Short Interest in Ambarella, Inc. (NASDAQ:AMBA) Grows By 21.3%

Ambarella, Inc. (NASDAQ:AMBA) saw a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 1,880,000 shares, a growth of 21.3% from the January 31st total of 1,550,000 shares. Based on an average trading volume of 755,400 shares, the short-interest ratio is presently 2.5 days.

Analysts Set New Price Targets

Several research analysts have recently commented on AMBA shares. Northland Securities restated an “outperform” rating and set a $95.00 price target (up from $75.00) on shares of Ambarella in a research report on Wednesday, November 27th. Craig Hallum raised their price target on Ambarella from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Susquehanna raised their price target on Ambarella from $95.00 to $100.00 and gave the stock a “positive” rating in a research report on Wednesday, January 22nd. Morgan Stanley raised their price target on Ambarella from $73.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Finally, Needham & Company LLC raised their price target on Ambarella from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Ambarella currently has an average rating of “Moderate Buy” and an average price target of $86.67.

Ambarella Price Performance

Shares of NASDAQ AMBA opened at $53.07 on Friday. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of -13.75 and a beta of 1.78. The business has a 50-day moving average of $74.17 and a two-hundred day moving average of $65.33. Ambarella has a 1 year low of $39.69 and a 1 year high of $85.15.

Insider Buying and Selling

In related news, CEO Feng-Ming Wang sold 4,296 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $75.41, for a total value of $323,961.36. Following the completion of the transaction, the chief executive officer now directly owns 755,231 shares in the company, valued at approximately $56,951,969.71. This represents a 0.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO John Alexander Young sold 2,136 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $75.41, for a total value of $161,075.76. Following the completion of the transaction, the chief financial officer now owns 101,393 shares of the company’s stock, valued at $7,646,046.13. The trade was a 2.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,583 shares of company stock worth $1,853,918. Company insiders own 5.70% of the company’s stock.

Institutional Trading of Ambarella

A number of institutional investors have recently bought and sold shares of the business. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Ambarella during the 4th quarter worth about $452,000. Mackenzie Financial Corp lifted its holdings in Ambarella by 3.2% during the 4th quarter. Mackenzie Financial Corp now owns 6,406 shares of the semiconductor company’s stock worth $466,000 after buying an additional 201 shares during the last quarter. Castleark Management LLC purchased a new stake in Ambarella during the 4th quarter worth about $2,325,000. Woodline Partners LP lifted its holdings in shares of Ambarella by 2,367.1% in the 4th quarter. Woodline Partners LP now owns 263,333 shares of the semiconductor company’s stock valued at $19,155,000 after purchasing an additional 252,659 shares during the last quarter. Finally, Tidal Investments LLC purchased a new stake in shares of Ambarella in the 4th quarter valued at about $444,000. 82.09% of the stock is owned by hedge funds and other institutional investors.

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.