Ambarella, Inc. (NASDAQ:AMBA) Receives $85.42 Average PT from Analysts

Shares of Ambarella, Inc. (NASDAQ:AMBA) have received an average rating of “Moderate Buy” from the twelve ratings firms that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and eight have assigned 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 $85.42.

A number of research analysts have weighed in on the stock. Bank of America raised shares of Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 price objective on the stock in a research note on Monday, December 16th. Needham & Company LLC increased their target price on shares of Ambarella from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Rosenblatt Securities reissued a “buy” rating and issued a $100.00 price target on shares of Ambarella in a report on Friday, December 6th. Susquehanna lifted their price target on Ambarella from $95.00 to $100.00 and gave the company a “positive” rating in a research report on Wednesday, January 22nd. Finally, Craig Hallum upped their price objective on Ambarella from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th.

Ambarella Stock Up 3.0 %

Shares of NASDAQ AMBA opened at $78.76 on Monday. Ambarella has a twelve month low of $39.69 and a twelve month high of $85.15. The firm has a fifty day simple moving average of $74.82 and a 200 day simple moving average of $61.96. The company has a market capitalization of $3.28 billion, a PE ratio of -20.40 and a beta of 1.66.

Insider Activity

In other Ambarella news, VP Christopher Day sold 1,278 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $71.61, for a total transaction of $91,517.58. Following the transaction, the vice president now owns 17,188 shares of the company’s stock, valued at approximately $1,230,832.68. The trade was a 6.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Chi-Hong Ju sold 5,118 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $75.71, for a total transaction of $387,483.78. Following the completion of the sale, the vice president now directly owns 158,686 shares of the company’s stock, valued at $12,014,117.06. This represents a 3.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,861 shares of company stock valued at $1,945,436 in the last ninety days. Insiders own 5.70% of the company’s stock.

Institutional Trading of Ambarella

Several hedge funds have recently made changes to their positions in the business. Blue Trust Inc. increased its position in Ambarella by 180.3% during the third quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company’s stock worth $27,000 after buying an additional 321 shares during the period. Signaturefd LLC raised its position in Ambarella by 389.6% during the 3rd quarter. Signaturefd LLC now owns 661 shares of the semiconductor company’s stock worth $37,000 after buying an additional 526 shares during the last quarter. Larson Financial Group LLC lifted its stake in shares of Ambarella by 6,014.3% in the 3rd quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company’s stock worth $48,000 after acquiring an additional 842 shares during the period. R Squared Ltd purchased a new stake in shares of Ambarella in the fourth quarter valued at about $68,000. Finally, Pacer Advisors Inc. increased its stake in shares of Ambarella by 24.2% during the fourth quarter. Pacer Advisors Inc. now owns 965 shares of the semiconductor company’s stock worth $70,000 after acquiring an additional 188 shares during the period. 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.