Ambarella (NASDAQ:AMBA) Given New $80.00 Price Target at Stifel Nicolaus

Ambarella (NASDAQ:AMBA - Get Free Report) had its price objective decreased by equities research analysts at Stifel Nicolaus from $100.00 to $80.00 in a report released on Thursday,Benzinga reports. The firm currently has a "buy" rating on the semiconductor company's stock. Stifel Nicolaus' price target indicates a potential upside of 94.77% from the company's current price.

A number of other analysts have also commented on the company. Susquehanna increased their price objective on Ambarella from $95.00 to $100.00 and gave the company a "positive" rating in a research note on Wednesday, January 22nd. Rosenblatt Securities reiterated a "buy" rating and issued a $100.00 price target on shares of Ambarella in a report on Thursday, February 27th. Needham & Company LLC upped their target price on Ambarella from $100.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Finally, StockNews.com upgraded Ambarella from a "sell" rating to a "hold" rating in a report on Friday, February 28th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $85.00.

Ambarella Price Performance

Shares of NASDAQ AMBA traded down $0.39 on Thursday, hitting $41.08. The company's stock had a trading volume of 998,541 shares, compared to its average volume of 692,290. The stock has a 50 day moving average of $55.75 and a 200-day moving average of $64.13. Ambarella has a 12-month low of $38.86 and a 12-month high of $85.15. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of -10.64 and a beta of 1.86.

Insider Transactions at Ambarella

In other news, CFO John Alexander Young sold 2,103 shares of the company's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $55.02, for a total value of $115,707.06. Following the completion of the transaction, the chief financial officer now directly owns 113,886 shares in the company, valued at approximately $6,266,007.72. This represents a 1.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Christopher Day sold 479 shares of the company's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $55.02, for a total transaction of $26,354.58. Following the completion of the transaction, the vice president now directly owns 15,441 shares of the company's stock, valued at approximately $849,563.82. The trade was a 3.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,328 shares of company stock valued at $513,467 over the last quarter. Company insiders own 5.70% of the company's stock.

Institutional Investors Weigh In On Ambarella

A number of institutional investors have recently modified their holdings of AMBA. Skandinaviska Enskilda Banken AB publ raised its position in shares of Ambarella by 68.7% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company's stock worth $32,000 after purchasing an additional 184 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in Ambarella in the fourth quarter worth $37,000. Sterling Capital Management LLC lifted its stake in Ambarella by 629.3% in the fourth quarter. Sterling Capital Management LLC now owns 598 shares of the semiconductor company's stock valued at $43,000 after buying an additional 516 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Ambarella during the fourth quarter valued at $53,000. Finally, R Squared Ltd bought a new position in shares of Ambarella during the fourth quarter worth about $68,000. Institutional investors own 82.09% of the company's stock.

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.