StockNews.com Begins Coverage on Ambarella (NASDAQ:AMBA)

StockNews.com initiated coverage on shares of Ambarella (NASDAQ:AMBA – Get Rating) in a research note published on Thursday morning. The firm issued a sell rating on the semiconductor company’s stock.

Several other research analysts have also commented on the stock. Wells Fargo & Company raised their price target on shares of Ambarella from $95.00 to $100.00 and gave the company an overweight rating in a report on Wednesday, March 1st. KeyCorp raised their price target on shares of Ambarella from $95.00 to $105.00 and gave the company an overweight rating in a report on Wednesday, March 1st. Rosenblatt Securities restated a buy rating and issued a $100.00 price target on shares of Ambarella in a report on Wednesday, March 1st. Roth Mkm lowered shares of Ambarella from a buy rating to a neutral rating and set a $95.00 price target on the stock. in a report on Wednesday, March 1st. Finally, Imperial Capital lowered shares of Ambarella from an outperform rating to an in-line rating in a report on Wednesday, March 1st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $95.78.

Ambarella Price Performance

Shares of AMBA stock opened at $76.81 on Thursday. The firm has a market cap of $2.98 billion, a P/E ratio of -44.92 and a beta of 1.53. Ambarella has a 1-year low of $49.02 and a 1-year high of $109.17. The firm’s 50-day simple moving average is $87.95 and its 200-day simple moving average is $74.13.

Insiders Place Their Bets

In other Ambarella news, VP Chi-Hong Ju sold 2,000 shares of Ambarella stock in a transaction on Thursday, December 22nd. The shares were sold at an average price of $81.16, for a total value of $162,320.00. Following the completion of the transaction, the vice president now owns 153,689 shares of the company’s stock, valued at $12,473,399.24. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Ambarella news, VP Christopher Day sold 358 shares of the firm’s stock in a transaction on Thursday, March 9th. The stock was sold at an average price of $82.25, for a total value of $29,445.50. Following the sale, the vice president now directly owns 17,096 shares in the company, valued at $1,406,146. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Chi-Hong Ju sold 2,000 shares of the firm’s stock in a transaction on Thursday, December 22nd. The shares were sold at an average price of $81.16, for a total value of $162,320.00. Following the completion of the sale, the vice president now owns 153,689 shares in the company, valued at $12,473,399.24. The disclosure for this sale can be found here. Insiders sold a total of 55,509 shares of company stock valued at $4,286,857 over the last 90 days. 6.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ambarella

A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in Ambarella by 14.9% in the first quarter. BlackRock Inc. now owns 4,028,021 shares of the semiconductor company’s stock valued at $422,620,000 after buying an additional 522,698 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Ambarella by 1.6% during the first quarter. Vanguard Group Inc. now owns 3,515,362 shares of the semiconductor company’s stock valued at $368,832,000 after purchasing an additional 56,927 shares in the last quarter. Macquarie Group Ltd. raised its stake in shares of Ambarella by 12.5% during the fourth quarter. Macquarie Group Ltd. now owns 1,819,525 shares of the semiconductor company’s stock valued at $149,620,000 after purchasing an additional 202,494 shares in the last quarter. William Blair Investment Management LLC bought a new stake in shares of Ambarella during the fourth quarter valued at about $114,119,000. Finally, State Street Corp raised its stake in shares of Ambarella by 8.2% during the third quarter. State Street Corp now owns 1,340,773 shares of the semiconductor company’s stock valued at $75,325,000 after purchasing an additional 102,099 shares in the last quarter. 78.33% of the stock is currently owned by institutional investors.

Ambarella Company Profile

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Ambarella, Inc engages in the development and sale of video compression, image processing, and computer vision solutions. It offers processors and software that cater to end markets including security cameras, automotive cameras, industrial and robotic applications, and consumer applications. The company was founded by Feng Ming Wang and Leslie D.