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

Ambarella, Inc. (NASDAQ:AMBA - Get Free Report) has been given an average rating of "Moderate Buy" by the twelve ratings firms that are covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $86.67.

Several research analysts have recently weighed in on the stock. StockNews.com upgraded shares of Ambarella from a "sell" rating to a "hold" rating in a research note on Friday, February 28th. Stifel Nicolaus lifted their target price on Ambarella from $95.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Bank of America upgraded Ambarella from an "underperform" rating to a "neutral" rating and set a $80.00 price target for the company in a research report on Monday, December 16th. Rosenblatt Securities reaffirmed a "buy" rating and set a $100.00 price objective on shares of Ambarella in a research report on Thursday, February 27th. Finally, Needham & Company LLC increased their target price on shares of Ambarella from $100.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, February 27th.

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Ambarella Price Performance

Shares of NASDAQ:AMBA traded down $2.08 during trading on Tuesday, hitting $50.61. The company's stock had a trading volume of 364,805 shares, compared to its average volume of 674,614. The company has a 50-day moving average of $67.51 and a 200-day moving average of $65.29. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of -13.11 and a beta of 1.78. Ambarella has a 12 month low of $39.69 and a 12 month high of $85.15.

Insider Buying and Selling

In other Ambarella news, CEO Feng-Ming Wang sold 3,194 shares of Ambarella 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 $175,733.88. Following the sale, the chief executive officer now owns 798,311 shares of the company's stock, valued at $43,923,071.22. The trade was a 0.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO John Alexander Young sold 2,103 shares of the stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $55.02, for a total value of $115,707.06. Following the transaction, the chief financial officer now owns 113,886 shares of the company's stock, valued at $6,266,007.72. This represents a 1.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,575 shares of company stock worth $987,007. 5.70% of the stock is owned by insiders.

Institutional Trading of Ambarella

A number of large investors have recently made changes to their positions in the business. Intech Investment Management LLC bought a new stake in Ambarella during the third quarter worth approximately $722,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Ambarella by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 320,319 shares of the semiconductor company's stock worth $18,068,000 after purchasing an additional 3,700 shares during the period. Algert Global LLC increased its position in shares of Ambarella by 76.2% during the 3rd quarter. Algert Global LLC now owns 94,999 shares of the semiconductor company's stock valued at $5,358,000 after purchasing an additional 41,094 shares during the last quarter. Larson Financial Group LLC raised its holdings in Ambarella by 6,014.3% during the 3rd quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company's stock valued at $48,000 after buying an additional 842 shares during the period. Finally, Alpha DNA Investment Management LLC lifted its position in Ambarella by 16.1% in the third quarter. Alpha DNA Investment Management LLC now owns 8,480 shares of the semiconductor company's stock worth $478,000 after buying an additional 1,175 shares during the last quarter. 82.09% of the stock is currently owned by 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.