Ambarella (NASDAQ:AMBA) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of Ambarella (NASDAQ:AMBA) from a sell rating to a hold rating in a research report sent to investors on Friday.

A number of other equities research analysts have also issued reports on AMBA. Stifel Nicolaus upped their target price on Ambarella from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday. Susquehanna upped their target price on Ambarella from $95.00 to $100.00 and gave the company a “positive” rating in a research note on Wednesday, January 22nd. Morgan Stanley boosted their price target on Ambarella from $73.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Bank of America upgraded Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 price target for the company in a report on Monday, December 16th. Finally, Craig Hallum boosted their price target on Ambarella from $85.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Ambarella has an average rating of “Moderate Buy” and an average target price of $86.67.

Ambarella Stock Performance

AMBA stock opened at $61.43 on Friday. Ambarella has a 1 year low of $39.69 and a 1 year high of $85.15. The stock’s 50 day moving average price is $76.26 and its 200 day moving average price is $64.93. The firm has a market cap of $2.56 billion, a P/E ratio of -15.91 and a beta of 1.66.

Insider Transactions at Ambarella

In related news, COO Chan W. Lee sold 1,000 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $75.90, for a total value of $75,900.00. Following the completion of the sale, the chief operating officer now directly owns 110,918 shares in the company, valued at approximately $8,418,676.20. This represents a 0.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Chi-Hong Ju sold 5,118 shares of the stock in a transaction 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 sale, the vice president now owns 158,686 shares of the company’s stock, valued at approximately $12,014,117.06. This represents a 3.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,861 shares of company stock worth $1,945,436 in the last ninety days. Insiders own 5.70% of the company’s stock.

Institutional Trading of Ambarella

Large investors have recently added to or reduced their stakes in the stock. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Ambarella in the 4th quarter valued at about $452,000. Mackenzie Financial Corp grew its stake in shares of Ambarella by 3.2% during the fourth 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 in the last quarter. Castleark Management LLC acquired a new stake in shares of Ambarella during the fourth quarter valued at about $2,325,000. Woodline Partners LP grew its stake in shares of Ambarella by 2,367.1% during the fourth 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 in the last quarter. Finally, Tidal Investments LLC acquired a new stake in shares of Ambarella during the fourth quarter valued at about $444,000. 82.09% of the stock is currently owned by institutional investors and hedge funds.

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.