Hsiao-Wuen Hon Sells 377 Shares of Ambarella, Inc. (NASDAQ:AMBA) Stock

Ambarella, Inc. (NASDAQ:AMBA) Director Hsiao-Wuen Hon sold 377 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $74.15, for a total transaction of $27,954.55. Following the completion of the sale, the director now directly owns 28,278 shares in the company, valued at $2,096,813.70. This trade represents a 1.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Ambarella Stock Performance

Shares of NASDAQ:AMBA opened at $76.22 on Tuesday. The business has a fifty day moving average of $62.53 and a 200-day moving average of $57.01. Ambarella, Inc. has a twelve month low of $39.69 and a twelve month high of $81.32. The firm has a market cap of $3.18 billion, a PE ratio of -19.75 and a beta of 1.68.

Institutional Investors Weigh In On Ambarella

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. bought a new stake in shares of Ambarella during the second quarter valued at approximately $26,000. Blue Trust Inc. lifted its holdings in Ambarella by 180.3% during the 3rd quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company’s stock worth $27,000 after buying an additional 321 shares in the last quarter. CWM LLC boosted its position in Ambarella by 127.7% in the 2nd quarter. CWM LLC now owns 542 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 304 shares during the last quarter. Signaturefd LLC increased its stake in shares of Ambarella by 389.6% in the 3rd quarter. Signaturefd LLC now owns 661 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 526 shares during the period. Finally, Larson Financial Group LLC raised its position in shares of Ambarella by 6,014.3% during the third quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company’s stock worth $48,000 after acquiring an additional 842 shares during the last quarter. Institutional investors and hedge funds own 82.09% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AMBA. Stifel Nicolaus lifted their target price on shares of Ambarella from $80.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Rosenblatt Securities reiterated a “buy” rating and issued a $100.00 price objective on shares of Ambarella in a research note on Friday, December 6th. Bank of America raised Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 target price for the company in a report on Monday. TD Cowen boosted their price target on Ambarella from $65.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, August 28th. Finally, Needham & Company LLC increased their price objective on Ambarella from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Ambarella has an average rating of “Moderate Buy” and a consensus target price of $84.17.

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.