Brokerages Set Ambarella, Inc. (NASDAQ:AMBA) PT at $86.67

Ambarella, Inc. (NASDAQ:AMBA) has been assigned an average recommendation of “Moderate Buy” from the twelve analysts that are covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $86.67.

Several research firms have issued reports on AMBA. Needham & Company LLC boosted their target price on Ambarella from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Stifel Nicolaus increased their price objective on Ambarella from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. StockNews.com upgraded shares of Ambarella from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. Bank of America upgraded shares of Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 price objective for the company in a research note on Monday, December 16th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $100.00 price objective on shares of Ambarella in a report on Thursday, February 27th.

Ambarella Stock Performance

AMBA stock opened at $50.33 on Tuesday. The stock has a market capitalization of $2.10 billion, a PE ratio of -13.04 and a beta of 1.78. Ambarella has a one year low of $39.69 and a one year high of $85.15. The company has a fifty day moving average of $66.90 and a 200-day moving average of $65.46.

Insiders Place Their Bets

In related news, Director Christopher B. Paisley sold 500 shares of the business’s stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $55.50, for a total value of $27,750.00. Following the completion of the transaction, the director now owns 40,281 shares of the company’s stock, valued at approximately $2,235,595.50. The trade was a 1.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Feng-Ming Wang sold 3,194 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $55.02, for a total transaction of $175,733.88. Following the sale, the chief executive officer now directly owns 798,311 shares in the company, valued at $43,923,071.22. This represents a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,575 shares of company stock valued at $987,007. Corporate insiders own 5.70% of the company’s stock.

Hedge Funds Weigh In On Ambarella

Large investors have recently added to or reduced their stakes in the business. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Ambarella during the 4th quarter valued at $52,770,000. Point72 Asset Management L.P. boosted its holdings in Ambarella by 70.0% in the third quarter. Point72 Asset Management L.P. now owns 862,084 shares of the semiconductor company’s stock valued at $48,626,000 after acquiring an additional 355,078 shares during the last quarter. Invesco Ltd. grew its position in Ambarella by 736.7% during the fourth quarter. Invesco Ltd. now owns 335,730 shares of the semiconductor company’s stock valued at $24,421,000 after acquiring an additional 295,606 shares during the period. Barclays PLC increased its stake in Ambarella by 281.3% during the third quarter. Barclays PLC now owns 388,090 shares of the semiconductor company’s stock worth $21,891,000 after acquiring an additional 286,296 shares during the last quarter. Finally, Woodline Partners LP raised its holdings in shares of Ambarella by 2,367.1% in the 4th quarter. Woodline Partners LP now owns 263,333 shares of the semiconductor company’s stock worth $19,155,000 after purchasing an additional 252,659 shares during the period. 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.