Analysts Set Ambarella, Inc. (NASDAQ:AMBA) Target Price at $84.55

Ambarella, Inc. (NASDAQ:AMBA) has been given an average recommendation of “Moderate Buy” by the twelve research firms that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $84.55.

A number of analysts recently issued reports on the company. Rosenblatt Securities boosted their price objective on Ambarella from $87.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, May 30th. Summit Insights upgraded Ambarella to a “hold” rating in a research note on Thursday, May 29th. Stifel Nicolaus decreased their target price on Ambarella from $100.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th. Morgan Stanley decreased their target price on Ambarella from $90.00 to $80.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 27th. Finally, Needham & Company LLC decreased their target price on Ambarella from $110.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, May 30th.

Ambarella Price Performance

Shares of NASDAQ AMBA opened at $67.30 on Thursday. Ambarella has a one year low of $38.86 and a one year high of $85.15. The business’s fifty day moving average price is $57.28 and its 200-day moving average price is $61.57. The stock has a market capitalization of $2.85 billion, a PE ratio of -27.03 and a beta of 2.05.

Insider Transactions at Ambarella

In other Ambarella news, Director Christopher B. Paisley sold 1,000 shares of the stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $62.58, for a total value of $62,580.00. Following the completion of the sale, the director owned 39,281 shares in the company, valued at approximately $2,458,204.98. This trade represents a 2.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.30% of the stock is currently owned by insiders.

Institutional Trading of Ambarella

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Skandinaviska Enskilda Banken AB publ lifted its position in Ambarella by 68.7% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 184 shares during the period. Aster Capital Management DIFC Ltd purchased a new position in Ambarella during the fourth quarter valued at $37,000. Sterling Capital Management LLC lifted its position in Ambarella by 629.3% during the fourth quarter. Sterling Capital Management LLC now owns 598 shares of the semiconductor company’s stock valued at $43,000 after buying an additional 516 shares during the period. Advisors Asset Management Inc. lifted its position in Ambarella by 44.1% during the first quarter. Advisors Asset Management Inc. now owns 935 shares of the semiconductor company’s stock valued at $47,000 after buying an additional 286 shares during the period. Finally, Banque Transatlantique SA purchased a new position in Ambarella during the first quarter valued at $50,000. Hedge funds and other institutional investors own 82.09% of the company’s stock.

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.