Stifel Nicolaus Issues Positive Forecast for Ambarella (NASDAQ:AMBA) Stock Price

Ambarella (NASDAQ:AMBA) had its price target hoisted by Stifel Nicolaus from $95.00 to $100.00 in a research report released on Thursday morning,Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

A number of other equities research analysts also recently weighed in on the company. StockNews.com downgraded Ambarella from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. Needham & Company LLC boosted their target price on Ambarella from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday. Morgan Stanley boosted their target price on Ambarella from $73.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Rosenblatt Securities reissued a “buy” rating and issued a $100.00 target price on shares of Ambarella in a report on Thursday. Finally, Craig Hallum boosted their target price on Ambarella from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $86.67.

Ambarella Trading Down 17.0 %

NASDAQ AMBA opened at $62.92 on Thursday. The stock’s 50 day moving average is $76.37 and its two-hundred day moving average is $64.94. The company has a market capitalization of $2.62 billion, a price-to-earnings ratio of -16.30 and a beta of 1.66. Ambarella has a 1-year low of $39.69 and a 1-year high of $85.15.

Insider Buying and Selling

In related news, VP Chi-Hong Ju sold 5,118 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $75.71, for a total value of $387,483.78. Following the completion of the transaction, the vice president now owns 158,686 shares in the company, valued at $12,014,117.06. The trade was a 3.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Feng-Ming Wang sold 4,296 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $75.41, for a total transaction of $323,961.36. Following the completion of the transaction, the chief executive officer now owns 755,231 shares of the company’s stock, valued at $56,951,969.71. This trade represents a 0.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,861 shares of company stock worth $1,945,436 in the last quarter. Insiders own 5.70% of the company’s stock.

Institutional Trading of Ambarella

Several institutional investors and hedge funds have recently made changes to their positions in the business. Mackenzie Financial Corp raised its position in shares of Ambarella by 3.2% during the 4th quarter. Mackenzie Financial Corp now owns 6,406 shares of the semiconductor company’s stock valued at $466,000 after acquiring an additional 201 shares during the last quarter. Castleark Management LLC bought a new stake in shares of Ambarella during the 4th quarter valued at $2,325,000. Woodline Partners LP raised its position in shares of Ambarella by 2,367.1% during the 4th quarter. Woodline Partners LP now owns 263,333 shares of the semiconductor company’s stock valued at $19,155,000 after acquiring an additional 252,659 shares during the last quarter. Tidal Investments LLC bought a new stake in shares of Ambarella during the 4th quarter valued at $444,000. Finally, Sender Co & Partners Inc. raised its position in shares of Ambarella by 49.6% during the 4th quarter. Sender Co & Partners Inc. now owns 12,752 shares of the semiconductor company’s stock valued at $928,000 after acquiring an additional 4,230 shares during the last quarter. 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.