Ambarella, Inc. (NASDAQ:AMBA) Director Sells $27,954.55 in Stock

Ambarella, Inc. (NASDAQ:AMBA) Director Hsiao-Wuen Hon sold 377 shares of Ambarella stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $74.15, for a total value of $27,954.55. Following the completion of the transaction, the director now owns 28,278 shares in the company, valued at approximately $2,096,813.70. This represents a 1.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Ambarella Price Performance

AMBA opened at $69.75 on Thursday. The firm has a fifty day moving average price of $63.49 and a 200 day moving average price of $57.40. The stock has a market cap of $2.91 billion, a P/E ratio of -18.07 and a beta of 1.68. Ambarella, Inc. has a 1 year low of $39.69 and a 1 year high of $81.32.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Azzad Asset Management Inc. ADV increased its position in shares of Ambarella by 2.4% during the second quarter. Azzad Asset Management Inc. ADV now owns 9,983 shares of the semiconductor company’s stock worth $539,000 after acquiring an additional 231 shares during the period. Versor Investments LP increased its position in Ambarella by 5.9% in the 3rd quarter. Versor Investments LP now owns 4,619 shares of the semiconductor company’s stock valued at $261,000 after acquiring an additional 256 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Ambarella by 6.4% during the 3rd 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 last quarter. CWM LLC increased its position in Ambarella by 127.7% during the 2nd quarter. CWM LLC now owns 542 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 304 shares during the period. Finally, Blue Trust Inc. raised its position in Ambarella by 180.3% in the third quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 321 shares in the last quarter. 82.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on AMBA shares. Roth Mkm reissued a “neutral” rating and issued a $60.00 price target on shares of Ambarella in a research note on Wednesday, August 28th. Susquehanna raised their price objective on shares of Ambarella from $70.00 to $85.00 and gave the company a “positive” rating in a research note on Wednesday, November 27th. Stifel Nicolaus increased their price objective on Ambarella from $80.00 to $95.00 and gave the company a “buy” rating in a research 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 research note on Wednesday, November 27th. Finally, Craig Hallum boosted their target price on shares of Ambarella from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $84.17.

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.