Ambarella, Inc. (NASDAQ:AMBA) Receives $84.17 Consensus PT from Brokerages

Shares of Ambarella, Inc. (NASDAQ:AMBA) have received an average recommendation of “Moderate Buy” from the twelve analysts that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $84.17.

AMBA has been the topic of a number of research reports. Northland Securities reaffirmed an “outperform” rating and issued a $95.00 price objective (up from $75.00) on shares of Ambarella in a report on Wednesday, November 27th. Needham & Company LLC increased their target price on Ambarella from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Craig Hallum increased their target price on Ambarella from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Stifel Nicolaus increased their price target on Ambarella from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $100.00 target price on shares of Ambarella in a research note on Friday, December 6th.

Insiders Place Their Bets

In other news, VP Christopher Day sold 1,247 shares of the business’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $78.10, for a total value of $97,390.70. Following the completion of the sale, the vice president now owns 14,530 shares of the company’s stock, valued at approximately $1,134,793. The trade was a 7.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Chan W. Lee sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $73.48, for a total value of $73,480.00. Following the transaction, the chief operating officer now directly owns 114,918 shares of the company’s stock, valued at $8,444,174.64. The trade was a 0.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,861 shares of company stock valued at $1,721,916 over the last ninety days. 5.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AMBA. Point72 Asset Management L.P. grew its stake in shares of Ambarella by 1,556.9% in the 2nd quarter. Point72 Asset Management L.P. now owns 507,006 shares of the semiconductor company’s stock worth $27,353,000 after buying an additional 476,406 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Ambarella by 36.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,291,900 shares of the semiconductor company’s stock valued at $69,698,000 after buying an additional 343,385 shares during the period. Barclays PLC lifted its holdings in shares of Ambarella by 281.3% during the 3rd quarter. Barclays PLC now owns 388,090 shares of the semiconductor company’s stock valued at $21,891,000 after buying an additional 286,296 shares during the period. Marshall Wace LLP lifted its holdings in shares of Ambarella by 69.2% during the 2nd quarter. Marshall Wace LLP now owns 613,346 shares of the semiconductor company’s stock valued at $33,090,000 after buying an additional 250,778 shares during the period. Finally, Acadian Asset Management LLC raised its holdings in Ambarella by 230.1% in the 2nd quarter. Acadian Asset Management LLC now owns 172,444 shares of the semiconductor company’s stock worth $9,299,000 after purchasing an additional 120,204 shares during the period. Institutional investors own 82.09% of the company’s stock.

Ambarella Trading Down 0.7 %

Shares of NASDAQ AMBA opened at $75.67 on Thursday. The company has a market capitalization of $3.16 billion, a P/E ratio of -19.60 and a beta of 1.66. Ambarella has a 12 month low of $39.69 and a 12 month high of $81.32. The stock has a 50 day moving average of $68.85 and a 200-day moving average of $59.52.

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.