Ambarella (NASDAQ:AMBA) Price Target Raised to $100.00 at Stifel Nicolaus

Ambarella (NASDAQ:AMBA - Get Free Report) had its price target hoisted by stock analysts at Stifel Nicolaus from $95.00 to $100.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a "buy" rating on the semiconductor company's stock. Stifel Nicolaus' price target points to a potential upside of 76.03% from the stock's previous close.

A number of other equities analysts have also recently commented on the stock. StockNews.com cut shares of Ambarella from a "hold" rating to a "sell" rating in a research note on Tuesday, December 10th. Morgan Stanley upped 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 raised their price target on Ambarella from $85.00 to $90.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. Rosenblatt Securities restated a "buy" rating and set a $100.00 price objective on shares of Ambarella in a report on Thursday. Finally, Bank of America upgraded Ambarella from an "underperform" rating to a "neutral" rating and set a $80.00 target price on the stock in a research note on Monday, December 16th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Ambarella currently has an average rating of "Moderate Buy" and an average target price of $86.67.

Ambarella Price Performance

Shares of Ambarella stock traded down $4.62 during trading hours on Thursday, reaching $56.81. The company's stock had a trading volume of 1,556,356 shares, compared to its average volume of 839,749. The firm has a 50 day moving average price of $76.07 and a 200-day moving average price of $65.32. The stock has a market cap of $2.37 billion, a P/E ratio of -14.72 and a beta of 1.66. Ambarella has a one year low of $39.69 and a one year high of $85.15.

Insider Activity at Ambarella

In other Ambarella news, Director Hsiao-Wuen Hon sold 377 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $74.15, for a total transaction of $27,954.55. Following the sale, the director now owns 28,278 shares of the company's stock, valued at approximately $2,096,813.70. This trade represents a 1.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Chi-Hong Ju sold 5,118 shares of the business's stock in a transaction on Monday, December 9th. The stock was sold at an average price of $75.71, for a total value of $387,483.78. Following the completion of 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 disclosure for this sale can be found here. Insiders sold 24,583 shares of company stock worth $1,853,918 over the last three months. 5.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ambarella

Institutional investors have recently added to or reduced their stakes in the stock. Arizona State Retirement System lifted its position in shares of Ambarella by 1.4% during the fourth quarter. Arizona State Retirement System now owns 11,368 shares of the semiconductor company's stock valued at $827,000 after buying an additional 156 shares during the last quarter. Summit Investment Advisors Inc. raised its stake in shares of Ambarella by 4.2% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,964 shares of the semiconductor company's stock worth $288,000 after acquiring an additional 161 shares in the last quarter. Skandinaviska Enskilda Banken AB publ lifted its position in Ambarella by 68.7% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company's stock valued at $32,000 after acquiring an additional 184 shares during the last quarter. Pacer Advisors Inc. lifted its position in Ambarella by 24.2% during the fourth quarter. Pacer Advisors Inc. now owns 965 shares of the semiconductor company's stock valued at $70,000 after acquiring an additional 188 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its stake in Ambarella by 3.2% in the fourth quarter. Mackenzie Financial Corp now owns 6,406 shares of the semiconductor company's stock valued at $466,000 after acquiring an additional 201 shares in the last quarter. Institutional investors own 82.09% of the company's stock.

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.