Ambarella, Inc. (NASDAQ:AMBA) Short Interest Update

Ambarella, Inc. (NASDAQ:AMBA) was the target of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 1,370,000 shares, a decrease of 29.7% from the February 28th total of 1,950,000 shares. Currently, 3.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 824,600 shares, the short-interest ratio is presently 1.7 days.

Insider Activity

In related news, Director Christopher B. Paisley sold 500 shares of the stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $55.50, for a total value of $27,750.00. Following the completion of the transaction, the director now directly owns 40,281 shares in the company, valued at approximately $2,235,595.50. This represents a 1.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Christopher Day sold 1,247 shares of the company’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $78.10, for a total value of $97,390.70. Following the completion of the transaction, the vice president now directly owns 14,530 shares in the company, valued at approximately $1,134,793. This trade represents a 7.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,575 shares of company stock worth $987,007 over the last three months. Insiders own 5.70% of the company’s stock.

Institutional Trading of Ambarella

Several institutional investors have recently modified their holdings of AMBA. Skandinaviska Enskilda Banken AB publ grew its position in shares of Ambarella by 68.7% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 184 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in Ambarella in the fourth quarter valued at $37,000. Sterling Capital Management LLC raised its holdings in shares of Ambarella by 629.3% in 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 during the last quarter. Larson Financial Group LLC boosted its stake in shares of Ambarella by 6,014.3% during the third quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company’s stock worth $48,000 after buying an additional 842 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Ambarella during the fourth quarter worth about $53,000. Hedge funds and other institutional investors own 82.09% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on AMBA shares. Needham & Company LLC upped their price target on Ambarella from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. StockNews.com upgraded Ambarella from a “sell” rating to a “hold” rating in a report on Friday, February 28th. Stifel Nicolaus increased their price target on shares of Ambarella from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Bank of America upgraded shares of Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 price objective for the company in a report on Monday, December 16th. Finally, Susquehanna raised their price target on shares of Ambarella from $95.00 to $100.00 and gave the company a “positive” rating in a research report on Wednesday, January 22nd. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $86.67.

Ambarella Stock Performance

Shares of NASDAQ AMBA opened at $50.61 on Friday. The stock’s 50-day simple moving average is $67.51 and its 200-day simple moving average is $65.39. The firm has a market capitalization of $2.11 billion, a PE ratio of -13.11 and a beta of 1.78. Ambarella has a fifty-two week low of $39.69 and a fifty-two week high of $85.15.

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.