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

Ambarella, Inc. (NASDAQ:AMBA) has received an average recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the company, Marketbeat Ratings reports. Four 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 brokers that have updated their coverage on the stock in the last year is $84.17.

A number of equities analysts have recently weighed in on the stock. Craig Hallum lifted their price target 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 reissued a “buy” rating and issued a $100.00 target price on shares of Ambarella in a research note on Friday, December 6th. Bank of America raised Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 price target on the stock in a research report on Monday, December 16th. StockNews.com lowered Ambarella from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. Finally, Needham & Company LLC raised their target price on shares of Ambarella from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th.

Insider Buying and Selling at Ambarella

In other Ambarella news, COO Chan W. Lee sold 1,488 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $75.41, for a total value of $112,210.08. Following the completion of the transaction, the chief operating officer now directly owns 119,918 shares in the company, valued at $9,043,016.38. This trade represents a 1.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Christopher Day sold 1,278 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $71.61, for a total value of $91,517.58. Following the sale, the vice president now owns 17,188 shares in the company, valued at approximately $1,230,832.68. This represents a 6.92 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,861 shares of company stock worth $1,721,916. Insiders own 5.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Lord Abbett & CO. LLC bought a new position in Ambarella during the third quarter worth about $3,905,000. Geode Capital Management LLC increased its holdings in shares of Ambarella by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 916,757 shares of the semiconductor company’s stock worth $51,719,000 after acquiring an additional 14,568 shares during the last quarter. Sender Co & Partners Inc. bought a new stake in Ambarella in the 3rd quarter valued at $481,000. Barclays PLC lifted its holdings in Ambarella by 281.3% during the 3rd quarter. Barclays PLC now owns 388,090 shares of the semiconductor company’s stock valued at $21,891,000 after purchasing an additional 286,296 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd boosted its position in Ambarella by 8.7% during the third quarter. Y Intercept Hong Kong Ltd now owns 12,573 shares of the semiconductor company’s stock worth $709,000 after purchasing an additional 1,002 shares during the period. 82.09% of the stock is currently owned by institutional investors and hedge funds.

Ambarella Price Performance

Ambarella stock opened at $76.20 on Thursday. The firm has a market capitalization of $3.18 billion, a price-to-earnings ratio of -19.74 and a beta of 1.66. The company’s 50 day simple moving average is $67.75 and its 200 day simple moving average is $59.09. Ambarella has a fifty-two week low of $39.69 and a fifty-two week high of $81.32.

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.