Ambarella (NASDAQ:AMBA) Price Target Raised to $100.00 at Susquehanna

Ambarella (NASDAQ:AMBA) had its target price hoisted by investment analysts at Susquehanna from $95.00 to $100.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “positive” rating on the semiconductor company’s stock. Susquehanna’s price target points to a potential upside of 21.98% from the stock’s previous close.

A number of other equities research analysts have also commented on the stock. StockNews.com lowered shares of Ambarella from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. Bank of America upgraded shares of Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 target price for the company in a research note on Monday, December 16th. Northland Securities reaffirmed an “outperform” rating and set a $95.00 target price (up from $75.00) on shares of Ambarella in a research report on Wednesday, November 27th. Stifel Nicolaus boosted their target price on Ambarella from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, Craig Hallum lifted their price target on Ambarella from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. 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 company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $85.42.

Ambarella Price Performance

AMBA stock traded down $0.67 during trading on Wednesday, reaching $81.98. 196,566 shares of the company were exchanged, compared to its average volume of 740,198. The company has a 50-day moving average of $70.96 and a two-hundred day moving average of $60.51. The company has a market capitalization of $3.42 billion, a price-to-earnings ratio of -21.24 and a beta of 1.66. Ambarella has a twelve month low of $39.69 and a twelve month high of $85.15.

Insider Buying and Selling

In related news, COO Chan W. Lee sold 1,000 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $79.15, for a total value of $79,150.00. Following the completion of the transaction, the chief operating officer now owns 116,918 shares in the company, valued at $9,254,059.70. This trade represents a 0.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Chi-Hong Ju sold 5,118 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $75.71, for a total value of $387,483.78. Following the sale, the vice president now owns 158,686 shares of the company’s stock, valued at $12,014,117.06. The trade was a 3.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,861 shares of company stock valued at $1,945,436. Corporate insiders own 5.70% of the company’s stock.

Institutional Trading of Ambarella

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. grew its holdings in shares of Ambarella by 3.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 54,743 shares of the semiconductor company’s stock worth $2,953,000 after purchasing an additional 2,024 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Ambarella by 0.4% during the second quarter. Dimensional Fund Advisors LP now owns 683,119 shares of the semiconductor company’s stock worth $36,854,000 after purchasing an additional 2,994 shares during the period. Hsbc Holdings PLC boosted its position in shares of Ambarella by 31.2% during the second quarter. Hsbc Holdings PLC now owns 27,830 shares of the semiconductor company’s stock worth $1,483,000 after purchasing an additional 6,621 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Ambarella during the second quarter worth about $3,809,000. Finally, Sei Investments Co. boosted its stake in Ambarella by 330.7% in the 2nd quarter. Sei Investments Co. now owns 48,463 shares of the semiconductor company’s stock worth $2,615,000 after purchasing an additional 37,211 shares during the period. Institutional investors and hedge funds own 82.09% of the company’s stock.

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.