Ambarella (NASDAQ:AMBA) Price Target Raised to $100.00 at Susquehanna

Ambarella (NASDAQ:AMBA) had its price target upped by Susquehanna from $95.00 to $100.00 in a report published on Wednesday,Benzinga reports. The firm currently has a positive rating on the semiconductor company’s stock.

AMBA has been the subject of several other research reports. Rosenblatt Securities restated a “buy” rating and issued a $100.00 price target on shares of Ambarella in a research note on Friday, December 6th. 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. StockNews.com downgraded Ambarella from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. Bank of America raised shares of Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 target price on the stock in a report on Monday, December 16th. Finally, Craig Hallum boosted their price target on shares of Ambarella from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.42.

Ambarella Trading Down 1.3 %

AMBA stock opened at $81.56 on Wednesday. The business’s fifty day moving average price is $71.42 and its 200 day moving average price is $60.68. Ambarella has a 12-month low of $39.69 and a 12-month high of $85.15. The company has a market capitalization of $3.40 billion, a PE ratio of -21.13 and a beta of 1.66.

Insider Activity at Ambarella

In other news, VP Christopher Day sold 1,278 shares of Ambarella stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $71.61, for a total value of $91,517.58. Following the transaction, the vice president now directly owns 17,188 shares of the company’s stock, valued at $1,230,832.68. The trade was a 6.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Leslie Kohn sold 1,757 shares of Ambarella stock in a transaction on Monday, December 16th. The shares were 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 in the company, valued at approximately $72,369,167.16. This represents a 0.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,861 shares of company stock valued at $1,945,436 in the last three months. 5.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ambarella

Large investors have recently modified their holdings of the stock. Pacer Advisors Inc. raised its position in Ambarella by 24.2% during the 4th quarter. Pacer Advisors Inc. now owns 965 shares of the semiconductor company’s stock worth $70,000 after buying an additional 188 shares during the last quarter. Versor Investments LP boosted its holdings in Ambarella by 5.9% in the 3rd quarter. Versor Investments LP now owns 4,619 shares of the semiconductor company’s stock valued at $261,000 after purchasing an additional 256 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Ambarella by 6.4% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,767 shares of the semiconductor company’s stock worth $269,000 after purchasing an additional 285 shares during the period. Blue Trust Inc. lifted its holdings in shares of Ambarella by 180.3% in the 3rd quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 321 shares during the period. Finally, KBC Group NV boosted its stake in shares of Ambarella by 1.3% in the third quarter. KBC Group NV now owns 41,835 shares of the semiconductor company’s stock valued at $2,360,000 after buying an additional 525 shares in the last quarter. Hedge funds and other institutional investors own 82.09% of the company’s stock.

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.