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

Shares of Ambarella, Inc. (NASDAQ:AMBA) have earned a consensus rating of “Moderate Buy” from the twelve brokerages that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $85.00.

A number of research firms recently weighed in on AMBA. StockNews.com raised shares of Ambarella from a “sell” rating to a “hold” rating in a research note on Friday, February 28th. Susquehanna upped their price target on shares of Ambarella from $95.00 to $100.00 and gave the stock a “positive” rating in a research report on Wednesday, January 22nd. Stifel Nicolaus cut their price objective on shares of Ambarella from $100.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday. Rosenblatt Securities restated a “buy” rating and set a $100.00 target price on shares of Ambarella in a report on Thursday, February 27th. Finally, Needham & Company LLC increased their target price on Ambarella from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, February 27th.

Insiders Place Their Bets

In other news, Director Christopher B. Paisley sold 500 shares of the business’s stock in a transaction that occurred 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 sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Christopher Day sold 479 shares of the company’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $55.02, for a total value of $26,354.58. Following the transaction, the vice president now owns 15,441 shares in the company, valued at $849,563.82. This trade represents a 3.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,328 shares of company stock valued at $513,467 over the last ninety days. Company insiders own 5.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in AMBA. Skandinaviska Enskilda Banken AB publ lifted its stake in Ambarella by 68.7% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 184 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of Ambarella during the 4th quarter worth $37,000. Sterling Capital Management LLC lifted its position in shares of Ambarella by 629.3% during the 4th quarter. Sterling Capital Management LLC now owns 598 shares of the semiconductor company’s stock worth $43,000 after purchasing an additional 516 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Ambarella during the fourth quarter worth $53,000. Finally, R Squared Ltd purchased a new position in Ambarella in the fourth quarter valued at $68,000. Hedge funds and other institutional investors own 82.09% of the company’s stock.

Ambarella Stock Down 1.1 %

AMBA opened at $43.11 on Friday. The stock’s fifty day moving average is $56.41 and its two-hundred day moving average is $64.13. The company has a market capitalization of $1.83 billion, a P/E ratio of -11.17 and a beta of 1.86. Ambarella has a 52 week low of $38.86 and a 52 week 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.