Ambarella (NASDAQ:AMBA - Get Free Report) had its target price hoisted by analysts at Rosenblatt Securities from $87.00 to $95.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the semiconductor company's stock. Rosenblatt Securities' price target suggests a potential upside of 83.72% from the company's current price.
AMBA has been the topic of a number of other reports. Morgan Stanley dropped their target price on shares of Ambarella from $90.00 to $80.00 and set an "overweight" rating on the stock in a report on Tuesday, May 27th. Needham & Company LLC boosted their target price on shares of Ambarella from $100.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Stifel Nicolaus dropped their target price 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. Finally, Wall Street Zen raised shares of Ambarella from a "sell" rating to a "hold" rating in a research report on Friday, February 28th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $84.55.
Check Out Our Latest Analysis on AMBA
Ambarella Trading Down 16.6%
Shares of NASDAQ AMBA traded down $10.29 during midday trading on Friday, reaching $51.71. The company's stock had a trading volume of 4,453,032 shares, compared to its average volume of 707,168. The company has a 50 day moving average price of $51.29 and a 200 day moving average price of $63.42. Ambarella has a one year low of $38.86 and a one year high of $85.15. The company has a market cap of $2.19 billion, a price-to-earnings ratio of -13.40 and a beta of 1.99.
Insider Activity
In other news, VP Christopher Day sold 479 shares of the business's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $55.02, for a total transaction of $26,354.58. Following the transaction, the vice president now directly owns 15,441 shares in the company, valued at $849,563.82. The trade was a 3.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Feng-Ming Wang sold 3,194 shares of the company's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $55.02, for a total transaction of $175,733.88. Following the completion of the transaction, the chief executive officer now directly owns 798,311 shares in the company, valued at $43,923,071.22. This trade represents a 0.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,328 shares of company stock worth $513,467 in the last 90 days. Company insiders own 5.30% of the company's stock.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ grew its stake in shares of Ambarella by 68.7% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company's stock valued at $32,000 after buying an additional 184 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Ambarella in the fourth quarter valued at approximately $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 worth $43,000 after acquiring an additional 516 shares in the last quarter. Advisors Asset Management Inc. increased its stake in shares of Ambarella by 44.1% during the 1st quarter. Advisors Asset Management Inc. now owns 935 shares of the semiconductor company's stock worth $47,000 after purchasing an additional 286 shares during the last quarter. Finally, Banque Transatlantique SA bought a new position in shares of Ambarella during the 1st quarter valued at $50,000. 82.09% of the stock is owned by institutional investors and hedge funds.
About Ambarella
(
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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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