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

Shares of Ambarella, Inc. (NASDAQ:AMBA - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the twelve brokerages that are presently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $86.67.

AMBA has been the topic of several research analyst reports. StockNews.com upgraded shares of Ambarella from a "sell" rating to a "hold" rating in a research report on Friday. Stifel Nicolaus lifted their price target on Ambarella from $95.00 to $100.00 and gave the company a "buy" rating in a report on Thursday. Rosenblatt Securities reissued a "buy" rating and issued a $100.00 price objective on shares of Ambarella in a research note on Thursday. Northland Securities restated an "outperform" rating and set a $95.00 price objective (up from $75.00) on shares of Ambarella in a research report on Wednesday, November 27th. Finally, Bank of America upgraded Ambarella from an "underperform" rating to a "neutral" rating and set a $80.00 target price on the stock in a report on Monday, December 16th.

Insiders Place Their Bets

In other Ambarella news, COO Chan W. Lee sold 1,000 shares of the business's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $79.15, for a total value of $79,150.00. Following the transaction, the chief operating officer now directly owns 116,918 shares in the company, valued at $9,254,059.70. The trade was a 0.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Chi-Hong Ju sold 5,118 shares of the firm's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $75.71, for a total transaction of $387,483.78. Following the sale, the vice president now directly owns 158,686 shares of the company's stock, valued at approximately $12,014,117.06. The trade was a 3.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 24,583 shares of company stock worth $1,853,918 over the last quarter. Company insiders own 5.70% of the company's stock.

Institutional Investors Weigh In On Ambarella

Large investors have recently bought and sold shares of the business. Blue Trust Inc. boosted its stake in Ambarella by 180.3% in the third quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company's stock worth $27,000 after purchasing an additional 321 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Ambarella by 68.7% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company's stock valued at $32,000 after buying an additional 184 shares during the last quarter. Signaturefd LLC lifted its position in Ambarella by 389.6% during the 3rd quarter. Signaturefd LLC now owns 661 shares of the semiconductor company's stock worth $37,000 after buying an additional 526 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in Ambarella during the 4th quarter worth about $37,000. Finally, Sterling Capital Management LLC increased its position in 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 acquiring an additional 516 shares in the last quarter. 82.09% of the stock is currently owned by institutional investors.

Ambarella Trading Down 7.8 %

AMBA stock traded down $4.77 during trading hours on Friday, hitting $56.66. 1,056,829 shares of the stock traded hands, compared to its average volume of 826,298. The stock has a 50-day simple moving average of $76.07 and a 200 day simple moving average of $65.32. The company has a market cap of $2.36 billion, a P/E ratio of -14.80 and a beta of 1.66. Ambarella has a one year low of $39.69 and a one year high of $85.15.

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.