Stifel Nicolaus Forecasts Strong Price Appreciation for Ambarella (NASDAQ:AMBA) Stock

Ambarella (NASDAQ:AMBA) had its target price raised by stock analysts at Stifel Nicolaus from $95.00 to $100.00 in a report released on Thursday,Benzinga reports. The firm presently has a “buy” rating on the semiconductor company’s stock. Stifel Nicolaus’ price target suggests a potential upside of 43.39% from the company’s current price.

A number of other research firms also recently commented on AMBA. Rosenblatt Securities reiterated a “buy” rating and issued a $100.00 price objective on shares of Ambarella in a report on Thursday. Needham & Company LLC increased their price target on shares of Ambarella from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday. StockNews.com lowered shares of Ambarella from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. 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. Finally, Northland Securities reissued an “outperform” rating and set a $95.00 price target (up 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 issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $86.67.

Ambarella Stock Down 8.0 %

Ambarella stock opened at $69.74 on Thursday. The business’s 50-day simple moving average is $76.37 and its 200 day simple moving average is $64.94. The stock has a market cap of $2.91 billion, a price-to-earnings ratio of -18.07 and a beta of 1.66. Ambarella has a 12-month low of $39.69 and a 12-month high of $85.15.

Insiders Place Their Bets

In other news, VP Christopher Day sold 1,247 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $78.10, for a total value of $97,390.70. Following the sale, the vice president now owns 14,530 shares of the company’s stock, valued at $1,134,793. The trade was a 7.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Chan W. Lee sold 1,000 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $79.15, for a total transaction of $79,150.00. Following the completion of the transaction, the chief operating officer now directly owns 116,918 shares of the company’s stock, valued at approximately $9,254,059.70. This trade represents a 0.85 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,861 shares of company stock worth $1,945,436. Corporate insiders own 5.70% of the company’s stock.

Hedge Funds Weigh In On Ambarella

Large investors have recently modified their holdings of the business. Tributary Capital Management LLC raised its holdings in Ambarella by 15.4% during the fourth quarter. Tributary Capital Management LLC now owns 287,565 shares of the semiconductor company’s stock worth $20,917,000 after acquiring an additional 38,380 shares in the last quarter. Dynamic Technology Lab Private Ltd increased its position in shares of Ambarella by 592.2% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 25,883 shares of the semiconductor company’s stock worth $1,460,000 after purchasing an additional 22,144 shares during the last quarter. Asset Management One Co. Ltd. bought a new stake in shares of Ambarella during the 4th quarter worth approximately $553,000. Mirabella Financial Services LLP bought a new stake in shares of Ambarella during the 3rd quarter worth approximately $1,530,000. Finally, FMR LLC boosted its holdings in shares of Ambarella by 185.4% in the 3rd quarter. FMR LLC now owns 17,102 shares of the semiconductor company’s stock valued at $965,000 after buying an additional 11,110 shares during the last quarter. 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.