Ambarella's (AMBA) "Buy" Rating Reiterated at Rosenblatt Securities

Ambarella (NASDAQ:AMBA - Get Free Report)'s stock had its "buy" rating reaffirmed by investment analysts at Rosenblatt Securities in a research report issued on Friday,Benzinga reports. They currently have a $100.00 price objective on the semiconductor company's stock. Rosenblatt Securities' price objective would suggest a potential upside of 39.47% from the stock's current price.

Several other research analysts also recently issued reports on AMBA. Morgan Stanley lifted their price target on Ambarella from $73.00 to $90.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 27th. Stifel Nicolaus upped their price target on shares of Ambarella from $80.00 to $95.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Roth Mkm reiterated a "neutral" rating and issued a $60.00 price target on shares of Ambarella in a research report on Wednesday, August 28th. Craig Hallum upped their target price on Ambarella from $85.00 to $90.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Finally, StockNews.com raised Ambarella from a "sell" rating to a "hold" rating in a research report on Monday, December 2nd. 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. Based on data from MarketBeat.com, Ambarella currently has an average rating of "Moderate Buy" and a consensus price target of $82.92.

Ambarella Trading Up 3.4 %

Shares of AMBA stock traded up $2.38 during trading on Friday, reaching $71.70. The company's stock had a trading volume of 526,821 shares, compared to its average volume of 847,092. Ambarella has a 1-year low of $39.69 and a 1-year high of $81.32. The stock's 50-day moving average price is $60.84 and its 200 day moving average price is $56.11.

Insider Transactions at Ambarella

In other news, VP Christopher Day sold 483 shares of the firm's stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $53.54, for a total value of $25,859.82. Following the transaction, the vice president now directly owns 21,370 shares in the company, valued at $1,144,149.80. This trade represents a 2.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Feng-Ming Wang sold 4,301 shares of the business's stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $53.54, for a total value of $230,275.54. Following the sale, the chief executive officer now owns 799,527 shares of the company's stock, valued at $42,806,675.58. The trade was a 0.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,356 shares of company stock worth $859,210 in the last three months. Company insiders own 5.70% of the company's stock.

Institutional Investors Weigh In On Ambarella

Institutional investors have recently bought and sold shares of the business. State Street Corp raised its stake in shares of Ambarella by 2.6% in the 3rd quarter. State Street Corp now owns 1,924,235 shares of the semiconductor company's stock valued at $108,536,000 after acquiring an additional 47,856 shares during the period. Millennium Management LLC increased its holdings in Ambarella by 7.0% in the 2nd quarter. Millennium Management LLC now owns 1,447,466 shares of the semiconductor company's stock valued at $78,091,000 after purchasing an additional 94,257 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Ambarella by 4.8% during the third quarter. The Manufacturers Life Insurance Company now owns 1,353,287 shares of the semiconductor company's stock worth $76,332,000 after purchasing an additional 61,387 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Ambarella by 1.6% in the third 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 period. Finally, Point72 Asset Management L.P. grew its stake in shares of Ambarella by 70.0% in the third quarter. Point72 Asset Management L.P. now owns 862,084 shares of the semiconductor company's stock valued at $48,626,000 after buying an additional 355,078 shares in the last quarter. 82.09% of the stock is currently owned by hedge funds and other institutional investors.

About Ambarella

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.