Ambarella (NASDAQ:AMBA) Stock Price Expected to Rise, Susquehanna Analyst Says

Ambarella (NASDAQ:AMBA - Free Report) had its target price increased by Susquehanna from $80.00 to $90.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a positive rating on the semiconductor company's stock.

Other equities analysts have also recently issued reports about the stock. Morgan Stanley dropped their price objective 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. Needham & Company LLC dropped their target price on shares of Ambarella from $110.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, May 30th. Rosenblatt Securities lifted their price objective on shares of Ambarella from $87.00 to $95.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Stifel Nicolaus cut their price target on shares of Ambarella from $100.00 to $80.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Finally, Summit Insights raised shares of Ambarella to a "hold" rating in a report on Thursday, May 29th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $83.64.

Ambarella Stock Down 0.6%

Shares of NASDAQ AMBA traded down $0.39 during midday trading on Tuesday, hitting $67.37. The stock had a trading volume of 144,387 shares, compared to its average volume of 873,892. Ambarella has a 52 week low of $38.86 and a 52 week high of $85.15. The company has a market cap of $2.86 billion, a P/E ratio of -27.10 and a beta of 2.05. The business's 50 day moving average is $61.42 and its 200-day moving average is $61.10.

Insiders Place Their Bets

In related news, Director Christopher B. Paisley sold 1,000 shares of Ambarella stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $62.58, for a total value of $62,580.00. Following the transaction, the director directly owned 39,281 shares in the company, valued at $2,458,204.98. This trade represents a 2.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 5.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ambarella

Several institutional investors have recently made changes to their positions in AMBA. Vanguard Group Inc. lifted its holdings in Ambarella by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 4,848,305 shares of the semiconductor company's stock valued at $244,015,000 after purchasing an additional 152,181 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Ambarella by 7.3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,452,128 shares of the semiconductor company's stock worth $105,628,000 after purchasing an additional 98,841 shares during the period. Millennium Management LLC lifted its stake in Ambarella by 11.5% in the fourth quarter. Millennium Management LLC now owns 1,394,192 shares of the semiconductor company's stock valued at $101,414,000 after buying an additional 144,268 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Ambarella by 88.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,232,272 shares of the semiconductor company's stock valued at $62,020,000 after buying an additional 579,917 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its stake in shares of Ambarella by 25.6% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 910,911 shares of the semiconductor company's stock valued at $45,846,000 after purchasing an additional 185,444 shares in the last quarter. 82.09% of the stock is currently owned by hedge funds and other institutional investors.

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.