Chan W. Lee Sells 1,000 Shares of Ambarella, Inc. (NASDAQ:AMBA) Stock

Ambarella, Inc. (NASDAQ:AMBA) COO Chan W. Lee sold 1,000 shares of the company’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $74.12, for a total transaction of $74,120.00. Following the sale, the chief operating officer now directly owns 113,918 shares in the company, valued at $8,443,602.16. This trade represents a 0.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Ambarella Stock Performance

AMBA opened at $73.90 on Wednesday. The stock has a fifty day moving average of $69.54 and a 200-day moving average of $59.86. The company has a market capitalization of $3.08 billion, a P/E ratio of -19.15 and a beta of 1.66. Ambarella, Inc. has a fifty-two week low of $39.69 and a fifty-two week high of $81.32.

Analysts Set New Price Targets

Several research firms have recently weighed in on AMBA. Craig Hallum boosted their price objective on shares of Ambarella from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Northland Securities reissued an “outperform” rating and set a $95.00 price target (up previously from $75.00) on shares of Ambarella in a research report on Wednesday, November 27th. Stifel Nicolaus raised their price objective on Ambarella from $80.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Bank of America upgraded 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, StockNews.com cut Ambarella from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $84.17.

Hedge Funds Weigh In On Ambarella

A number of hedge funds have recently bought and sold shares of AMBA. Meeder Asset Management Inc. bought a new stake in Ambarella in the 2nd quarter valued at about $26,000. Blue Trust Inc. raised its position in shares of Ambarella by 180.3% in the third quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 321 shares in the last quarter. Signaturefd LLC boosted its stake in shares of Ambarella by 389.6% in the third 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. Larson Financial Group LLC grew its position in 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 buying an additional 842 shares in the last quarter. Finally, Truvestments Capital LLC acquired a new stake in Ambarella during the third quarter worth approximately $69,000. 82.09% of the stock is owned by institutional investors.

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.