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

Ambarella, Inc. (NASDAQ:AMBA - Get Free Report) has received a consensus rating of "Moderate Buy" from the twelve brokerages that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $85.00.

A number of research firms have weighed in on AMBA. Rosenblatt Securities reiterated a "buy" rating and issued a $100.00 target price on shares of Ambarella in a research note on Thursday, February 27th. StockNews.com upgraded Ambarella from a "sell" rating to a "hold" rating in a research note on Friday, February 28th. Stifel Nicolaus cut their price target on Ambarella from $100.00 to $80.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Susquehanna raised their price target on Ambarella from $95.00 to $100.00 and gave the company a "positive" rating in a research note on Wednesday, January 22nd. Finally, Needham & Company LLC raised their price target on Ambarella from $100.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, February 27th.

Ambarella Stock Up 3.6%

AMBA stock opened at $60.66 on Wednesday. The business's fifty day simple moving average is $48.97 and its two-hundred day simple moving average is $63.20. Ambarella has a twelve month low of $38.86 and a twelve month high of $85.15. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of -15.71 and a beta of 1.99.

Insider Buying and Selling at Ambarella

In other Ambarella news, VP Christopher Day sold 479 shares of the firm's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $55.02, for a total value of $26,354.58. Following the completion of the sale, the vice president now owns 15,441 shares of the company's stock, valued at approximately $849,563.82. This trade represents a 3.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christopher B. Paisley sold 500 shares of the firm's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $55.50, for a total value of $27,750.00. Following the completion of the sale, the director now directly owns 40,281 shares of the company's stock, valued at approximately $2,235,595.50. This represents a 1.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,328 shares of company stock worth $513,467 over the last quarter. Insiders own 5.30% of the company's stock.

Institutional Investors Weigh In On Ambarella

Several institutional investors have recently added to or reduced their stakes in the business. Arizona State Retirement System boosted its holdings in Ambarella by 1.4% in the fourth quarter. Arizona State Retirement System now owns 11,368 shares of the semiconductor company's stock worth $827,000 after acquiring an additional 156 shares in the last quarter. Summit Investment Advisors Inc. boosted its holdings in Ambarella by 4.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,964 shares of the semiconductor company's stock worth $288,000 after acquiring an additional 161 shares in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its holdings in Ambarella by 68.7% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company's stock worth $32,000 after acquiring an additional 184 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in Ambarella by 24.2% in the fourth quarter. Pacer Advisors Inc. now owns 965 shares of the semiconductor company's stock worth $70,000 after acquiring an additional 188 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in Ambarella by 3.2% in the fourth quarter. Mackenzie Financial Corp now owns 6,406 shares of the semiconductor company's stock worth $466,000 after acquiring an additional 201 shares in the last quarter. Institutional investors and hedge funds own 82.09% of the company's stock.

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.

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