Brokerages Set Ambarella, Inc. (NASDAQ:AMBA) PT at $85.42

Shares of Ambarella, Inc. (NASDAQ:AMBA) have been given a consensus recommendation of “Moderate Buy” by the twelve analysts that are covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $85.42.

Several equities research analysts have recently commented on the company. Rosenblatt Securities reaffirmed a “buy” rating and set a $100.00 target price on shares of Ambarella in a report on Friday, December 6th. Craig Hallum lifted their price target on Ambarella from $85.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Susquehanna increased their price objective on Ambarella from $95.00 to $100.00 and gave the stock a “positive” rating in a research note on Wednesday, January 22nd. Morgan Stanley lifted their target price on Ambarella from $73.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Finally, Bank of America raised shares of Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 price target for the company in a research report on Monday, December 16th.

Ambarella Price Performance

Shares of AMBA opened at $75.72 on Monday. Ambarella has a 12-month low of $39.69 and a 12-month high of $85.15. The firm’s 50 day moving average is $75.02 and its 200-day moving average is $62.28. The stock has a market capitalization of $3.16 billion, a P/E ratio of -19.62 and a beta of 1.66.

Insiders Place Their Bets

In related news, VP Chi-Hong Ju sold 5,118 shares of the business’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 transaction, the vice president now directly owns 158,686 shares in the company, valued at $12,014,117.06. The trade was a 3.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Chan W. Lee sold 1,488 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $75.41, for a total value of $112,210.08. Following the completion of the transaction, the chief operating officer now directly owns 119,918 shares of the company’s stock, valued at approximately $9,043,016.38. This trade represents a 1.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,861 shares of company stock valued at $1,945,436 over the last quarter. Insiders own 5.70% of the company’s stock.

Institutional Investors Weigh In On Ambarella

A number of institutional investors have recently added to or reduced their stakes in the stock. Essex Investment Management Co. LLC grew its stake in Ambarella by 6.0% during the fourth quarter. Essex Investment Management Co. LLC now owns 90,522 shares of the semiconductor company’s stock worth $6,585,000 after buying an additional 5,098 shares during the last quarter. OFI Invest Asset Management bought a new stake in Ambarella during the 4th quarter worth approximately $831,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Ambarella during the 4th quarter valued at $220,000. Arizona State Retirement System raised its position in Ambarella by 1.4% in the 4th quarter. Arizona State Retirement System now owns 11,368 shares of the semiconductor company’s stock valued at $827,000 after purchasing an additional 156 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in Ambarella in the fourth quarter worth $1,032,000. 82.09% of the stock is owned by institutional investors and hedge funds.

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.