Ambarella, Inc. (NASDAQ:AMBA) Short Interest Up 21.3% in February

Ambarella, Inc. (NASDAQ:AMBA) saw a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 1,880,000 shares, a growth of 21.3% from the January 31st total of 1,550,000 shares. Based on an average daily volume of 755,400 shares, the short-interest ratio is presently 2.5 days.

Ambarella Trading Up 1.4 %

Shares of AMBA opened at $56.15 on Thursday. Ambarella has a 1-year low of $39.69 and a 1-year high of $85.15. The business’s 50-day moving average price is $75.01 and its 200 day moving average price is $65.38. The stock has a market capitalization of $2.34 billion, a P/E ratio of -14.55 and a beta of 1.66.

Analysts Set New Price Targets

Several analysts recently commented on the company. Morgan Stanley raised their target price on Ambarella from $73.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Rosenblatt Securities reissued a “buy” rating and set a $100.00 price target on shares of Ambarella in a report on Thursday, February 27th. Bank of America raised shares of Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 price target for the company in a research note on Monday, December 16th. Stifel Nicolaus boosted their target price on Ambarella from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Finally, Northland Securities reissued an “outperform” rating and issued a $95.00 price objective (up previously from $75.00) on shares of Ambarella in a research note on Wednesday, November 27th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $86.67.

Insiders Place Their Bets

In related news, CEO Feng-Ming Wang sold 4,296 shares of Ambarella stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $75.41, for a total value of $323,961.36. Following the sale, the chief executive officer now directly owns 755,231 shares in the company, valued at $56,951,969.71. This trade represents a 0.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Chi-Hong Ju sold 5,118 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were 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 $12,014,117.06. The trade was a 3.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,583 shares of company stock valued at $1,853,918. Company insiders own 5.70% of the company’s stock.

Institutional Investors Weigh In On Ambarella

A number of large investors have recently made changes to their positions in the company. Skandinaviska Enskilda Banken AB publ grew its position in Ambarella by 68.7% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 184 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Ambarella during the fourth quarter worth approximately $37,000. Sterling Capital Management LLC grew its position in Ambarella by 629.3% during the fourth quarter. Sterling Capital Management LLC now owns 598 shares of the semiconductor company’s stock valued at $43,000 after purchasing an additional 516 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Ambarella in the 4th quarter valued at approximately $53,000. Finally, Larson Financial Group LLC lifted its position in Ambarella by 6,014.3% in the 3rd quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company’s stock worth $48,000 after buying an additional 842 shares in the last quarter. Institutional investors and hedge funds 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.