving average of $63.91 and a 200 day simple moving average of $57.59. The firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of -18.38 and a beta of 1.68. Ambarella has a 1-year low of $39.69 and a 1-year high of $81.32.

Insider Buying and Selling

In other Ambarella news, VP Christopher Day sold 2,904 shares of the business’s stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $58.00, for a total value of $168,432.00. Following the completion of the sale, the vice president now directly owns 18,466 shares of the company’s stock, valued at $1,071,028. The trade was a 13.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Chi-Hong Ju sold 5,118 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $75.71, for a total transaction of $387,483.78. Following the transaction, the vice president now owns 158,686 shares in the company, valued at $12,014,117.06. This represents a 3.12 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,931 shares of company stock worth $1,579,604. Insiders own 5.70% of the company’s stock.

Institutional Trading of Ambarella

A number of institutional investors and hedge funds have recently made changes to their positions in AMBA. Azzad Asset Management Inc. ADV raised its stake in shares of Ambarella by 2.4% in the 2nd quarter. Azzad Asset Management Inc. ADV now owns 9,983 shares of the semiconductor company’s stock valued at $539,000 after acquiring an additional 231 shares in the last quarter. Versor Investments LP grew its holdings in Ambarella by 5.9% during the third quarter. Versor Investments LP now owns 4,619 shares of the semiconductor company’s stock valued at $261,000 after purchasing an additional 256 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Ambarella by 6.4% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,767 shares of the semiconductor company’s stock valued at $269,000 after purchasing an additional 285 shares during the period. CWM LLC boosted its holdings in shares of Ambarella by 127.7% during the 2nd quarter. CWM LLC now owns 542 shares of the semiconductor company’s stock worth $29,000 after buying an additional 304 shares during the period. Finally, Blue Trust Inc. grew its stake in Ambarella by 180.3% in the 3rd quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 321 shares during the last quarter. Institutional investors and hedge funds own 82.09% of the company’s stock.

About Ambarella

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.