Elizabeth M. Schwarting Sells 253 Shares of Ambarella, Inc. (NASDAQ:AMBA) Stock

Ambarella, Inc. (NASDAQ:AMBA) Director Elizabeth M. Schwarting sold 253 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $71.55, for a total transaction of $18,102.15. Following the completion of the sale, the director now owns 7,902 shares in the company, valued at $565,388.10. This represents a 3.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Ambarella Trading Up 3.3 %

AMBA opened at $70.93 on Friday. Ambarella, Inc. has a 12-month low of $39.69 and a 12-month high of $81.32. The firm has a 50 day moving average of $63.91 and a two-hundred day moving average of $57.59. The firm has a market capitalization of $2.96 billion, a PE ratio of -18.38 and a beta of 1.68.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in AMBA. Azzad Asset Management Inc. ADV boosted its holdings in Ambarella by 2.4% in the second quarter. Azzad Asset Management Inc. ADV now owns 9,983 shares of the semiconductor company’s stock valued at $539,000 after purchasing an additional 231 shares during the last quarter. Versor Investments LP lifted its holdings in shares of 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 buying an additional 256 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake 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 last quarter. CWM LLC grew its holdings in Ambarella by 127.7% during the second quarter. CWM LLC now owns 542 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 304 shares during the period. Finally, Blue Trust Inc. raised its position in Ambarella by 180.3% during the third quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 321 shares in the last quarter. Hedge funds and other institutional investors own 82.09% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on AMBA shares. Rosenblatt Securities reissued a “buy” rating and set a $100.00 target price on shares of Ambarella in a research report on Friday, December 6th. Craig Hallum raised their price objective on Ambarella from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Needham & Company LLC boosted their target price on Ambarella from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Bank of America upgraded Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 price target for the company in a research note on Monday, December 16th. Finally, Westpark Capital restated a “buy” rating and set a $85.00 price target on shares of Ambarella in a research note on Monday, August 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $84.17.

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.