Ambarella, Inc. (NASDAQ:AMBA) Receives $86.67 Consensus Target Price from Analysts

Shares of Ambarella, Inc. (NASDAQ:AMBA) have earned an average recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $86.67.

A number of equities analysts have issued reports on AMBA shares. Bank of America upgraded 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 upgraded Ambarella from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. Needham & Company LLC increased their price objective on shares of Ambarella from $100.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Stifel Nicolaus lifted their target price on shares of Ambarella from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Finally, Rosenblatt Securities restated a “buy” rating and set a $100.00 price target on shares of Ambarella in a research report on Thursday, February 27th.

Insider Buying and Selling

In other news, COO Chan W. Lee sold 1,000 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $79.15, for a total value of $79,150.00. Following the completion of the sale, the chief operating officer now owns 116,918 shares of the company’s stock, valued at $9,254,059.70. This represents a 0.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Feng-Ming Wang sold 3,194 shares of Ambarella stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $55.02, for a total transaction of $175,733.88. Following the sale, the chief executive officer now directly owns 798,311 shares in the company, valued at approximately $43,923,071.22. The trade was a 0.40 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,575 shares of company stock worth $987,007. 5.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ambarella

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Ambarella in the 4th quarter valued at $52,770,000. Point72 Asset Management L.P. raised its holdings in Ambarella by 70.0% in the 3rd quarter. Point72 Asset Management L.P. now owns 862,084 shares of the semiconductor company’s stock valued at $48,626,000 after buying an additional 355,078 shares during the period. Invesco Ltd. lifted its position in Ambarella by 736.7% in the fourth quarter. Invesco Ltd. now owns 335,730 shares of the semiconductor company’s stock valued at $24,421,000 after buying an additional 295,606 shares during the last quarter. Barclays PLC boosted its stake in Ambarella by 281.3% during the third quarter. Barclays PLC now owns 388,090 shares of the semiconductor company’s stock worth $21,891,000 after buying an additional 286,296 shares during the period. Finally, Woodline Partners LP increased its position in shares of Ambarella by 2,367.1% during the fourth quarter. Woodline Partners LP now owns 263,333 shares of the semiconductor company’s stock valued at $19,155,000 after acquiring an additional 252,659 shares during the last quarter. Institutional investors and hedge funds own 82.09% of the company’s stock.

Ambarella Stock Down 2.3 %

AMBA stock opened at $52.69 on Tuesday. Ambarella has a 52-week low of $39.69 and a 52-week high of $85.15. The firm has a market cap of $2.20 billion, a P/E ratio of -13.65 and a beta of 1.78. The company’s 50-day simple moving average is $68.11 and its 200-day simple moving average is $65.30.

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.