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

Ambarella, Inc. (NASDAQ:AMBA) 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 value of $79,150.00. Following the transaction, the chief operating officer now directly owns 116,918 shares of the company’s stock, valued at approximately $9,254,059.70. This trade represents a 0.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ambarella Price Performance

Shares of Ambarella stock opened at $76.20 on Friday. The business has a fifty day simple moving average of $68.49 and a two-hundred day simple moving average of $59.33. Ambarella, Inc. has a 1 year low of $39.69 and a 1 year high of $81.32. The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of -19.74 and a beta of 1.66.

Institutional Trading of Ambarella

A number of hedge funds have recently modified their holdings of the stock. Lord Abbett & CO. LLC acquired a new position in Ambarella in the 3rd quarter valued at about $3,905,000. Geode Capital Management LLC grew its position in shares of Ambarella by 1.6% in the third quarter. Geode Capital Management LLC now owns 916,757 shares of the semiconductor company’s stock valued at $51,719,000 after purchasing an additional 14,568 shares during the last quarter. Sender Co & Partners Inc. acquired a new position in shares of Ambarella in the third quarter valued at approximately $481,000. Barclays PLC increased its stake in shares of Ambarella by 281.3% during the third quarter. Barclays PLC now owns 388,090 shares of the semiconductor company’s stock worth $21,891,000 after purchasing an additional 286,296 shares during the period. Finally, Y Intercept Hong Kong Ltd grew its holdings in Ambarella by 8.7% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 12,573 shares of the semiconductor company’s stock valued at $709,000 after buying an additional 1,002 shares in the last quarter. Institutional investors and hedge funds own 82.09% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. StockNews.com cut shares of Ambarella from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. Craig Hallum increased their price objective on shares of Ambarella from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Northland Securities reaffirmed an “outperform” rating and issued a $95.00 target price (up previously from $75.00) on shares of Ambarella in a research report on Wednesday, November 27th. Stifel Nicolaus increased their price target on Ambarella from $80.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $100.00 price target on shares of Ambarella in a research report on Friday, December 6th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Ambarella has an average rating of “Moderate Buy” and an average price target of $84.17.

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.