Ambarella, Inc. (NASDAQ:AMBA) Receives $86.67 Consensus Target Price from Analysts

Ambarella, Inc. (NASDAQ:AMBA) has earned an average rating of “Moderate Buy” from the twelve ratings firms that are covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $86.67.

Several equities analysts have commented on AMBA shares. Stifel Nicolaus raised their price target on shares of Ambarella from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Bank of America upgraded Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 target price on the stock in a research report on Monday, December 16th. StockNews.com raised Ambarella from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. Susquehanna increased their price objective on Ambarella from $95.00 to $100.00 and gave the company a “positive” rating in a report on Wednesday, January 22nd. Finally, Rosenblatt Securities reissued a “buy” rating and set a $100.00 price target on shares of Ambarella in a report on Thursday, February 27th.

Insider Activity at Ambarella

In related news, VP Christopher Day sold 479 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $55.02, for a total value of $26,354.58. Following the sale, the vice president now owns 15,441 shares in the company, valued at $849,563.82. This represents a 3.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Chan W. Lee sold 1,000 shares of Ambarella stock in a transaction 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 represents a 0.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,575 shares of company stock worth $987,007 over the last 90 days. Company insiders own 5.70% of the company’s stock.

Hedge Funds Weigh In On Ambarella

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Ambarella in the fourth quarter valued at approximately $52,770,000. Point72 Asset Management L.P. lifted its stake 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 valued at $48,626,000 after buying an additional 355,078 shares in the last quarter. Invesco Ltd. increased its position in Ambarella by 736.7% during the fourth quarter. Invesco Ltd. now owns 335,730 shares of the semiconductor company’s stock worth $24,421,000 after buying an additional 295,606 shares in the last quarter. Barclays PLC increased its position in 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 buying an additional 286,296 shares in the last quarter. Finally, Woodline Partners LP raised its holdings in shares of Ambarella by 2,367.1% in the fourth quarter. Woodline Partners LP now owns 263,333 shares of the semiconductor company’s stock worth $19,155,000 after acquiring an additional 252,659 shares during the last quarter. Institutional investors and hedge funds own 82.09% of the company’s stock.

Ambarella Stock Performance

Ambarella stock opened at $50.61 on Tuesday. The company has a market capitalization of $2.11 billion, a PE ratio of -13.11 and a beta of 1.78. Ambarella has a fifty-two week low of $39.69 and a fifty-two week high of $85.15. The firm has a 50 day moving average price of $67.51 and a 200 day moving average price of $65.39.

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.