Ambarella (NASDAQ:AMBA) Upgraded by StockNews.com to “Hold” Rating

StockNews.com upgraded shares of Ambarella (NASDAQ:AMBA) from a sell rating to a hold rating in a report published on Monday morning.

Several other brokerages have also recently issued reports on AMBA. Stifel Nicolaus upped their price objective on Ambarella from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Craig Hallum upped 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. Susquehanna upped their price objective on Ambarella from $70.00 to $85.00 and gave the company a “positive” rating in a research note on Wednesday, November 27th. Westpark Capital restated a “buy” rating and set a $85.00 price objective on shares of Ambarella in a research note on Monday, August 26th. Finally, Northland Securities reaffirmed an “outperform” rating and set a $95.00 target price (up from $75.00) on shares of Ambarella in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Ambarella has a consensus rating of “Moderate Buy” and an average target price of $81.67.

Ambarella Stock Performance

NASDAQ:AMBA opened at $70.17 on Monday. Ambarella has a one year low of $39.69 and a one year high of $81.32. The business’s 50-day simple moving average is $59.60 and its 200 day simple moving average is $55.59. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of -18.18 and a beta of 1.63.

Insider Buying and Selling at Ambarella

In other news, CEO Feng-Ming Wang sold 4,382 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $56.02, for a total transaction of $245,479.64. Following the completion of the sale, the chief executive officer now owns 803,574 shares in the company, valued at approximately $45,016,215.48. This represents a 0.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Christopher Day sold 2,904 shares of the stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $58.00, for a total value of $168,432.00. Following the sale, the vice president now owns 18,466 shares of the company’s stock, valued at $1,071,028. This trade represents a 13.59 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,460 shares of company stock valued at $1,013,172. 5.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ambarella

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD lifted its holdings in shares of Ambarella by 7.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,575 shares of the semiconductor company’s stock valued at $1,045,000 after purchasing an additional 1,502 shares in the last quarter. CWM LLC lifted its holdings in shares of Ambarella by 127.7% in the second quarter. CWM LLC now owns 542 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 304 shares in the last quarter. Linden Thomas Advisory Services LLC lifted its holdings in shares of Ambarella by 1.7% in the second quarter. Linden Thomas Advisory Services LLC now owns 17,522 shares of the semiconductor company’s stock valued at $945,000 after purchasing an additional 288 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Ambarella in the second quarter valued at $841,000. Finally, SWS Partners lifted its holdings in shares of Ambarella by 25.3% in the second quarter. SWS Partners now owns 79,522 shares of the semiconductor company’s stock valued at $4,290,000 after purchasing an additional 16,049 shares in the last quarter. Institutional investors and hedge funds own 82.09% of the company’s stock.

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.