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

Ambarella, Inc. (NASDAQ:AMBA) has been assigned an average rating of “Moderate Buy” from the twelve research firms that are presently covering the stock, 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 price target among brokers that have updated their coverage on the stock in the last year is $85.42.

AMBA has been the subject of several recent analyst reports. Needham & Company LLC increased their price objective on shares of Ambarella from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Craig Hallum raised their price objective on shares of Ambarella from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Rosenblatt Securities reiterated a “buy” rating and issued a $100.00 price objective on shares of Ambarella in a research note on Friday, December 6th. Northland Securities reaffirmed an “outperform” rating and set a $95.00 target price (up from $75.00) on shares of Ambarella in a research report on Wednesday, November 27th. Finally, Susquehanna increased their target price on Ambarella from $95.00 to $100.00 and gave the stock a “positive” rating in a report on Wednesday, January 22nd.

Ambarella Trading Down 3.7 %

Ambarella stock opened at $75.72 on Monday. The stock has a 50-day moving average price of $74.94 and a two-hundred day moving average price of $62.07. Ambarella has a 12 month low of $39.69 and a 12 month high of $85.15. The company has a market capitalization of $3.16 billion, a PE ratio of -19.62 and a beta of 1.66.

Insider Activity at Ambarella

In other news, VP Chi-Hong Ju sold 5,118 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $75.71, for a total transaction of $387,483.78. Following the completion of the transaction, the vice president now directly owns 158,686 shares in the company, valued at $12,014,117.06. The trade was a 3.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Christopher Day sold 1,278 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 25,861 shares of company stock worth $1,945,436. Corporate insiders own 5.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp grew its holdings in Ambarella by 2.6% in the 3rd quarter. State Street Corp now owns 1,924,235 shares of the semiconductor company’s stock worth $108,536,000 after acquiring an additional 47,856 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Ambarella by 4.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,353,287 shares of the semiconductor company’s stock worth $76,332,000 after acquiring an additional 61,387 shares in the last quarter. Geode Capital Management LLC lifted its position in Ambarella by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 916,757 shares of the semiconductor company’s stock valued at $51,719,000 after acquiring an additional 14,568 shares during the period. Point72 Asset Management L.P. boosted its stake in Ambarella by 70.0% during the third quarter. Point72 Asset Management L.P. now owns 862,084 shares of the semiconductor company’s stock worth $48,626,000 after acquiring an additional 355,078 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Ambarella by 7.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 666,286 shares of the semiconductor company’s stock worth $37,582,000 after purchasing an additional 43,874 shares during the period. 82.09% of the stock is owned by institutional investors.

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.