Ambarella (NASDAQ:AMBA) Stock Price Expected to Rise, Susquehanna Analyst Says

Ambarella (NASDAQ:AMBA) had its target price upped by Susquehanna from $95.00 to $100.00 in a research report released on Wednesday,Benzinga reports. Susquehanna currently has a positive rating on the semiconductor company’s stock.

Several other analysts also recently issued reports on the stock. Craig Hallum upped their price target on shares of Ambarella from $85.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $100.00 target price on shares of Ambarella in a research note on Friday, December 6th. Morgan Stanley raised their price target on Ambarella from $73.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. StockNews.com downgraded Ambarella from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. Finally, Needham & Company LLC lifted their price objective on Ambarella from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $85.42.

Ambarella Stock Performance

Ambarella stock opened at $81.56 on Wednesday. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of -21.13 and a beta of 1.66. Ambarella has a fifty-two week low of $39.69 and a fifty-two week high of $85.15. The stock’s fifty day moving average is $71.42 and its two-hundred day moving average is $60.68.

Insider Transactions at Ambarella

In other Ambarella news, VP Chi-Hong Ju sold 5,118 shares of the company’s stock in a transaction dated 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 directly owns 158,686 shares in the company, valued at $12,014,117.06. This represents a 3.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Chan W. Lee sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $75.90, for a total value of $75,900.00. Following the completion of the transaction, the chief operating officer now owns 110,918 shares in the company, valued at approximately $8,418,676.20. This trade represents a 0.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,861 shares of company stock worth $1,945,436 in the last ninety days. Insiders own 5.70% of the company’s stock.

Institutional Investors Weigh In On Ambarella

Several large investors have recently made changes to their positions in the business. Pacer Advisors Inc. lifted its holdings in shares of Ambarella by 24.2% during the 4th quarter. Pacer Advisors Inc. now owns 965 shares of the semiconductor company’s stock valued at $70,000 after acquiring an additional 188 shares in the last quarter. Versor Investments LP lifted its stake in shares of Ambarella by 5.9% during the third quarter. Versor Investments LP now owns 4,619 shares of the semiconductor company’s stock worth $261,000 after purchasing an additional 256 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Ambarella by 6.4% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,767 shares of the semiconductor company’s stock worth $269,000 after buying an additional 285 shares during the period. Blue Trust Inc. grew its stake 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 buying an additional 321 shares in the last quarter. Finally, KBC Group NV raised its holdings in shares of Ambarella by 1.3% during the 3rd quarter. KBC Group NV now owns 41,835 shares of the semiconductor company’s stock valued at $2,360,000 after buying an additional 525 shares during the period. 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.