Ambarella, Inc. (NASDAQ:AMBA) Short Interest Up 5.9% in November

Ambarella, Inc. (NASDAQ:AMBA) saw a significant growth in short interest in November. As of November 15th, there was short interest totalling 1,430,000 shares, a growth of 5.9% from the October 31st total of 1,350,000 shares. Based on an average daily volume of 562,300 shares, the short-interest ratio is currently 2.5 days.

Insider Activity at Ambarella

In related news, CEO Feng-Ming Wang sold 4,382 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $56.02, for a total transaction of $245,479.64. Following the transaction, the chief executive officer now directly owns 803,574 shares of the company’s stock, valued at $45,016,215.48. This trade represents a 0.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Christopher Day sold 2,904 shares of the firm’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $58.00, for a total transaction of $168,432.00. Following the transaction, the vice president now directly owns 18,466 shares in the company, valued at $1,071,028. The trade was a 13.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,460 shares of company stock valued at $1,013,172 over the last ninety days. Corporate insiders own 5.70% of the company’s stock.

Hedge Funds Weigh In On Ambarella

Several hedge funds have recently bought and sold shares of AMBA. Meeder Asset Management Inc. purchased a new position in Ambarella during the second quarter valued at approximately $26,000. Blue Trust Inc. grew its stake in 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 acquiring an additional 321 shares in the last quarter. CWM LLC grew its stake in Ambarella by 127.7% during the second quarter. CWM LLC now owns 542 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 304 shares in the last quarter. Signaturefd LLC grew its stake in Ambarella by 389.6% during the third quarter. Signaturefd LLC now owns 661 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 526 shares in the last quarter. Finally, Larson Financial Group LLC grew its stake in Ambarella by 6,014.3% during the third quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company’s stock valued at $48,000 after acquiring an additional 842 shares in the last quarter. Hedge funds and other institutional investors own 82.09% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Morgan Stanley lifted their price objective on shares of Ambarella from $73.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Roth Mkm reaffirmed a “neutral” rating and issued a $60.00 price objective on shares of Ambarella in a research report on Wednesday, August 28th. Northland Securities reaffirmed an “outperform” rating and issued a $95.00 price objective (up previously from $75.00) on shares of Ambarella in a research report on Wednesday, November 27th. Craig Hallum lifted 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. Finally, TD Cowen lifted their price objective on shares of Ambarella from $65.00 to $75.00 and gave the stock a “hold” rating in a research report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $81.67.

Ambarella Stock Down 1.9 %

AMBA opened at $70.17 on Tuesday. The firm has a 50-day moving average price of $59.60 and a 200-day moving average price of $55.59. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of -18.18 and a beta of 1.63. Ambarella has a twelve month low of $39.69 and a twelve month high of $81.32.

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.