Ambarella, Inc. (NASDAQ:AMBA) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Ambarella, Inc. (NASDAQ:AMBA) have been assigned an average recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $85.00.

A number of brokerages recently issued reports on AMBA. Needham & Company LLC raised their price objective on shares of Ambarella from $100.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, February 27th. StockNews.com raised Ambarella from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. Stifel Nicolaus decreased their target price on shares of Ambarella from $100.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, April 17th. Rosenblatt Securities reiterated a “buy” rating and issued a $100.00 target price on shares of Ambarella in a research note on Thursday, February 27th. Finally, Susquehanna raised their target price on Ambarella from $95.00 to $100.00 and gave the company a “positive” rating in a research report on Wednesday, January 22nd.

Ambarella Trading Up 1.4%

AMBA opened at $63.51 on Wednesday. Ambarella has a 1-year low of $38.86 and a 1-year high of $85.15. The company has a market cap of $2.69 billion, a P/E ratio of -16.45 and a beta of 1.99. The company’s 50 day moving average is $49.83 and its 200-day moving average is $63.28.

Insider Activity

In other Ambarella news, Director Christopher B. Paisley sold 500 shares of the business’s stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $55.50, for a total value of $27,750.00. Following the completion of the transaction, the director now owns 40,281 shares of the company’s stock, valued at approximately $2,235,595.50. The trade was a 1.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO John Alexander Young sold 2,103 shares of the firm’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 transaction of $115,707.06. Following the completion of the sale, the chief financial officer now owns 113,886 shares in the company, valued at $6,266,007.72. This represents a 1.81% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,328 shares of company stock worth $513,467. Corporate insiders own 5.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Ambarella during the 4th quarter valued at about $52,770,000. Nuveen LLC bought a new stake in shares of Ambarella in the 1st quarter valued at approximately $32,169,000. Jacobs Levy Equity Management Inc. grew its holdings in Ambarella by 1,635.4% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 647,788 shares of the semiconductor company’s stock valued at $32,603,000 after purchasing an additional 610,460 shares during the last quarter. Segall Bryant & Hamill LLC bought a new stake in shares of Ambarella during the first quarter worth $15,578,000. Finally, Invesco Ltd. raised its stake in shares of Ambarella by 736.7% during the fourth quarter. Invesco Ltd. now owns 335,730 shares of the semiconductor company’s stock valued at $24,421,000 after acquiring an additional 295,606 shares in the last quarter. 82.09% of the stock is owned by hedge funds and other institutional investors.

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.