Ambarella, Inc. (NASDAQ:AMBA) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Ambarella, Inc. (NASDAQ:AMBA) have been given a consensus rating of “Moderate Buy” by the twelve brokerages that are currently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $86.67.

AMBA has been the topic of a number of analyst reports. Needham & Company LLC upped their target price on shares of Ambarella from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Bank of America raised Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 price objective for the company in a research note on Monday, December 16th. Craig Hallum upped their price target on Ambarella from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. StockNews.com raised shares of Ambarella from a “sell” rating to a “hold” rating in a report on Friday, February 28th. Finally, Susquehanna increased their target price on shares of Ambarella from $95.00 to $100.00 and gave the company a “positive” rating in a report on Wednesday, January 22nd.

Insider Transactions at Ambarella

In other Ambarella news, VP Christopher Day sold 479 shares of the firm’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $55.02, for a total value of $26,354.58. Following the completion of the transaction, the vice president now directly owns 15,441 shares of the company’s stock, valued at $849,563.82. This trade represents a 3.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO John Alexander Young sold 2,103 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $55.02, for a total transaction of $115,707.06. Following the completion of the transaction, the chief financial officer now owns 113,886 shares in the company, valued at approximately $6,266,007.72. This trade represents a 1.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,575 shares of company stock worth $1,069,957. 5.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ambarella

Several institutional investors and hedge funds have recently made changes to their positions in AMBA. Arizona State Retirement System boosted its stake in shares of Ambarella by 1.4% during 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 in the last quarter. Summit Investment Advisors Inc. boosted its position in shares of Ambarella by 4.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,964 shares of the semiconductor company’s stock valued at $288,000 after buying an additional 161 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Ambarella by 68.7% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 184 shares during the last quarter. Pacer Advisors Inc. grew its position in Ambarella by 24.2% in the 4th quarter. Pacer Advisors Inc. now owns 965 shares of the semiconductor company’s stock worth $70,000 after purchasing an additional 188 shares during the period. Finally, Mackenzie Financial Corp grew its holdings in shares of Ambarella by 3.2% in the fourth quarter. Mackenzie Financial Corp now owns 6,406 shares of the semiconductor company’s stock worth $466,000 after acquiring an additional 201 shares during the period. Institutional investors own 82.09% of the company’s stock.

Ambarella Trading Up 2.5 %

NASDAQ:AMBA opened at $55.61 on Tuesday. The firm has a fifty day simple moving average of $69.43 and a two-hundred day simple moving average of $65.44. Ambarella has a 12 month low of $39.69 and a 12 month high of $85.15. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of -14.41 and a beta of 1.78.

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.