Ambarella, Inc. (NASDAQ:AMBA) Sees Significant Increase in Short Interest

Ambarella, Inc. (NASDAQ:AMBA) was the target of a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 1,540,000 shares, an increase of 7.7% from the November 15th total of 1,430,000 shares. Based on an average daily volume of 548,300 shares, the short-interest ratio is presently 2.8 days.

Analysts Set New Price Targets

A number of research firms have issued reports on AMBA. Needham & Company LLC upped their price target on shares of Ambarella from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Roth Mkm restated a “neutral” rating and set a $60.00 target price on shares of Ambarella in a research note on Wednesday, August 28th. Susquehanna lifted their price target on Ambarella from $70.00 to $85.00 and gave the stock a “positive” rating in a research report on Wednesday, November 27th. Westpark Capital reissued a “buy” rating and issued a $85.00 price objective on shares of Ambarella in a research report on Monday, August 26th. Finally, Stifel Nicolaus boosted their target price on shares of Ambarella from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. One equities 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $84.17.

Ambarella Price Performance

AMBA opened at $76.22 on Tuesday. The company has a market capitalization of $3.18 billion, a P/E ratio of -19.75 and a beta of 1.68. The firm’s fifty day moving average price is $62.53 and its two-hundred day moving average price is $57.01. Ambarella has a fifty-two week low of $39.69 and a fifty-two week high of $81.32.

Insider Activity at Ambarella

In other news, VP Christopher Day sold 2,904 shares of Ambarella stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $58.00, for a total value of $168,432.00. Following the transaction, the vice president now owns 18,466 shares of the company’s stock, valued at $1,071,028. This trade represents a 13.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Chi-Hong Ju sold 5,118 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $75.71, for a total transaction of $387,483.78. Following the completion of the sale, the vice president now owns 158,686 shares of the company’s stock, valued at $12,014,117.06. The trade was a 3.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,590 shares of company stock valued at $725,366. Insiders own 5.70% of the company’s stock.

Institutional Trading of Ambarella

Institutional investors have recently made changes to their positions in the business. Meeder Asset Management Inc. acquired a new stake in Ambarella during the second quarter valued at approximately $26,000. Blue Trust Inc. boosted its stake in Ambarella by 180.3% in the 3rd quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 321 shares in the last quarter. CWM LLC raised its stake in Ambarella by 127.7% during the second quarter. CWM LLC now owns 542 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 304 shares in the last quarter. Signaturefd LLC raised its stake in Ambarella by 389.6% during the third quarter. Signaturefd LLC now owns 661 shares of the semiconductor company’s stock worth $37,000 after acquiring an additional 526 shares in the last quarter. Finally, Larson Financial Group LLC lifted its holdings in shares of Ambarella by 6,014.3% during the third quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company’s stock valued at $48,000 after acquiring an additional 842 shares during the period. 82.09% of the stock is currently owned by institutional investors and hedge funds.

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.