Rosenblatt Securities Reiterates Buy Rating for Ambarella (NASDAQ:AMBA)

Ambarella (NASDAQ:AMBA)‘s stock had its “buy” rating reissued by stock analysts at Rosenblatt Securities in a research note issued to investors on Thursday,Benzinga reports. They currently have a $100.00 price target on the semiconductor company’s stock. Rosenblatt Securities’ target price points to a potential upside of 31.91% from the stock’s current price.

AMBA has been the topic of several other reports. Craig Hallum lifted their target price on Ambarella from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Northland Securities reiterated an “outperform” rating and set a $95.00 target price (up from $75.00) on shares of Ambarella in a report on Wednesday, November 27th. Needham & Company LLC lifted their target price on Ambarella from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday. Stifel Nicolaus boosted their price target on Ambarella from $80.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, Morgan Stanley boosted their price target on Ambarella from $73.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $86.25.

Ambarella Trading Up 3.0 %

AMBA stock opened at $75.81 on Thursday. The business’s 50-day moving average price is $76.37 and its two-hundred day moving average price is $64.94. The firm has a market cap of $3.16 billion, a PE ratio of -19.64 and a beta of 1.66. Ambarella has a 1-year low of $39.69 and a 1-year high of $85.15.

Insider Activity at Ambarella

In other Ambarella news, CTO Leslie Kohn sold 1,757 shares of the business’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 $132,495.37. Following the transaction, the chief technology officer now owns 959,676 shares of the company’s stock, valued at $72,369,167.16. The trade was a 0.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Chan W. Lee sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $75.90, for a total value of $75,900.00. Following the transaction, the chief operating officer now directly owns 110,918 shares in the company, valued at approximately $8,418,676.20. This trade represents a 0.89 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,861 shares of company stock valued at $1,945,436. 5.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Ambarella

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