Ambarella, Inc. (NASDAQ:AMBA) Director Sells $27,750.00 in Stock

Ambarella, Inc. (NASDAQ:AMBA) Director Christopher B. Paisley sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $55.50, for a total value of $27,750.00. Following the completion of the sale, the director now owns 40,281 shares of the company’s stock, valued at approximately $2,235,595.50. This trade represents a 1.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Ambarella Stock Performance

Shares of Ambarella stock opened at $50.61 on Friday. Ambarella, Inc. has a twelve month low of $39.69 and a twelve month high of $85.15. The firm has a market cap of $2.11 billion, a P/E ratio of -13.11 and a beta of 1.78. The firm’s 50-day simple moving average is $67.51 and its 200-day simple moving average is $65.29.

Analysts Set New Price Targets

Several research firms recently issued reports on AMBA. Needham & Company LLC upped their price objective on shares of Ambarella from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Susquehanna upped their price target on shares of Ambarella from $95.00 to $100.00 and gave the company a “positive” rating in a report on Wednesday, January 22nd. Bank of America upgraded Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 price objective on the stock in a research note on Monday, December 16th. Rosenblatt Securities restated a “buy” rating and set a $100.00 target price on shares of Ambarella in a research note on Thursday, February 27th. Finally, StockNews.com raised Ambarella from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $86.67.

Hedge Funds Weigh In On Ambarella

A number of hedge funds have recently modified their holdings of AMBA. Intech Investment Management LLC bought a new stake in Ambarella in the third quarter valued at $722,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Ambarella by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 320,319 shares of the semiconductor company’s stock worth $18,068,000 after purchasing an additional 3,700 shares during the last quarter. Larson Financial Group LLC increased its position in shares of Ambarella by 6,014.3% during the 3rd quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company’s stock worth $48,000 after purchasing an additional 842 shares in the last quarter. Dynamic Technology Lab Private Ltd lifted its holdings in Ambarella by 592.2% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 25,883 shares of the semiconductor company’s stock valued at $1,460,000 after purchasing an additional 22,144 shares during the last quarter. Finally, Truvestments Capital LLC acquired a new position in Ambarella in the third quarter valued at about $69,000. 82.09% of the stock is owned by institutional investors and hedge funds.

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.