Analysts Set Ambarella, Inc. (NASDAQ:AMBA) Target Price at $82.92

Shares of Ambarella, Inc. (NASDAQ:AMBA - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the twelve analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $82.92.

A number of brokerages have weighed in on AMBA. Northland Securities reiterated an "outperform" rating and set a $95.00 target price (up from $75.00) on shares of Ambarella in a research note on Wednesday, November 27th. Susquehanna increased their target price on Ambarella from $70.00 to $85.00 and gave the company a "positive" rating in a report on Wednesday, November 27th. Roth Mkm restated a "neutral" rating and set a $60.00 price target on shares of Ambarella in a research note on Wednesday, August 28th. Stifel Nicolaus increased their price objective on shares of Ambarella from $80.00 to $95.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. Finally, Rosenblatt Securities restated a "buy" rating and set a $100.00 target price on shares of Ambarella in a research report on Friday, December 6th.

Insiders Place Their Bets

In other news, COO Chan W. Lee sold 1,490 shares of Ambarella stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $53.54, for a total value of $79,774.60. Following the completion of the transaction, the chief operating officer now owns 121,406 shares in the company, valued at approximately $6,500,077.24. The trade was a 1.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Christopher Day sold 483 shares of the stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $53.54, for a total transaction of $25,859.82. Following the completion of the sale, the vice president now directly owns 21,370 shares in the company, valued at approximately $1,144,149.80. This represents a 2.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,474 shares of company stock worth $1,246,694 in the last 90 days. 5.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Ambarella

A number of institutional investors have recently modified their holdings of AMBA. Meeder Asset Management Inc. purchased a new position in Ambarella during the 2nd quarter valued at about $26,000. Blue Trust Inc. increased its holdings in shares of Ambarella by 180.3% in the 3rd quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company's stock valued at $27,000 after acquiring an additional 321 shares during the period. CWM LLC increased its holdings in shares of Ambarella by 127.7% in the 2nd quarter. CWM LLC now owns 542 shares of the semiconductor company's stock valued at $29,000 after acquiring an additional 304 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. Finally, Larson Financial Group LLC lifted its stake in shares of Ambarella by 6,014.3% during the 3rd quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company's stock worth $48,000 after purchasing an additional 842 shares during the last quarter. 82.09% of the stock is owned by hedge funds and other institutional investors.

Ambarella Stock Performance

Shares of AMBA stock traded down $0.56 during trading hours on Friday, reaching $72.53. The company had a trading volume of 512,057 shares, compared to its average volume of 605,829. The firm has a market cap of $3.02 billion, a PE ratio of -18.79 and a beta of 1.68. The business has a fifty day moving average price of $62.53 and a 200-day moving average price of $57.01. Ambarella has a one year low of $39.69 and a one year high of $81.32.

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.