Ambarella, Inc. (NASDAQ:AMBA) Receives $85.00 Average Target Price from Brokerages

Ambarella, Inc. (NASDAQ:AMBA) has earned a consensus rating of “Moderate Buy” from the twelve analysts that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $85.00.

A number of research analysts have commented on AMBA shares. Susquehanna increased their price objective 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. Needham & Company LLC increased their price target on shares of Ambarella from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Stifel Nicolaus lowered their price objective on Ambarella from $100.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, April 17th. StockNews.com upgraded Ambarella from a “sell” rating to a “hold” rating in a research note on Friday, February 28th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $100.00 target price on shares of Ambarella in a research report on Thursday, February 27th.

Ambarella Trading Up 1.4%

Shares of AMBA stock opened at $63.51 on Wednesday. Ambarella has a twelve month low of $38.86 and a twelve month high of $85.15. The company has a market capitalization of $2.69 billion, a PE ratio of -16.45 and a beta of 1.99. The firm has a fifty day simple moving average of $49.83 and a 200-day simple moving average of $63.21.

Insider Activity at Ambarella

In other Ambarella news, Director Christopher B. Paisley sold 500 shares of the stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $55.50, for a total transaction of $27,750.00. Following the transaction, the director now owns 40,281 shares in the company, valued at $2,235,595.50. This trade represents a 1.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Feng-Ming Wang sold 3,194 shares of the firm’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $55.02, for a total transaction of $175,733.88. Following the completion of the transaction, the chief executive officer now owns 798,311 shares in the company, valued at $43,923,071.22. The trade was a 0.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,328 shares of company stock valued at $513,467. Insiders own 5.30% of the company’s stock.

Hedge Funds Weigh In On Ambarella

Institutional investors have recently made changes to their positions in the business. Arizona State Retirement System increased its position in Ambarella by 1.4% during the fourth quarter. Arizona State Retirement System now owns 11,368 shares of the semiconductor company’s stock worth $827,000 after acquiring an additional 156 shares during the period. Summit Investment Advisors Inc. increased its holdings 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 purchasing an additional 161 shares during the period. Skandinaviska Enskilda Banken AB publ raised its position in shares of 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 buying an additional 184 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Ambarella by 24.2% in the fourth quarter. Pacer Advisors Inc. now owns 965 shares of the semiconductor company’s stock valued at $70,000 after buying an additional 188 shares during the period. Finally, Mackenzie Financial Corp increased its stake in Ambarella by 3.2% during 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 during the period. 82.09% of the stock is currently owned by 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.