Ambarella, Inc. (NASDAQ:AMBA) Receives $85.42 Average Price Target from Analysts

Shares of Ambarella, Inc. (NASDAQ:AMBA) have received a consensus rating of “Moderate Buy” from the twelve brokerages that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $85.42.

A number of analysts have recently issued reports on the stock. Stifel Nicolaus raised their price target on shares of Ambarella from $80.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Morgan Stanley raised their target price on shares of Ambarella from $73.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Needham & Company LLC boosted their target price on shares of Ambarella from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Northland Securities reissued an “outperform” rating and issued a $95.00 target price (up from $75.00) on shares of Ambarella in a research report on Wednesday, November 27th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $100.00 price target on shares of Ambarella in a research report on Friday, December 6th.

Ambarella Stock Performance

Shares of NASDAQ AMBA opened at $75.72 on Monday. Ambarella has a 52-week low of $39.69 and a 52-week high of $85.15. The firm’s 50 day moving average price is $74.94 and its 200-day moving average price is $62.07. The company has a market cap of $3.16 billion, a PE ratio of -19.62 and a beta of 1.66.

Insider Activity

In other news, VP Christopher Day sold 1,278 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $71.61, for a total value of $91,517.58. Following the completion of the sale, the vice president now owns 17,188 shares in the company, valued at approximately $1,230,832.68. This trade represents a 6.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Feng-Ming Wang sold 4,296 shares of the 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 $323,961.36. Following the completion of the sale, the chief executive officer now owns 755,231 shares in the company, valued at approximately $56,951,969.71. The trade was a 0.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,861 shares of company stock worth $1,945,436 over the last ninety days. Corporate insiders own 5.70% of the company’s stock.

Institutional Investors Weigh In On Ambarella

A number of institutional investors and hedge funds have recently added to or reduced their stakes in 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 in the last quarter. Signaturefd LLC lifted its position 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 during the last quarter. Larson Financial Group LLC boosted its stake in Ambarella by 6,014.3% in 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. SBI Securities Co. Ltd. purchased a new position in Ambarella in the fourth quarter worth $53,000. Finally, R Squared Ltd acquired a new position in shares of Ambarella during the fourth quarter worth $68,000. Institutional investors own 82.09% of the company’s stock.

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.