Ambarella (NASDAQ:AMBA) Price Target Raised to $110.00 at Needham & Company LLC

Ambarella (NASDAQ:AMBA - Get Free Report) had its price target upped by equities researchers at Needham & Company LLC from $100.00 to $110.00 in a report released on Thursday,Benzinga reports. The firm currently has a "buy" rating on the semiconductor company's stock. Needham & Company LLC's price objective indicates a potential upside of 93.63% from the company's current price.

AMBA has been the topic of several other reports. Rosenblatt Securities reiterated a "buy" rating and issued a $100.00 price target on shares of Ambarella in a research note on Friday, December 6th. Stifel Nicolaus raised their price target on Ambarella from $80.00 to $95.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. StockNews.com downgraded Ambarella from a "hold" rating to a "sell" rating in a report on Tuesday, December 10th. Bank of America upgraded shares of Ambarella from an "underperform" rating to a "neutral" rating and set a $80.00 target price on the stock in a report on Monday, December 16th. Finally, Susquehanna increased their price target on shares of Ambarella from $95.00 to $100.00 and gave the company a "positive" rating in a research note on Wednesday, January 22nd. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Ambarella currently has a consensus rating of "Moderate Buy" and an average target price of $86.67.

Ambarella Stock Down 7.5 %

AMBA traded down $4.62 during trading on Thursday, hitting $56.81. The company had a trading volume of 1,521,161 shares, compared to its average volume of 839,743. The company has a market capitalization of $2.37 billion, a PE ratio of -14.72 and a beta of 1.66. The firm's 50-day moving average price is $76.07 and its 200 day moving average price is $65.32. Ambarella has a one year low of $39.69 and a one year high of $85.15.

Insider Transactions at Ambarella

In other news, COO Chan W. Lee sold 1,000 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $75.90, for a total transaction of $75,900.00. Following the sale, the chief operating officer now directly owns 110,918 shares of the company's stock, valued at approximately $8,418,676.20. This represents a 0.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Chi-Hong Ju sold 5,118 shares of the firm's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $75.71, for a total value of $387,483.78. Following the completion of the sale, the vice president now directly owns 158,686 shares in the company, valued at approximately $12,014,117.06. This represents a 3.12 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,583 shares of company stock valued at $1,853,918. 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. Tributary Capital Management LLC boosted its holdings in shares of Ambarella by 15.4% in the 4th quarter. Tributary Capital Management LLC now owns 287,565 shares of the semiconductor company's stock worth $20,917,000 after buying an additional 38,380 shares during the last quarter. Dynamic Technology Lab Private Ltd grew its holdings in shares of Ambarella by 592.2% during the third quarter. Dynamic Technology Lab Private Ltd now owns 25,883 shares of the semiconductor company's stock worth $1,460,000 after purchasing an additional 22,144 shares in the last quarter. Asset Management One Co. Ltd. bought a new position in shares of Ambarella in the 4th quarter worth $553,000. Mirabella Financial Services LLP purchased a new position in shares of Ambarella in the 3rd quarter worth about $1,530,000. Finally, FMR LLC raised its stake in shares of Ambarella by 185.4% during the third quarter. FMR LLC now owns 17,102 shares of the semiconductor company's stock worth $965,000 after acquiring an additional 11,110 shares in the last quarter. 82.09% of the stock is 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.