Ambarella, Inc. (NASDAQ:AMBA) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Ambarella, Inc. (NASDAQ:AMBA) have been given an average recommendation of “Moderate Buy” by the twelve analysts that are currently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $84.17.

A number of analysts have weighed in on the company. Craig Hallum raised their price target on Ambarella from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Northland Securities restated an “outperform” rating and set a $95.00 target price (up previously from $75.00) on shares of Ambarella in a research note on Wednesday, November 27th. Needham & Company LLC increased their price target on shares of Ambarella from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Susquehanna boosted their price objective on shares of Ambarella from $70.00 to $85.00 and gave the stock a “positive” rating in a research report on Wednesday, November 27th. Finally, Morgan Stanley increased their target price on shares of Ambarella from $73.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th.

Ambarella Trading Down 1.5 %

Shares of NASDAQ:AMBA opened at $74.53 on Thursday. Ambarella has a 52 week low of $39.69 and a 52 week high of $81.32. The company’s 50 day moving average is $69.20 and its two-hundred day moving average is $59.72. The company has a market cap of $3.11 billion, a PE ratio of -19.31 and a beta of 1.66.

Insider Activity

In other news, CTO Leslie Kohn sold 1,757 shares of Ambarella stock in a transaction on Monday, December 16th. The stock was sold at an average price of $75.41, for a total transaction of $132,495.37. Following the completion of the transaction, the chief technology officer now owns 959,676 shares of the company’s stock, valued at $72,369,167.16. The trade was a 0.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Christopher Day sold 1,278 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $71.61, for a total transaction of $91,517.58. Following the completion of the sale, the vice president now directly owns 17,188 shares in the company, valued at approximately $1,230,832.68. The trade was a 6.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,861 shares of company stock valued at $1,721,916 in the last three months. 5.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Natixis Advisors LLC boosted its stake in shares of Ambarella by 8.7% during the 2nd quarter. Natixis Advisors LLC now owns 28,428 shares of the semiconductor company’s stock worth $1,534,000 after purchasing an additional 2,268 shares during the last quarter. Rhumbline Advisers grew its stake in Ambarella by 5.5% in the 2nd quarter. Rhumbline Advisers now owns 60,780 shares of the semiconductor company’s stock worth $3,279,000 after acquiring an additional 3,177 shares during the period. Victory Capital Management Inc. raised its holdings in Ambarella by 4.6% in the 2nd quarter. Victory Capital Management Inc. now owns 81,213 shares of the semiconductor company’s stock valued at $4,381,000 after acquiring an additional 3,578 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of Ambarella by 3.7% during the 2nd quarter. Arizona State Retirement System now owns 10,893 shares of the semiconductor company’s stock worth $588,000 after purchasing an additional 385 shares during the period. Finally, Acadian Asset Management LLC boosted its holdings in shares of Ambarella by 230.1% during the second quarter. Acadian Asset Management LLC now owns 172,444 shares of the semiconductor company’s stock worth $9,299,000 after purchasing an additional 120,204 shares during the last quarter. 82.09% of the stock is currently owned by institutional investors and hedge funds.

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.