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

Ambarella (NASDAQ:AMBA) had its price target upped by analysts at Susquehanna from $95.00 to $100.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “positive” rating on the semiconductor company’s stock. Susquehanna’s price target suggests a potential upside of 21.20% from the stock’s current price.

AMBA has been the topic of several other research reports. Northland Securities reissued an “outperform” rating and set a $95.00 price objective (up previously from $75.00) on shares of Ambarella in a research note on Wednesday, November 27th. Stifel Nicolaus raised their price objective on Ambarella from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Rosenblatt Securities reiterated a “buy” rating and issued a $100.00 target price on shares of Ambarella in a research note on Friday, December 6th. Needham & Company LLC raised their price target on Ambarella from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Finally, Craig Hallum upped their price objective on shares of Ambarella from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Ambarella presently has a consensus rating of “Moderate Buy” and an average target price of $85.42.

Ambarella Stock Up 1.2 %

Shares of NASDAQ:AMBA opened at $82.51 on Wednesday. The company has a market capitalization of $3.44 billion, a P/E ratio of -21.38 and a beta of 1.66. Ambarella has a 52-week low of $39.69 and a 52-week high of $85.15. The stock’s fifty day simple moving average is $71.88 and its 200-day simple moving average is $60.83.

Insider Buying and Selling

In other news, COO Chan W. Lee sold 1,488 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $75.41, for a total transaction of $112,210.08. Following the transaction, the chief operating officer now directly owns 119,918 shares of the company’s stock, valued at approximately $9,043,016.38. The trade was a 1.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Chi-Hong Ju sold 5,118 shares of the firm’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 sale, the vice president now directly owns 158,686 shares of the company’s stock, valued at approximately $12,014,117.06. The trade was a 3.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 25,861 shares of company stock valued at $1,945,436. Company insiders own 5.70% of the company’s stock.

Institutional Investors Weigh In On Ambarella

Hedge funds have recently bought and sold shares of the business. State Street Corp boosted its stake in shares of Ambarella by 2.6% during the 3rd quarter. State Street Corp now owns 1,924,235 shares of the semiconductor company’s stock valued at $108,536,000 after buying an additional 47,856 shares during the last quarter. Millennium Management LLC grew its holdings in Ambarella by 7.0% during the 2nd quarter. Millennium Management LLC now owns 1,447,466 shares of the semiconductor company’s stock worth $78,091,000 after acquiring an additional 94,257 shares in the last quarter. The Manufacturers Life Insurance Company increased 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 purchasing an additional 61,387 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Ambarella by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 916,757 shares of the semiconductor company’s stock valued at $51,719,000 after purchasing an additional 14,568 shares in the last quarter. Finally, Point72 Asset Management L.P. lifted its position in shares of 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 purchasing an additional 355,078 shares during the last quarter. Institutional investors and hedge funds 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.