Ambarella (NASDAQ:AMBA) Sets New 1-Year Low - Should You Sell?

Shares of Ambarella, Inc. (NASDAQ:AMBA - Get Free Report) reached a new 52-week low on Monday . The stock traded as low as $38.86 and last traded at $39.08, with a volume of 50311 shares traded. The stock had previously closed at $41.94.

Analyst Ratings Changes

A number of brokerages recently weighed in on AMBA. Rosenblatt Securities reaffirmed a "buy" rating and issued a $100.00 target price on shares of Ambarella in a research note on Thursday, February 27th. StockNews.com upgraded shares of Ambarella from a "sell" rating to a "hold" rating in a research report on Friday, February 28th. Needham & Company LLC upped their target price on shares of Ambarella from $100.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Bank of America raised Ambarella from an "underperform" rating to a "neutral" rating and set a $80.00 target price on the stock in a research note on Monday, December 16th. Finally, Stifel Nicolaus lifted their price target on Ambarella from $95.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $86.67.

Ambarella Trading Up 0.9 %

The stock has a 50 day simple moving average of $59.68 and a 200 day simple moving average of $64.61. The firm has a market capitalization of $1.87 billion, a PE ratio of -11.41 and a beta of 1.86.

Insider Buying and Selling

In related news, COO Chan W. Lee sold 1,000 shares of the firm's stock in a transaction on Monday, January 13th. The stock was sold at an average price of $73.50, for a total value of $73,500.00. Following the completion of the sale, the chief operating officer now owns 112,918 shares of the company's stock, valued at $8,299,473. This trade represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO John Alexander Young sold 2,103 shares of Ambarella stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $55.02, for a total transaction of $115,707.06. Following the completion of the sale, the chief financial officer now owns 113,886 shares in the company, valued at approximately $6,266,007.72. This trade represents a 1.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,328 shares of company stock valued at $662,867 over the last three months. 5.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ambarella

Institutional investors and hedge funds have recently modified their holdings of the stock. Skandinaviska Enskilda Banken AB publ raised its stake in Ambarella by 68.7% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company's stock worth $32,000 after buying an additional 184 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of Ambarella in the 4th quarter worth approximately $37,000. Sterling Capital Management LLC lifted its stake in shares of 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 purchasing an additional 516 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Ambarella during the fourth quarter valued at approximately $53,000. Finally, Johnson Financial Group Inc. purchased a new stake in Ambarella in the fourth quarter worth $71,000. 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.