Needham & Company LLC Increases Ambarella (NASDAQ:AMBA) Price Target to $110.00

Ambarella (NASDAQ:AMBA) had its price objective hoisted by Needham & Company LLC from $100.00 to $110.00 in a report published on Thursday,Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

A number of other research analysts have also recently weighed in on AMBA. Northland Securities reiterated an “outperform” rating and issued a $95.00 target price (up from $75.00) on shares of Ambarella in a research note on Wednesday, November 27th. Rosenblatt Securities reiterated a “buy” rating and issued a $100.00 target price on shares of Ambarella in a research note on Friday, December 6th. StockNews.com cut shares of Ambarella from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. Morgan Stanley boosted their target price on shares of Ambarella from $73.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Finally, Susquehanna boosted their target price on shares of Ambarella from $95.00 to $100.00 and gave the company a “positive” rating in a research note on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Ambarella presently has an average rating of “Moderate Buy” and an average price target of $86.67.

Ambarella Stock Performance

Ambarella stock opened at $62.92 on Thursday. Ambarella has a fifty-two week low of $39.69 and a fifty-two week high of $85.15. The stock has a market cap of $2.62 billion, a PE ratio of -16.30 and a beta of 1.66. The firm’s 50-day simple moving average is $76.37 and its 200 day simple moving average is $64.94.

Insider Activity

In related news, CTO Leslie Kohn sold 1,757 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $75.41, for a total transaction of $132,495.37. Following the sale, the chief technology officer now owns 959,676 shares of the company’s stock, valued at approximately $72,369,167.16. This represents a 0.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Chan W. Lee sold 1,488 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $75.41, for a total transaction of $112,210.08. Following the sale, the chief operating officer now directly owns 119,918 shares in the company, valued at $9,043,016.38. This trade represents a 1.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,861 shares of company stock valued at $1,945,436 over the last quarter. Company insiders own 5.70% of the company’s stock.

Institutional Trading of Ambarella

A number of hedge funds and other institutional investors have recently bought and sold shares of AMBA. Creative Planning increased its holdings in Ambarella by 144.0% during the 3rd quarter. Creative Planning now owns 14,719 shares of the semiconductor company’s stock worth $830,000 after acquiring an additional 8,687 shares during the period. Blue Trust Inc. increased its holdings in shares of Ambarella by 180.3% in the 3rd quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company’s stock worth $27,000 after buying an additional 321 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Ambarella by 389.6% in the 3rd quarter. Signaturefd LLC now owns 661 shares of the semiconductor company’s stock worth $37,000 after buying an additional 526 shares during the last quarter. SteelPeak Wealth LLC increased its holdings in shares of Ambarella by 45.5% in the 3rd quarter. SteelPeak Wealth LLC now owns 12,204 shares of the semiconductor company’s stock worth $688,000 after buying an additional 3,819 shares during the last quarter. Finally, Stephens Investment Management Group LLC increased its holdings in shares of Ambarella by 20.1% in the 3rd quarter. Stephens Investment Management Group LLC now owns 501,036 shares of the semiconductor company’s stock worth $28,261,000 after buying an additional 83,752 shares during the last quarter. Institutional investors 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.