Ambarella (NASDAQ:AMBA) Hits New 1-Year High - Time to Buy?

Shares of Ambarella, Inc. (NASDAQ:AMBA - Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as $81.75 and last traded at $83.32, with a volume of 3566 shares traded. The stock had previously closed at $80.79.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Susquehanna upped their target price on shares of Ambarella from $70.00 to $85.00 and gave the company a "positive" rating in a research report on Wednesday, November 27th. Morgan Stanley increased their target price on Ambarella from $73.00 to $90.00 and gave the company an "overweight" rating in a research note on Wednesday, November 27th. Craig Hallum upped their price target on Ambarella from $85.00 to $90.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. StockNews.com downgraded shares of Ambarella from a "hold" rating to a "sell" rating in a research report on Tuesday, December 10th. Finally, Needham & Company LLC boosted their price objective on shares of Ambarella from $90.00 to $100.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Ambarella has a consensus rating of "Moderate Buy" and a consensus target price of $84.17.

Ambarella Trading Up 2.3 %

The stock's 50 day moving average price is $70.96 and its 200 day moving average price is $60.51. The company has a market capitalization of $3.45 billion, a price-to-earnings ratio of -21.41 and a beta of 1.66.

Insider Transactions at Ambarella

In other Ambarella news, Director Hsiao-Wuen Hon sold 377 shares of the firm's stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $74.15, for a total transaction of $27,954.55. Following the completion of the sale, the director now directly owns 28,278 shares in the company, valued at $2,096,813.70. This trade represents a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CTO Leslie Kohn sold 1,757 shares of Ambarella stock in a transaction on Monday, December 16th. The stock was sold at an average price of $75.41, for a total value of $132,495.37. Following the sale, the chief technology officer now directly owns 959,676 shares of the company's stock, valued at $72,369,167.16. This represents a 0.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,861 shares of company stock worth $1,945,436 in the last 90 days. Corporate insiders own 5.70% of the company's stock.

Institutional Investors Weigh In On Ambarella

Hedge funds and other institutional investors have recently made changes to their positions in the business. Tributary Capital Management LLC increased its stake in Ambarella by 15.4% in the fourth quarter. Tributary Capital Management LLC now owns 287,565 shares of the semiconductor company's stock valued at $20,917,000 after acquiring an additional 38,380 shares during the last quarter. Heritage Family Offices LLP acquired a new stake in shares of Ambarella during the fourth quarter worth $213,000. FNY Investment Advisers LLC lifted its position in shares of Ambarella by 52.1% during the 4th quarter. FNY Investment Advisers LLC now owns 2,248 shares of the semiconductor company's stock valued at $163,000 after acquiring an additional 770 shares during the period. Lord Abbett & CO. LLC bought a new stake in shares of Ambarella during the third quarter worth about $3,905,000. Finally, Geode Capital Management LLC boosted its stake in shares of Ambarella by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 916,757 shares of the semiconductor company's stock worth $51,719,000 after buying an additional 14,568 shares during the last quarter. 82.09% of the stock is currently owned by institutional investors and hedge funds.

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.