Ambarella (NASDAQ:AMBA) Stock Rating Upgraded by StockNews.com

by · The Markets Daily

Ambarella (NASDAQ:AMBA – Get Free Report) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday.

A number of other research analysts have also commented on AMBA. Craig Hallum upped their price objective on shares of Ambarella from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Susquehanna upped their price target on Ambarella from $70.00 to $85.00 and gave the company a “positive” rating in a report on Wednesday, November 27th. Needham & Company LLC lifted their price objective on Ambarella from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. TD Cowen boosted their price objective on Ambarella from $65.00 to $75.00 and gave the company a “hold” rating in a research report on Wednesday, August 28th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 target price on shares of Ambarella in a research report on Friday, August 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $81.67.

View Our Latest Report on AMBA

Ambarella Trading Down 1.9 %

NASDAQ:AMBA traded down $1.38 during trading hours on Monday, hitting $70.17. 1,090,397 shares of the company traded hands, compared to its average volume of 601,639. Ambarella has a twelve month low of $39.69 and a twelve month high of $81.32. The firm has a 50-day moving average of $59.60 and a 200 day moving average of $55.59. The stock has a market capitalization of $2.90 billion, a price-to-earnings ratio of -18.18 and a beta of 1.63.

Insider Transactions at Ambarella

In other news, Director Elizabeth M. Schwarting sold 913 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $54.74, for a total value of $49,977.62. Following the transaction, the director now directly owns 8,155 shares of the company’s stock, valued at $446,404.70. The trade was a 10.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Christopher Day sold 2,904 shares of the firm’s stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $58.00, for a total value of $168,432.00. Following the sale, the vice president now directly owns 18,466 shares of the company’s stock, valued at $1,071,028. This represents a 13.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 24,423 shares of company stock valued at $1,356,402. 5.70% of the stock is owned by insiders.

Institutional Trading of Ambarella

Several large investors have recently made changes to their positions in AMBA. State Street Corp lifted its position in Ambarella by 2.6% during the 3rd quarter. State Street Corp now owns 1,924,235 shares of the semiconductor company’s stock worth $108,536,000 after buying an additional 47,856 shares in the last quarter. Millennium Management LLC increased its position in Ambarella by 7.0% in the 2nd quarter. Millennium Management LLC now owns 1,447,466 shares of the semiconductor company’s stock valued at $78,091,000 after acquiring an additional 94,257 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Ambarella by 4.8% in the third quarter. The Manufacturers Life Insurance Company now owns 1,353,287 shares of the semiconductor company’s stock worth $76,332,000 after acquiring an additional 61,387 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Ambarella by 1.6% during the third quarter. Geode Capital Management LLC now owns 916,757 shares of the semiconductor company’s stock worth $51,719,000 after purchasing an additional 14,568 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its stake in shares of Ambarella by 70.0% during the third quarter. Point72 Asset Management L.P. now owns 862,084 shares of the semiconductor company’s stock valued at $48,626,000 after purchasing an additional 355,078 shares during the last quarter. Institutional investors own 82.09% of the company’s stock.

About Ambarella

(Get Free Report)

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.

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