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

Ambarella, Inc. (NASDAQ:AMBA) Director Christopher B. Paisley sold 500 shares of the company’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 transaction of $27,750.00. Following the sale, the director now directly owns 40,281 shares in the company, valued at $2,235,595.50. This trade represents a 1.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Ambarella Price Performance

Ambarella stock traded down $1.81 during mid-day trading on Wednesday, hitting $53.94. The company’s stock had a trading volume of 439,648 shares, compared to its average volume of 655,326. The business has a 50 day moving average price of $69.07 and a 200-day moving average price of $65.46. Ambarella, Inc. has a 12 month low of $39.69 and a 12 month high of $85.15. The stock has a market cap of $2.25 billion, a price-to-earnings ratio of -13.97 and a beta of 1.78.

Institutional Investors Weigh In On Ambarella

Hedge funds and other institutional investors have recently modified their holdings of the stock. Arizona State Retirement System grew its position in Ambarella by 1.4% during the 4th quarter. Arizona State Retirement System now owns 11,368 shares of the semiconductor company’s stock worth $827,000 after acquiring an additional 156 shares during the last quarter. Summit Investment Advisors Inc. boosted its stake in shares of Ambarella by 4.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,964 shares of the semiconductor company’s stock valued at $288,000 after purchasing an additional 161 shares during the period. Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Ambarella by 68.7% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 184 shares during the period. Pacer Advisors Inc. increased its stake in shares of Ambarella by 24.2% in the fourth quarter. Pacer Advisors Inc. now owns 965 shares of the semiconductor company’s stock worth $70,000 after buying an additional 188 shares during the period. Finally, Mackenzie Financial Corp increased its stake in shares of Ambarella by 3.2% in the fourth quarter. Mackenzie Financial Corp now owns 6,406 shares of the semiconductor company’s stock worth $466,000 after buying an additional 201 shares during the period. Institutional investors own 82.09% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.