Ambarella (NASDAQ:AMBA) Price Target Raised to $100.00

Ambarella (NASDAQ:AMBA) had its price objective increased by investment analysts at Stifel Nicolaus from $95.00 to $100.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Stifel Nicolaus’ target price indicates a potential upside of 62.79% from the company’s current price.

Several other research firms have also commented on AMBA. Craig Hallum upped their target price on Ambarella from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Susquehanna raised their target price on shares of Ambarella from $95.00 to $100.00 and gave the stock a “positive” rating in a research report on Wednesday, January 22nd. StockNews.com downgraded shares of Ambarella from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. Morgan Stanley upped their price objective on Ambarella from $73.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $100.00 target price on shares of Ambarella in a report on Thursday. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Ambarella presently has a consensus rating of “Moderate Buy” and an average target price of $86.67.

Ambarella Stock Performance

Shares of AMBA stock opened at $61.43 on Thursday. The stock has a fifty day moving average price of $76.26 and a 200 day moving average price of $64.93. The stock has a market cap of $2.56 billion, a PE ratio of -15.91 and a beta of 1.66. Ambarella has a 1 year low of $39.69 and a 1 year high of $85.15.

Insiders Place Their Bets

In other news, CFO John Alexander Young sold 2,136 shares of Ambarella stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $75.41, for a total value of $161,075.76. Following the completion of the transaction, the chief financial officer now owns 101,393 shares in the company, valued at approximately $7,646,046.13. This trade represents a 2.06 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Feng-Ming Wang sold 4,296 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $75.41, for a total value of $323,961.36. Following the transaction, the chief executive officer now owns 755,231 shares in the company, valued at $56,951,969.71. This trade represents a 0.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,861 shares of company stock valued at $1,945,436 in the last ninety days. Corporate insiders own 5.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Skandinaviska Enskilda Banken AB publ boosted its position in Ambarella by 68.7% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 184 shares during the period. Blue Trust Inc. increased its holdings in shares of Ambarella by 180.3% during the third quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 321 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in Ambarella during the 4th quarter valued at about $37,000. Sterling Capital Management LLC lifted its stake in Ambarella by 629.3% during the fourth quarter. Sterling Capital Management LLC now owns 598 shares of the semiconductor company’s stock valued at $43,000 after buying an additional 516 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in shares of Ambarella by 389.6% during the third quarter. Signaturefd LLC now owns 661 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 526 shares during the period. 82.09% of the stock is owned by institutional investors and hedge funds.

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.