Ambarella, Inc. (NASDAQ:AMBA) Receives $84.17 Consensus PT from Brokerages

Ambarella, Inc. (NASDAQ:AMBA - Get Free Report) has been given an average rating of "Moderate Buy" by the twelve analysts that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $84.17.

AMBA has been the topic of a number of recent analyst reports. Stifel Nicolaus raised their target price on shares of Ambarella from $80.00 to $95.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Rosenblatt Securities restated a "buy" rating and set a $100.00 price objective on shares of Ambarella in a research report on Friday, December 6th. StockNews.com lowered shares of Ambarella from a "hold" rating to a "sell" rating in a research report on Tuesday, December 10th. Craig Hallum increased their target price on Ambarella from $85.00 to $90.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Finally, Northland Securities reaffirmed an "outperform" rating and set a $95.00 price target (up previously from $75.00) on shares of Ambarella in a research note on Wednesday, November 27th.

Ambarella Price Performance

NASDAQ AMBA traded up $1.88 during trading on Thursday, reaching $76.20. The company's stock had a trading volume of 927,164 shares, compared to its average volume of 914,985. The stock has a market capitalization of $3.18 billion, a PE ratio of -19.74 and a beta of 1.66. The firm has a fifty day moving average of $68.09 and a 200 day moving average of $59.21. Ambarella has a one year low of $39.69 and a one year high of $81.32.

Insiders Place Their Bets

In other Ambarella news, VP Christopher Day sold 1,278 shares of the company's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $71.61, for a total transaction of $91,517.58. Following the completion of the transaction, the vice president now owns 17,188 shares of the company's stock, valued at $1,230,832.68. This represents a 6.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Chan W. Lee sold 1,000 shares of Ambarella stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $79.15, for a total value of $79,150.00. Following the completion of the sale, the chief operating officer now owns 116,918 shares in the company, valued at approximately $9,254,059.70. This represents a 0.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,861 shares of company stock valued at $1,721,916 in the last ninety days. Company insiders own 5.70% of the company's stock.

Institutional Investors Weigh In On Ambarella

Institutional investors and hedge funds have recently modified their holdings of the stock. Meeder Asset Management Inc. bought a new position in Ambarella in the second quarter worth about $26,000. Blue Trust Inc. grew its holdings in shares of Ambarella by 180.3% during the 3rd quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company's stock worth $27,000 after acquiring an additional 321 shares during the period. Signaturefd LLC raised its position in shares of Ambarella by 389.6% in the 3rd quarter. Signaturefd LLC now owns 661 shares of the semiconductor company's stock worth $37,000 after acquiring an additional 526 shares in the last quarter. Larson Financial Group LLC lifted its stake in shares of Ambarella by 6,014.3% in the 3rd quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company's stock valued at $48,000 after purchasing an additional 842 shares during the period. Finally, Truvestments Capital LLC bought a new stake in shares of Ambarella during the third quarter valued at approximately $69,000. 82.09% of the stock is owned by hedge funds and other institutional investors.

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.