Ambarella, Inc. (NASDAQ:AMBA) Receives $84.17 Consensus PT from Brokerages

Shares of Ambarella, Inc. (NASDAQ:AMBA) have been given an average recommendation of “Moderate Buy” by the twelve ratings firms that are covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $84.17.

Several equities research analysts have commented on AMBA shares. StockNews.com lowered Ambarella from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. Needham & Company LLC raised their price target on shares of Ambarella from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Stifel Nicolaus boosted their price objective on shares of Ambarella from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Susquehanna raised their target price on shares of Ambarella from $70.00 to $85.00 and gave the company a “positive” rating in a research note on Wednesday, November 27th. Finally, Northland Securities reaffirmed an “outperform” rating and set a $95.00 price target (up from $75.00) on shares of Ambarella in a research report on Wednesday, November 27th.

Ambarella Stock Performance

Shares of AMBA stock opened at $74.53 on Thursday. The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of -19.31 and a beta of 1.66. Ambarella has a one year low of $39.69 and a one year high of $81.32. The company has a 50 day moving average price of $69.20 and a 200 day moving average price of $59.72.

Insider Activity at Ambarella

In other Ambarella news, COO Chan W. Lee sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $79.15, for a total transaction of $79,150.00. Following the sale, the chief operating officer now owns 116,918 shares in the company, valued at $9,254,059.70. This represents a 0.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Christopher Day sold 1,278 shares of Ambarella stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $71.61, for a total value of $91,517.58. Following the completion of the transaction, the vice president now owns 17,188 shares of the company’s stock, valued at approximately $1,230,832.68. The trade was a 6.92 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,861 shares of company stock valued at $1,721,916. Insiders own 5.70% of the company’s stock.

Hedge Funds Weigh In On Ambarella

Several large investors have recently added to or reduced their stakes in AMBA. Point72 Asset Management L.P. grew its holdings in shares of Ambarella by 1,556.9% during the second quarter. Point72 Asset Management L.P. now owns 507,006 shares of the semiconductor company’s stock valued at $27,353,000 after purchasing an additional 476,406 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Ambarella by 36.2% in the second quarter. The Manufacturers Life Insurance Company now owns 1,291,900 shares of the semiconductor company’s stock valued at $69,698,000 after buying an additional 343,385 shares during the last quarter. Barclays PLC boosted its holdings in shares of Ambarella by 281.3% during the third quarter. Barclays PLC now owns 388,090 shares of the semiconductor company’s stock valued at $21,891,000 after acquiring an additional 286,296 shares during the period. Marshall Wace LLP grew its position in shares of Ambarella by 69.2% during the second quarter. Marshall Wace LLP now owns 613,346 shares of the semiconductor company’s stock worth $33,090,000 after acquiring an additional 250,778 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its position in Ambarella by 230.1% in the 2nd quarter. Acadian Asset Management LLC now owns 172,444 shares of the semiconductor company’s stock valued at $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.

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.