Analysts Set Ambarella, Inc. (NASDAQ:AMBA) PT at $83.64

Shares of Ambarella, Inc. (NASDAQ:AMBA) have earned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $83.64.

Several research firms have recently commented on AMBA. Needham & Company LLC reduced their price target on shares of Ambarella from $110.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, May 30th. Susquehanna upped their target price on shares of Ambarella from $80.00 to $90.00 and gave the company a “positive” rating in a report on Tuesday, July 22nd. Morgan Stanley decreased their price target on shares of Ambarella from $90.00 to $80.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 27th. Summit Insights raised shares of Ambarella to a “hold” rating in a research report on Thursday, May 29th. Finally, Stifel Nicolaus reduced their price objective on Ambarella from $100.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, April 17th.

Ambarella Stock Performance

Ambarella stock opened at $67.61 on Monday. Ambarella has a one year low of $38.86 and a one year high of $85.15. The stock has a fifty day moving average of $61.80 and a 200 day moving average of $60.90. The stock has a market cap of $2.87 billion, a PE ratio of -27.15 and a beta of 2.05.

Insiders Place Their Bets

In related news, Director Christopher B. Paisley sold 1,000 shares of the stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $62.58, for a total transaction of $62,580.00. Following the completion of the sale, the director owned 39,281 shares in the company, valued at approximately $2,458,204.98. This trade represents a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 5.30% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Rhumbline Advisers grew its position in shares of Ambarella by 4.0% during the first quarter. Rhumbline Advisers now owns 58,571 shares of the semiconductor company’s stock valued at $2,948,000 after purchasing an additional 2,249 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in Ambarella by 238.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 13,474 shares of the semiconductor company’s stock valued at $678,000 after buying an additional 9,491 shares in the last quarter. GAMMA Investing LLC grew its holdings in Ambarella by 6,804.3% during the 1st quarter. GAMMA Investing LLC now owns 16,156 shares of the semiconductor company’s stock valued at $813,000 after buying an additional 15,922 shares in the last quarter. Principal Financial Group Inc. increased its stake in Ambarella by 61.8% in the 1st quarter. Principal Financial Group Inc. now owns 25,794 shares of the semiconductor company’s stock worth $1,298,000 after acquiring an additional 9,857 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in shares of Ambarella by 17.6% during the 4th quarter. Sei Investments Co. now owns 10,959 shares of the semiconductor company’s stock worth $797,000 after acquiring an additional 1,639 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.