Ambarella, Inc. (NASDAQ:AMBA) Given Average Recommendation of "Moderate Buy" by Analysts

Ambarella, Inc. (NASDAQ:AMBA - Get Free Report) has been given a consensus rating of "Moderate Buy" by the twelve brokerages that are presently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $84.55.

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

Ambarella Stock Up 2.7%

Shares of AMBA opened at $66.18 on Thursday. The company has a 50 day moving average of $56.47 and a two-hundred day moving average of $61.74. Ambarella has a twelve month low of $38.86 and a twelve month high of $85.15. The company has a market cap of $2.81 billion, a price-to-earnings ratio of -26.58 and a beta of 2.05.

Insiders Place Their Bets

In other Ambarella news, Director Christopher B. Paisley sold 1,000 shares of Ambarella 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 completion of the sale, the director directly owned 39,281 shares in the company, valued at approximately $2,458,204.98. The trade was a 2.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 5.30% of the company's stock.

Institutional Trading of Ambarella

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Rhumbline Advisers boosted its holdings in Ambarella by 4.0% in the first quarter. Rhumbline Advisers now owns 58,571 shares of the semiconductor company's stock valued at $2,948,000 after purchasing an additional 2,249 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Ambarella in the 4th quarter valued at about $1,032,000. GAMMA Investing LLC boosted its stake in shares of Ambarella by 6,804.3% in the first quarter. GAMMA Investing LLC now owns 16,156 shares of the semiconductor company's stock worth $813,000 after buying an additional 15,922 shares during the last quarter. Principal Financial Group Inc. purchased a new stake in shares of Ambarella in the fourth quarter worth about $1,159,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in Ambarella by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 325,001 shares of the semiconductor company's stock worth $23,641,000 after acquiring an additional 4,682 shares during the period. 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.

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