Ambarella, Inc. (NASDAQ:AMBA) Receives $84.55 Consensus Target Price from Brokerages

Ambarella, Inc. (NASDAQ:AMBA) has earned a consensus rating of “Moderate Buy” from the twelve analysts that are currently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $84.55.

Several equities research analysts have recently weighed in on AMBA shares. Needham & Company LLC dropped their target price on shares of Ambarella from $110.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, May 30th. Morgan Stanley dropped their price target on Ambarella from $90.00 to $80.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 27th. Wall Street Zen raised Ambarella from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. Stifel Nicolaus cut their target price on shares of Ambarella from $100.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. Finally, Summit Insights raised shares of Ambarella to a “hold” rating in a report on Thursday, May 29th.

Insiders Place Their Bets

In other Ambarella news, CTO Leslie Kohn sold 1,584 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $55.02, for a total transaction of $87,151.68. Following the completion of the transaction, the chief technology officer now directly owns 981,392 shares of the company’s stock, valued at approximately $53,996,187.84. This trade represents a 0.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Christopher B. Paisley sold 500 shares of the stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $55.50, for a total value of $27,750.00. Following the transaction, the director now directly 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,328 shares of company stock worth $513,467. 5.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Ambarella

Hedge funds have recently made changes to their positions in the business. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Ambarella by 5.0% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,003 shares of the semiconductor company’s stock worth $364,000 after purchasing an additional 236 shares during the period. Empowered Funds LLC acquired a new position in shares of Ambarella in the 4th quarter valued at $370,000. Stephens Investment Management Group LLC boosted its position in shares of Ambarella by 0.5% in the 4th quarter. Stephens Investment Management Group LLC now owns 503,468 shares of the semiconductor company’s stock valued at $36,622,000 after purchasing an additional 2,432 shares during the period. Stephens Inc. AR acquired a new position in shares of Ambarella in the 4th quarter valued at $255,000. Finally, Van ECK Associates Corp boosted its position in shares of Ambarella by 118.1% in the 4th quarter. Van ECK Associates Corp now owns 9,951 shares of the semiconductor company’s stock valued at $724,000 after purchasing an additional 5,388 shares during the period. Institutional investors and hedge funds own 82.09% of the company’s stock.

Ambarella Stock Performance

AMBA opened at $53.18 on Friday. The company has a 50-day moving average of $52.17 and a 200-day moving average of $62.97. The company has a market capitalization of $2.26 billion, a P/E ratio of -13.78 and a beta of 1.99. Ambarella has a 1-year low of $38.86 and a 1-year high of $85.15.

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.