Ambarella, Inc. (NASDAQ:AMBA) Given Average Recommendation of "Moderate Buy" by Brokerages

Ambarella, Inc. (NASDAQ:AMBA - Get Free Report) has been given a consensus rating of "Moderate Buy" by the twelve analysts that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $85.00.

A number of research analysts have recently weighed in on the company. Needham & Company LLC increased their price target on Ambarella from $100.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Stifel Nicolaus cut their price target on shares of Ambarella from $100.00 to $80.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Susquehanna upped their target price on shares of Ambarella from $95.00 to $100.00 and gave the company a "positive" rating in a research note on Wednesday, January 22nd. Rosenblatt Securities reissued a "buy" rating and set a $100.00 price target on shares of Ambarella in a research report on Thursday, February 27th. Finally, StockNews.com upgraded shares of Ambarella from a "sell" rating to a "hold" rating in a research report on Friday, February 28th.

Insider Activity

In related news, CTO Leslie Kohn sold 1,584 shares of the company's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $55.02, for a total value of $87,151.68. Following the transaction, the chief technology officer now owns 981,392 shares in the company, valued at approximately $53,996,187.84. This represents a 0.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO John Alexander Young sold 2,103 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $55.02, for a total value of $115,707.06. Following the sale, the chief financial officer now owns 113,886 shares of the company's stock, valued at approximately $6,266,007.72. This represents a 1.81 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,328 shares of company stock valued at $513,467. 5.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ambarella

Several institutional investors and hedge funds have recently modified their holdings of AMBA. Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Ambarella by 68.7% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company's stock worth $32,000 after purchasing an additional 184 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in Ambarella in the 4th quarter valued at about $37,000. Sterling Capital Management LLC raised its position in shares of Ambarella by 629.3% in the 4th 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 in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Ambarella during the 4th quarter worth approximately $53,000. Finally, R Squared Ltd bought a new position in Ambarella in the fourth quarter valued at approximately $68,000. 82.09% of the stock is currently owned by institutional investors and hedge funds.

Ambarella Price Performance

Shares of AMBA stock traded up $2.92 on Friday, reaching $45.94. 138,543 shares of the stock were exchanged, compared to its average volume of 695,105. The stock has a 50 day moving average price of $54.35 and a 200 day moving average price of $63.83. The stock has a market cap of $1.95 billion, a PE ratio of -11.87 and a beta of 1.86. Ambarella has a one year low of $38.86 and a one year 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.