Ambarella, Inc. (NASDAQ:AMBA) Receives $84.55 Consensus Target Price from Analysts

Shares of Ambarella, Inc. (NASDAQ:AMBA - Get Free Report) have received an average recommendation of "Moderate Buy" from the twelve ratings firms that are presently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $84.55.

Several research firms recently weighed in on AMBA. Summit Insights raised Ambarella to a "hold" rating in a research note on Thursday, May 29th. Stifel Nicolaus dropped their price objective on Ambarella from $100.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Needham & Company LLC lowered their target price on Ambarella from $110.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Morgan Stanley lowered their target price on Ambarella from $90.00 to $80.00 and set an "overweight" rating on the stock in a report on Tuesday, May 27th. Finally, Rosenblatt Securities increased their target price on Ambarella from $87.00 to $95.00 and gave the company a "buy" rating in a report on Friday, May 30th.

Ambarella Price Performance

Shares of AMBA stock traded up $1.12 during trading hours on Thursday, reaching $67.30. 512,300 shares of the company's stock were exchanged, compared to its average volume of 765,806. The company has a market cap of $2.85 billion, a P/E ratio of -27.03 and a beta of 2.05. The company's 50 day moving average is $57.28 and its two-hundred day moving average is $61.53. Ambarella has a 1 year low of $38.86 and a 1 year high of $85.15.

Insiders Place Their Bets

In other news, Director Christopher B. Paisley sold 1,000 shares of the stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $62.58, for a total transaction of $62,580.00. Following the sale, the director directly owned 39,281 shares of the company's stock, valued at $2,458,204.98. This represents a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 5.30% of the company's stock.

Institutional Investors Weigh In On Ambarella

Several hedge funds have recently bought and sold shares of AMBA. Skandinaviska Enskilda Banken AB publ grew its position in Ambarella by 68.7% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company's stock valued at $32,000 after purchasing an additional 184 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in Ambarella in the fourth quarter valued at $37,000. Sterling Capital Management LLC grew its position in Ambarella by 629.3% in 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. bought a new position in Ambarella in the fourth quarter valued at $53,000. Finally, Johnson Financial Group Inc. bought a new position in Ambarella in the fourth quarter valued at $71,000. 82.09% of the stock is currently owned by institutional investors and hedge funds.

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.