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 directly owns 40,781 shares in the company, valued at $3,009,637.80. This represents a 3.55 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Ambarella Trading Down 2.1 %

NASDAQ AMBA opened at $73.51 on Friday. The firm has a market capitalization of $3.07 billion, a PE ratio of -19.04 and a beta of 1.68. The business’s 50-day moving average price is $65.49 and its two-hundred day moving average price is $58.17. Ambarella, Inc. has a 12 month low of $39.69 and a 12 month high of $81.32.

Institutional Trading of Ambarella

Institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its position in shares of Ambarella by 12.2% during the second quarter. Bank of New York Mellon Corp now owns 205,233 shares of the semiconductor company’s stock worth $11,072,000 after buying an additional 22,276 shares during the period. Azzad Asset Management Inc. ADV grew its holdings in Ambarella by 2.4% during the 2nd quarter. Azzad Asset Management Inc. ADV now owns 9,983 shares of the semiconductor company’s stock worth $539,000 after acquiring an additional 231 shares during the period. Van ECK Associates Corp raised its position in shares of Ambarella by 62.1% in the 2nd quarter. Van ECK Associates Corp now owns 1,441 shares of the semiconductor company’s stock worth $78,000 after acquiring an additional 552 shares in the last quarter. Natixis Advisors LLC lifted its stake in shares of Ambarella by 8.7% in the 2nd quarter. Natixis Advisors LLC now owns 28,428 shares of the semiconductor company’s stock valued at $1,534,000 after purchasing an additional 2,268 shares during the period. Finally, Versor Investments LP acquired a new position in shares of Ambarella in the 2nd quarter valued at about $235,000. 82.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AMBA has been the subject of several analyst reports. Needham & Company LLC boosted their target price on shares of Ambarella from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Northland Securities restated an “outperform” rating and set a $95.00 target price (up from $75.00) on shares of Ambarella in a research note on Wednesday, November 27th. Morgan Stanley raised their target price on Ambarella from $73.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Craig Hallum boosted their price target on Ambarella from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, Stifel Nicolaus raised their price objective on Ambarella from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $84.17.

About Ambarella

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.