Chan W. Lee Sells 1,000 Shares of Ambarella, Inc. (NASDAQ:AMBA) Stock

Ambarella, Inc. (NASDAQ:AMBA) COO Chan W. Lee sold 1,000 shares of Ambarella stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $75.90, for a total value of $75,900.00. Following the sale, the chief operating officer now directly owns 110,918 shares of the company’s stock, valued at approximately $8,418,676.20. The trade was a 0.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Ambarella Stock Up 3.3 %

Shares of AMBA opened at $80.79 on Friday. Ambarella, Inc. has a 12-month low of $39.69 and a 12-month high of $81.32. The firm has a market capitalization of $3.37 billion, a price-to-earnings ratio of -20.93 and a beta of 1.66. The stock’s 50-day moving average price is $70.58 and its 200 day moving average price is $60.32.

Hedge Funds Weigh In On Ambarella

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. increased its stake in Ambarella by 180.3% during the third quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 321 shares during the period. Signaturefd LLC increased its stake in Ambarella by 389.6% during the third quarter. Signaturefd LLC now owns 661 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 526 shares during the period. Larson Financial Group LLC increased its stake in Ambarella by 6,014.3% during the third quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company’s stock valued at $48,000 after acquiring an additional 842 shares during the period. Truvestments Capital LLC bought a new position in Ambarella during the third quarter valued at about $69,000. Finally, CWM LLC increased its stake in Ambarella by 173.6% during the third quarter. CWM LLC now owns 1,483 shares of the semiconductor company’s stock valued at $84,000 after acquiring an additional 941 shares during the period. 82.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on AMBA shares. Morgan Stanley boosted 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. StockNews.com cut Ambarella from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. Northland Securities reaffirmed an “outperform” rating and issued a $95.00 price target (up previously from $75.00) on shares of Ambarella in a research report on Wednesday, November 27th. Bank of America raised Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 price target for the company in a research report on Monday, December 16th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $100.00 price target on shares of Ambarella in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Ambarella currently has a consensus rating of “Moderate Buy” and an average target price of $84.17.

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.