Ambarella Sees Unusually Large Options Volume (NASDAQ:AMBA)

Ambarella, Inc. (NASDAQ:AMBA) was the recipient of unusually large options trading activity on Thursday. Traders purchased 2,823 put options on the company. This is an increase of approximately 58% compared to the typical volume of 1,790 put options.

Insider Activity at Ambarella

In other news, COO Chan W. Lee sold 1,000 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $75.90, for a total transaction of $75,900.00. Following the transaction, the chief operating officer now owns 110,918 shares of the company’s stock, valued at approximately $8,418,676.20. This trade represents a 0.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Christopher Day sold 1,278 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $71.61, for a total value of $91,517.58. Following the transaction, the vice president now owns 17,188 shares of the company’s stock, valued at $1,230,832.68. This represents a 6.92 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,861 shares of company stock worth $1,945,436. Company insiders own 5.70% of the company’s stock.

Hedge Funds Weigh In On Ambarella

Several institutional investors have recently made changes to their positions in the stock. Fuller & Thaler Asset Management Inc. bought a new stake in Ambarella in the 4th quarter valued at about $52,770,000. Point72 Asset Management L.P. raised its position in shares of Ambarella by 70.0% during the third quarter. Point72 Asset Management L.P. now owns 862,084 shares of the semiconductor company’s stock worth $48,626,000 after purchasing an additional 355,078 shares during the period. Invesco Ltd. lifted its holdings in shares of Ambarella by 736.7% in the 4th quarter. Invesco Ltd. now owns 335,730 shares of the semiconductor company’s stock worth $24,421,000 after purchasing an additional 295,606 shares in the last quarter. Barclays PLC increased its stake in Ambarella by 281.3% during the 3rd quarter. Barclays PLC now owns 388,090 shares of the semiconductor company’s stock valued at $21,891,000 after purchasing an additional 286,296 shares in the last quarter. Finally, Woodline Partners LP raised its holdings in Ambarella by 2,367.1% during the fourth quarter. Woodline Partners LP now owns 263,333 shares of the semiconductor company’s stock worth $19,155,000 after buying an additional 252,659 shares during the last quarter. Institutional investors and hedge funds own 82.09% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on AMBA. Morgan Stanley upped their price objective 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. StockNews.com lowered Ambarella from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. Rosenblatt Securities reiterated a “buy” rating and issued a $100.00 price objective on shares of Ambarella in a research note on Thursday. Susquehanna boosted their target price on shares of Ambarella from $95.00 to $100.00 and gave the company a “positive” rating in a research note on Wednesday, January 22nd. Finally, Northland Securities reiterated an “outperform” rating and set a $95.00 target price (up previously from $75.00) on shares of Ambarella in a research report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $86.67.

Ambarella Stock Down 7.3 %

AMBA traded down $5.55 during trading on Thursday, reaching $70.26. 2,002,622 shares of the stock traded hands, compared to its average volume of 708,443. The stock has a market capitalization of $2.93 billion, a PE ratio of -18.21 and a beta of 1.66. Ambarella has a 12 month low of $39.69 and a 12 month high of $85.15. The stock’s 50-day moving average is $76.37 and its 200 day moving average is $64.94.

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.