Ambarella, Inc. (NASDAQ:AMBA) Director Sells $110,700.00 in Stock

Ambarella, Inc. (NASDAQ:AMBA) Director Christopher B. Paisley sold 1,500 shares of the stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $73.80, for a total value of $110,700.00. Following the sale, the director now owns 40,781 shares in the company, valued at $3,009,637.80. The trade was a 3.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Ambarella Stock Down 2.1 %

Shares of AMBA stock opened at $73.51 on Friday. Ambarella, Inc. has a fifty-two week low of $39.69 and a fifty-two week high of $81.32. The stock has a market capitalization of $3.07 billion, a P/E ratio of -19.04 and a beta of 1.68. The stock has a 50-day simple moving average of $65.49 and a 200 day simple moving average of $58.16.

Wall Street Analysts Forecast Growth

AMBA has been the topic of several analyst reports. Craig Hallum increased their target price on Ambarella from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Stifel Nicolaus lifted their price objective on shares of Ambarella from $80.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Morgan Stanley boosted their target price on shares of Ambarella from $73.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Bank of America upgraded shares of Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 price target on the stock in a research note on Monday, December 16th. Finally, Susquehanna boosted their price objective on Ambarella from $70.00 to $85.00 and gave the stock a “positive” rating in a research report on Wednesday, November 27th. 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $84.17.

Hedge Funds Weigh In On Ambarella

Hedge funds have recently made changes to their positions in the business. Azzad Asset Management Inc. ADV boosted its holdings in Ambarella by 2.4% during the second quarter. Azzad Asset Management Inc. ADV now owns 9,983 shares of the semiconductor company’s stock worth $539,000 after buying an additional 231 shares in the last quarter. Versor Investments LP lifted its position in shares of Ambarella by 5.9% during the 3rd quarter. Versor Investments LP now owns 4,619 shares of the semiconductor company’s stock valued at $261,000 after acquiring an additional 256 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Ambarella by 6.4% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,767 shares of the semiconductor company’s stock worth $269,000 after acquiring an additional 285 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Ambarella by 180.3% in the 3rd quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 321 shares during the last quarter. Finally, Arizona State Retirement System raised its position in shares of Ambarella by 3.7% during the second quarter. Arizona State Retirement System now owns 10,893 shares of the semiconductor company’s stock worth $588,000 after purchasing an additional 385 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.