Ambarella (AMBA) – Analysts’ Weekly Ratings Updates

Several analysts have recently updated their ratings and price targets for Ambarella (NASDAQ: AMBA):

• 12/2/2024 – Ambarella was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 11/27/2024 – Ambarella had its price target raised by analysts at Bank of America Co. from $57.00 to $65.00. They now have an “underperform” rating on the stock.
• 11/27/2024 – Ambarella had its price target raised by analysts at Susquehanna from $70.00 to $85.00. They now have a “positive” rating on the stock.
• 11/27/2024 – Ambarella had its price target raised by analysts at Morgan Stanley from $73.00 to $90.00. They now have an “overweight” rating on the stock.
• 11/27/2024 – Ambarella had its “outperform” rating reaffirmed by analysts at Northland Securities. They now have a $95.00 price target on the stock, up previously from $75.00.
• 11/27/2024 – Ambarella had its price target raised by analysts at Stifel Nicolaus from $80.00 to $95.00. They now have a “buy” rating on the stock.
• 11/27/2024 – Ambarella had its price target raised by analysts at Craig Hallum from $85.00 to $90.00. They now have a “buy” rating on the stock.
• 11/27/2024 – Ambarella had its price target raised by analysts at Needham & Company LLC from $90.00 to $100.00. They now have a “buy” rating on the stock.
• 10/21/2024 – Ambarella had its price target lowered by analysts at Susquehanna from $80.00 to $70.00. They now have a “positive” rating on the stock.

Ambarella Trading Down 2.5 %

Shares of AMBA opened at $69.32 on Friday. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of -17.96 and a beta of 1.68. The firm’s fifty day simple moving average is $60.54 and its 200-day simple moving average is $55.95. Ambarella, Inc. has a twelve month low of $39.69 and a twelve month high of $81.32.

Insider Activity

In other news, COO Chan W. Lee sold 1,490 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $53.54, for a total value of $79,774.60. Following the completion of the sale, the chief operating officer now directly owns 121,406 shares of the company’s stock, valued at approximately $6,500,077.24. This represents a 1.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Christopher Day sold 483 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $53.54, for a total value of $25,859.82. Following the completion of the transaction, the vice president now owns 21,370 shares in the company, valued at $1,144,149.80. This trade represents a 2.21 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,356 shares of company stock worth $859,210. Corporate insiders own 5.70% of the company’s stock.

Institutional Investors Weigh In On Ambarella

Large investors have recently modified their holdings of the stock. State Street Corp grew 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 worth $108,536,000 after purchasing an additional 47,856 shares during the period. Millennium Management LLC increased its stake in Ambarella by 7.0% in the 2nd quarter. Millennium Management LLC now owns 1,447,466 shares of the semiconductor company’s stock valued at $78,091,000 after purchasing an additional 94,257 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Ambarella by 4.8% during the third 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 boosted its position in Ambarella by 1.6% during the third quarter. Geode Capital Management LLC now owns 916,757 shares of the semiconductor company’s stock worth $51,719,000 after purchasing an additional 14,568 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its position in shares of Ambarella by 70.0% in the third 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 in the last quarter. Hedge funds and other institutional investors own 82.09% of the company’s stock.

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.