Ambarella (NASDAQ:AMBA) Given New $100.00 Price Target at Susquehanna

Ambarella (NASDAQ:AMBA) had its price objective upped by Susquehanna from $95.00 to $100.00 in a research note published on Wednesday,Benzinga reports. They currently have a positive rating on the semiconductor company’s stock.

Several other brokerages also recently commented on AMBA. StockNews.com downgraded Ambarella from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. Needham & Company LLC raised their price objective on shares of Ambarella from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Craig Hallum increased their target price on shares of Ambarella from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Rosenblatt Securities restated a “buy” rating and set a $100.00 price target on shares of Ambarella in a research report on Friday, December 6th. Finally, Morgan Stanley increased their price objective on Ambarella from $73.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.42.

Ambarella Price Performance

NASDAQ:AMBA opened at $79.92 on Wednesday. Ambarella has a 1 year low of $39.69 and a 1 year high of $85.15. The stock’s fifty day moving average price is $72.82 and its two-hundred day moving average price is $61.11. The company has a market cap of $3.33 billion, a P/E ratio of -20.70 and a beta of 1.66.

Insider Buying and Selling

In other news, VP Chi-Hong Ju sold 5,118 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $75.71, for a total transaction of $387,483.78. Following the transaction, the vice president now directly owns 158,686 shares of the company’s stock, valued at approximately $12,014,117.06. This trade represents a 3.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Chan W. Lee sold 1,000 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $75.90, for a total value of $75,900.00. Following the completion of the sale, the chief operating officer now directly owns 110,918 shares of the company’s stock, valued at approximately $8,418,676.20. This trade represents a 0.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,861 shares of company stock worth $1,945,436 in the last quarter. 5.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Ambarella

A number of large investors have recently bought and sold shares of the stock. Blue Trust Inc. boosted its stake in shares of Ambarella by 180.3% during the third quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 321 shares during the period. Signaturefd LLC raised its holdings in Ambarella by 389.6% during the 3rd quarter. Signaturefd LLC now owns 661 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 526 shares during the last quarter. Larson Financial Group LLC boosted its position in Ambarella by 6,014.3% during the 3rd quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company’s stock valued at $48,000 after buying an additional 842 shares during the period. R Squared Ltd bought a new stake in Ambarella in the 4th quarter worth $68,000. Finally, Truvestments Capital LLC purchased a new position in shares of Ambarella in the third quarter valued at about $69,000. 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.