Ambarella, Inc. (NASDAQ:AMBA – Get Rating) Director Elizabeth M. Schwarting sold 234 shares of the company’s stock in a transaction on Monday, December 19th. The stock was sold at an average price of $81.42, for a total transaction of $19,052.28. Following the completion of the transaction, the director now directly owns 3,987 shares of the company’s stock, valued at $324,621.54. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Ambarella Trading Up 2.9 %
NASDAQ:AMBA traded up $2.30 on Tuesday, hitting $81.95. The company’s stock had a trading volume of 588,181 shares, compared to its average volume of 668,196. Ambarella, Inc. has a one year low of $49.02 and a one year high of $220.14. The stock has a fifty day moving average of $65.15 and a two-hundred day moving average of $70.03. The firm has a market capitalization of $3.18 billion, a P/E ratio of -49.07 and a beta of 1.56.
Analysts Set New Price Targets
Several research analysts have recently weighed in on AMBA shares. Cowen reduced their price objective on Ambarella from $100.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, December 2nd. Craig Hallum reduced their price target on Ambarella to $90.00 in a research report on Friday, December 2nd. KeyCorp lowered their price objective on shares of Ambarella from $120.00 to $100.00 and set an “overweight” rating on the stock in a report on Wednesday, August 31st. TheStreet cut shares of Ambarella from a “c-” rating to a “d+” rating in a report on Tuesday, October 18th. Finally, Cowen cut their price target on shares of Ambarella from $100.00 to $90.00 and set an “outperform” rating on the stock in a research report on Friday, December 2nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $100.35.
Institutional Investors Weigh In On Ambarella
Several hedge funds have recently added to or reduced their stakes in AMBA. BNP Paribas Arbitrage SA boosted its holdings in shares of Ambarella by 13.6% during the second quarter. BNP Paribas Arbitrage SA now owns 36,156 shares of the semiconductor company’s stock worth $2,367,000 after acquiring an additional 4,319 shares during the period. American Century Companies Inc. boosted its stake in Ambarella by 61.9% in the 1st quarter. American Century Companies Inc. now owns 103,135 shares of the semiconductor company’s stock valued at $10,821,000 after purchasing an additional 39,419 shares during the period. Sheets Smith Wealth Management boosted its stake in Ambarella by 38.6% in the 2nd quarter. Sheets Smith Wealth Management now owns 4,548 shares of the semiconductor company’s stock valued at $298,000 after purchasing an additional 1,267 shares during the period. Emerald Mutual Fund Advisers Trust boosted its stake in Ambarella by 6.7% in the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 81,846 shares of the semiconductor company’s stock valued at $5,358,000 after purchasing an additional 5,160 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in Ambarella by 132.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,990 shares of the semiconductor company’s stock valued at $131,000 after buying an additional 1,134 shares in the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.
About Ambarella
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Ambarella, Inc develops semiconductor solutions for video that enable high-definition (HD) and ultra HD compression, image processing, and deep neural network 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.
Further Reading
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