Ambarella, Inc. (NASDAQ:AMBA) COO Chan W. Lee Sells 1,000 Shares

Ambarella, Inc. (NASDAQ:AMBA) COO Chan W. Lee sold 1,000 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $75.90, for a total transaction of $75,900.00. Following the completion of the sale, the chief operating officer now owns 110,918 shares in the company, valued at $8,418,676.20. This represents a 0.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Ambarella Stock Up 3.3 %

Shares of Ambarella stock traded up $2.61 during trading on Friday, reaching $80.79. 573,297 shares of the company were exchanged, compared to its average volume of 756,472. The business has a 50-day moving average price of $70.19 and a 200-day moving average price of $60.10. Ambarella, Inc. has a twelve month low of $39.69 and a twelve month high of $81.32. The firm has a market capitalization of $3.37 billion, a price-to-earnings ratio of -20.93 and a beta of 1.66.

Hedge Funds Weigh In On Ambarella

Several hedge funds and other institutional investors have recently modified their holdings of AMBA. State Street Corp lifted its stake in shares of Ambarella by 2.6% in the third quarter. State Street Corp now owns 1,924,235 shares of the semiconductor company’s stock valued at $108,536,000 after buying an additional 47,856 shares in the last quarter. Millennium Management LLC raised its holdings in Ambarella by 7.0% during the 2nd quarter. Millennium Management LLC now owns 1,447,466 shares of the semiconductor company’s stock valued at $78,091,000 after buying an additional 94,257 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Ambarella by 4.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,353,287 shares of the semiconductor company’s stock valued at $76,332,000 after acquiring 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 3rd quarter. Geode Capital Management LLC now owns 916,757 shares of the semiconductor company’s stock worth $51,719,000 after purchasing an additional 14,568 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its position in Ambarella by 70.0% in the 3rd quarter. Point72 Asset Management L.P. now owns 862,084 shares of the semiconductor company’s stock worth $48,626,000 after buying an additional 355,078 shares during the last quarter. Institutional investors own 82.09% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. StockNews.com cut shares of Ambarella from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. Needham & Company LLC boosted their target price on shares of Ambarella from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Craig Hallum raised their target price on Ambarella from $85.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Susquehanna raised their price target on shares of Ambarella from $70.00 to $85.00 and gave the stock a “positive” rating in a report on Wednesday, November 27th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $100.00 price objective on shares of Ambarella in a research report on Friday, December 6th. One 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, the company presently has an average rating of “Moderate Buy” and a consensus target price of $84.17.

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.