Ambarella (NASDAQ:AMBA) Price Target Raised to $100.00

Ambarella (NASDAQ:AMBA - Get Free Report) had its price target upped by equities researchers at Susquehanna from $95.00 to $100.00 in a report released on Wednesday,Benzinga reports. The firm currently has a "positive" rating on the semiconductor company's stock. Susquehanna's target price suggests a potential upside of 22.61% from the company's previous close.

Several other research analysts also recently weighed in on the stock. Craig Hallum increased their price target on shares of Ambarella from $85.00 to $90.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. StockNews.com cut Ambarella from a "hold" rating to a "sell" rating in a report on Tuesday, December 10th. Northland Securities reissued an "outperform" rating and set a $95.00 price target (up previously from $75.00) on shares of Ambarella in a report on Wednesday, November 27th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $100.00 price objective on shares of Ambarella in a research note on Friday, December 6th. Finally, Stifel Nicolaus boosted their price objective on Ambarella from $80.00 to $95.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $85.42.

Ambarella Trading Down 1.3 %

NASDAQ:AMBA traded down $1.09 during trading hours on Wednesday, reaching $81.56. The company had a trading volume of 484,815 shares, compared to its average volume of 762,743. The firm has a market cap of $3.40 billion, a price-to-earnings ratio of -21.13 and a beta of 1.66. The firm's 50 day moving average price is $71.42 and its 200-day moving average price is $60.68. Ambarella has a 52 week low of $39.69 and a 52 week high of $85.15.

Insider Buying and Selling at Ambarella

In other news, VP Christopher Day sold 1,247 shares of the firm's stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $78.10, for a total value of $97,390.70. Following the completion of the sale, the vice president now directly owns 14,530 shares of the company's stock, valued at $1,134,793. This trade represents a 7.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Chan W. Lee sold 1,488 shares of Ambarella stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $75.41, for a total value of $112,210.08. Following the completion of the transaction, the chief operating officer now owns 119,918 shares of the company's stock, valued at approximately $9,043,016.38. This trade represents a 1.23 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,861 shares of company stock worth $1,945,436. Insiders own 5.70% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Pacer Advisors Inc. lifted its stake in shares of Ambarella by 24.2% during the 4th quarter. Pacer Advisors Inc. now owns 965 shares of the semiconductor company's stock worth $70,000 after acquiring an additional 188 shares during the last quarter. Versor Investments LP increased its stake in Ambarella by 5.9% in the third quarter. Versor Investments LP now owns 4,619 shares of the semiconductor company's stock worth $261,000 after purchasing an additional 256 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Ambarella by 6.4% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,767 shares of the semiconductor company's stock worth $269,000 after purchasing an additional 285 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Ambarella by 180.3% during the third quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company's stock valued at $27,000 after purchasing an additional 321 shares during the period. Finally, KBC Group NV grew its holdings in shares of Ambarella by 1.3% in the third quarter. KBC Group NV now owns 41,835 shares of the semiconductor company's stock worth $2,360,000 after purchasing an additional 525 shares during the last quarter. Institutional investors own 82.09% of the company's stock.

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.