Ambarella (NASDAQ:AMBA) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Ambarella (NASDAQ:AMBA - Free Report) from a sell rating to a hold rating in a research report released on Friday.

A number of other analysts also recently issued reports on the stock. Stifel Nicolaus lifted their price objective on shares of Ambarella from $95.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday. Needham & Company LLC lifted their price target on Ambarella from $100.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday. Susquehanna increased their price objective on Ambarella from $95.00 to $100.00 and gave the company a "positive" rating in a research report on Wednesday, January 22nd. Morgan Stanley raised their price objective on Ambarella from $73.00 to $90.00 and gave the company an "overweight" rating in a report on Wednesday, November 27th. Finally, Northland Securities reaffirmed an "outperform" rating and issued a $95.00 target price (up previously from $75.00) on shares of Ambarella in a research note on Wednesday, November 27th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Ambarella currently has an average rating of "Moderate Buy" and an average target price of $86.67.

Ambarella Stock Performance

Ambarella stock traded down $4.62 during mid-day trading on Friday, hitting $56.81. 1,556,419 shares of the company traded hands, compared to its average volume of 840,639. Ambarella has a one year low of $39.69 and a one year high of $85.15. The stock has a market cap of $2.37 billion, a price-to-earnings ratio of -14.72 and a beta of 1.66. The stock has a fifty day moving average price of $76.07 and a 200-day moving average price of $65.32.

Insider Buying and Selling

In other news, VP Chi-Hong Ju sold 5,118 shares of the business's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $75.71, for a total transaction of $387,483.78. Following the transaction, the vice president now directly owns 158,686 shares of the company's stock, valued at approximately $12,014,117.06. The trade was a 3.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Chan W. Lee sold 1,000 shares of the company's stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $73.48, for a total value of $73,480.00. Following the transaction, the chief operating officer now owns 114,918 shares of the company's stock, valued at approximately $8,444,174.64. This represents a 0.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 24,583 shares of company stock valued at $1,853,918 over the last three months. 5.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AMBA. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Ambarella during the 4th quarter valued at about $52,770,000. Point72 Asset Management L.P. lifted its holdings in Ambarella by 70.0% in the third quarter. Point72 Asset Management L.P. now owns 862,084 shares of the semiconductor company's stock worth $48,626,000 after buying an additional 355,078 shares during the period. Invesco Ltd. boosted its position in Ambarella by 736.7% during the 4th quarter. Invesco Ltd. now owns 335,730 shares of the semiconductor company's stock valued at $24,421,000 after acquiring an additional 295,606 shares in the last quarter. Barclays PLC boosted its position in Ambarella by 281.3% during the 3rd quarter. Barclays PLC now owns 388,090 shares of the semiconductor company's stock valued at $21,891,000 after acquiring an additional 286,296 shares in the last quarter. Finally, Woodline Partners LP grew its holdings in shares of Ambarella by 2,367.1% during the 4th quarter. Woodline Partners LP now owns 263,333 shares of the semiconductor company's stock worth $19,155,000 after acquiring an additional 252,659 shares during the period. 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.