Chan W. Lee Sells 1,000 Shares of Ambarella, Inc. (NASDAQ:AMBA) Stock

Ambarella, Inc. (NASDAQ:AMBA) COO Chan W. Lee sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $73.50, for a total value of $73,500.00. Following the completion of the sale, the chief operating officer now owns 112,918 shares in the company, valued at approximately $8,299,473. This represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Ambarella Stock Down 0.8 %

NASDAQ:AMBA opened at $73.90 on Wednesday. Ambarella, Inc. has a 12-month low of $39.69 and a 12-month high of $81.32. The firm has a market capitalization of $3.08 billion, a P/E ratio of -19.15 and a beta of 1.66. The stock’s fifty day simple moving average is $69.54 and its 200-day simple moving average is $59.86.

Analysts Set New Price Targets

Several equities analysts have issued reports on AMBA shares. Rosenblatt Securities reiterated a “buy” rating and issued a $100.00 price objective on shares of Ambarella in a research report on Friday, December 6th. Needham & Company LLC raised their price objective 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. Bank of America raised 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. Craig Hallum increased their price target on shares of Ambarella from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, Northland Securities restated an “outperform” rating and issued a $95.00 price objective (up previously from $75.00) on shares of Ambarella in a research report on Wednesday, November 27th. One equities research 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’s stock. Based on data from MarketBeat.com, Ambarella currently has a consensus rating of “Moderate Buy” and an average target price of $84.17.

Institutional Trading of Ambarella

A number of hedge funds have recently modified their holdings of the company. Heritage Family Offices LLP bought a new position in Ambarella during the fourth quarter worth about $213,000. FNY Investment Advisers LLC grew its position in shares of Ambarella by 52.1% in the 4th quarter. FNY Investment Advisers LLC now owns 2,248 shares of the semiconductor company’s stock valued at $163,000 after purchasing an additional 770 shares during the period. Lord Abbett & CO. LLC bought a new stake in Ambarella during the 3rd quarter worth approximately $3,905,000. Geode Capital Management LLC raised its holdings in Ambarella by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 916,757 shares of the semiconductor company’s stock worth $51,719,000 after buying an additional 14,568 shares during the period. Finally, Sender Co & Partners Inc. bought a new position in Ambarella in the third quarter valued at approximately $481,000. 82.09% of the stock is currently 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.