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

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

A number of brokerages have issued reports on AMBA. Stifel Nicolaus reduced their price target on shares of Ambarella from $100.00 to $80.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Summit Insights raised Ambarella to a "hold" rating in a report on Thursday, May 29th. 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. Wall Street Zen raised Ambarella from a "sell" rating to a "hold" rating in a report on Friday, February 28th. Finally, Needham & Company LLC cut their target price on shares of Ambarella from $110.00 to $90.00 and set a "buy" rating for the company in a report on Friday, May 30th.

Insiders Place Their Bets

In other news, COO Chan W. Lee sold 1,468 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $55.02, for a total transaction of $80,769.36. Following the transaction, the chief operating officer now owns 130,297 shares of the company's stock, valued at approximately $7,168,940.94. This represents a 1.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Christopher Day sold 479 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $55.02, for a total value of $26,354.58. Following the sale, the vice president now directly owns 15,441 shares of the company's stock, valued at $849,563.82. This represents a 3.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,328 shares of company stock valued at $513,467 over the last three months. 5.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ambarella

Several hedge funds have recently bought and sold shares of the business. Arizona State Retirement System grew its stake in Ambarella by 1.4% in the 4th 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 shares of Ambarella by 4.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,964 shares of the semiconductor company's stock valued at $288,000 after purchasing an additional 161 shares during the period. Skandinaviska Enskilda Banken AB publ grew its stake 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 purchasing an additional 184 shares in the last quarter. Mackenzie Financial Corp increased its holdings in Ambarella by 3.2% during the 4th quarter. Mackenzie Financial Corp now owns 6,406 shares of the semiconductor company's stock worth $466,000 after purchasing an additional 201 shares during the period. Finally, Manchester Capital Management LLC raised its position in Ambarella by 21.8% during the 4th quarter. Manchester Capital Management LLC now owns 1,175 shares of the semiconductor company's stock valued at $85,000 after purchasing an additional 210 shares in the last quarter. Institutional investors own 82.09% of the company's stock.

Ambarella Price Performance

AMBA opened at $53.59 on Friday. The company has a 50 day simple moving average of $51.45 and a two-hundred day simple moving average of $63.24. The firm has a market cap of $2.27 billion, a P/E ratio of -13.88 and a beta of 1.99. Ambarella has a 1-year low of $38.86 and a 1-year high of $85.15.

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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