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

Ambarella (NASDAQ:AMBA) had its price objective increased by Stifel Nicolaus from $95.00 to $100.00 in a research note issued to investors on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the semiconductor company’s stock.

Several other research analysts also recently weighed in on AMBA. Rosenblatt Securities reaffirmed a “buy” rating and set a $100.00 target price on shares of Ambarella in a research note on Thursday. StockNews.com downgraded Ambarella from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. Craig Hallum increased their price objective on Ambarella from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Needham & Company LLC increased their price objective on Ambarella from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Susquehanna increased their price objective on Ambarella from $95.00 to $100.00 and gave the company a “positive” rating in a research note on Wednesday, January 22nd. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $86.67.

Ambarella Price Performance

Shares of AMBA stock opened at $61.43 on Thursday. The company has a market cap of $2.56 billion, a price-to-earnings ratio of -15.91 and a beta of 1.66. The stock has a 50 day simple moving average of $76.07 and a 200-day simple moving average of $65.05. Ambarella has a 1-year low of $39.69 and a 1-year high of $85.15.

Insider Transactions at Ambarella

In other news, COO Chan W. Lee sold 1,000 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $75.90, for a total transaction of $75,900.00. Following the completion of the transaction, the chief operating officer now directly owns 110,918 shares in the company, valued at approximately $8,418,676.20. This represents a 0.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Chi-Hong Ju sold 5,118 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $75.71, for a total value of $387,483.78. Following the transaction, the vice president now owns 158,686 shares of the company’s stock, valued at approximately $12,014,117.06. This represents a 3.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,861 shares of company stock worth $1,945,436. 5.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Ambarella

A number of hedge funds and other institutional investors have recently bought and sold shares of AMBA. Blue Trust Inc. boosted its holdings in Ambarella by 180.3% during the 3rd quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 321 shares during the period. Skandinaviska Enskilda Banken AB publ boosted its holdings 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 acquiring an additional 184 shares during the period. Signaturefd LLC boosted its holdings in Ambarella by 389.6% during the 3rd 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. Aster Capital Management DIFC Ltd purchased a new position in Ambarella during the 4th quarter valued at about $37,000. Finally, Sterling Capital Management LLC boosted its holdings in Ambarella by 629.3% during the 4th quarter. Sterling Capital Management LLC now owns 598 shares of the semiconductor company’s stock valued at $43,000 after acquiring an additional 516 shares during the period. 82.09% of the stock is currently owned by hedge funds and other institutional investors.

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.