Ambarella, Inc. (NASDAQ:AMBA) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Ambarella, Inc. (NASDAQ:AMBA) has received an average rating of “Moderate Buy” from the twelve analysts that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $82.92.

A number of analysts have recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of Ambarella from $73.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Northland Securities reiterated an “outperform” rating and issued a $95.00 price objective (up from $75.00) on shares of Ambarella in a report on Wednesday, November 27th. Roth Mkm reiterated a “neutral” rating and set a $60.00 price objective on shares of Ambarella in a research report on Wednesday, August 28th. StockNews.com downgraded Ambarella from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. Finally, Susquehanna increased their price target on shares of Ambarella from $70.00 to $85.00 and gave the company a “positive” rating in a research report on Wednesday, November 27th.

Insider Buying and Selling

In related news, CFO John Alexander Young sold 2,139 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $53.54, for a total value of $114,522.06. Following the sale, the chief financial officer now directly owns 103,529 shares of the company’s stock, valued at $5,542,942.66. This trade represents a 2.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Christopher Day sold 483 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $53.54, for a total value of $25,859.82. Following the transaction, the vice president now directly owns 21,370 shares of the company’s stock, valued at $1,144,149.80. The trade was a 2.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,474 shares of company stock valued at $1,246,694 over the last three months. 5.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ambarella

Large investors have recently made changes to their positions in the business. Meeder Asset Management Inc. purchased a new stake in Ambarella in the second quarter worth $26,000. Blue Trust Inc. raised its holdings in 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 purchasing an additional 321 shares in the last quarter. CWM LLC raised its holdings in Ambarella by 127.7% in the 2nd quarter. CWM LLC now owns 542 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 304 shares in the last quarter. Signaturefd LLC lifted its position 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 purchasing an additional 526 shares during the period. Finally, Larson Financial Group LLC boosted its stake in shares of Ambarella by 6,014.3% during the 3rd quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company’s stock valued at $48,000 after purchasing an additional 842 shares in the last quarter. 82.09% of the stock is currently owned by institutional investors.

Ambarella Price Performance

Shares of Ambarella stock opened at $72.53 on Friday. Ambarella has a 1 year low of $39.69 and a 1 year high of $81.32. The firm has a market cap of $3.02 billion, a PE ratio of -18.79 and a beta of 1.68. The company has a 50 day simple moving average of $62.53 and a two-hundred day simple moving average of $56.95.

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.