Ambarella, Inc. (NASDAQ:AMBA) VP Chi-Hong Ju Sells 5,118 Shares of Stock

Ambarella, Inc. (NASDAQ:AMBA) VP Chi-Hong Ju sold 5,118 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $75.71, for a total transaction of $387,483.78. Following the completion of the transaction, the vice president now directly owns 158,686 shares of the company’s stock, valued at approximately $12,014,117.06. This trade represents a 3.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Ambarella Stock Down 3.3 %

Shares of AMBA stock opened at $72.22 on Wednesday. The firm has a market cap of $2.98 billion, a P/E ratio of -18.71 and a beta of 1.68. The business has a 50-day moving average price of $61.57 and a two-hundred day moving average price of $56.52. Ambarella, Inc. has a 12-month low of $39.69 and a 12-month high of $81.32.

Institutional Trading of Ambarella

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Meeder Asset Management Inc. bought a new stake in shares of Ambarella in the 2nd quarter worth approximately $26,000. Blue Trust Inc. increased its stake in Ambarella by 180.3% in the 3rd quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 321 shares during the period. CWM LLC increased its stake in shares of Ambarella by 127.7% in the second quarter. CWM LLC now owns 542 shares of the semiconductor company’s stock worth $29,000 after buying an additional 304 shares during the period. Signaturefd LLC boosted its position in Ambarella by 389.6% during the 3rd quarter. Signaturefd LLC now owns 661 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 526 shares during the period. Finally, Larson Financial Group LLC grew its holdings in Ambarella by 6,014.3% in the 3rd quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company’s stock worth $48,000 after acquiring an additional 842 shares during the last quarter. Hedge funds and other institutional investors own 82.09% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on AMBA. Stifel Nicolaus lifted their price target on Ambarella from $80.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Bank of America lifted their target price on Ambarella from $57.00 to $65.00 and gave the company an “underperform” rating in a report on Wednesday, November 27th. TD Cowen increased their price target on shares of Ambarella from $65.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, August 28th. Rosenblatt Securities reaffirmed a “buy” rating and set a $100.00 price objective on shares of Ambarella in a research note on Friday, December 6th. Finally, Roth Mkm reissued a “neutral” rating and issued a $60.00 price target on shares of Ambarella in a report on Wednesday, August 28th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $82.92.

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.