Ambarella, Inc. (NASDAQ:AMBA) COO Sells $80,769.36 in Stock

Ambarella, Inc. (NASDAQ:AMBA) COO Chan W. Lee sold 1,468 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $55.02, for a total value of $80,769.36. Following the completion of the sale, the chief operating officer now directly owns 130,297 shares in the company, valued at approximately $7,168,940.94. This represents a 1.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Ambarella Stock Down 0.7 %

Ambarella stock opened at $54.26 on Friday. The business has a 50-day simple moving average of $69.81 and a two-hundred day simple moving average of $65.35. The company has a market cap of $2.26 billion, a P/E ratio of -14.06 and a beta of 1.78. Ambarella, Inc. has a 52-week low of $39.69 and a 52-week high of $85.15.

Analyst Ratings Changes

A number of research firms have recently commented on AMBA. Needham & Company LLC increased their target price on Ambarella from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Bank of America raised Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 target price on the stock in a research note on Monday, December 16th. Northland Securities reaffirmed an “outperform” rating and set a $95.00 price objective (up from $75.00) on shares of Ambarella in a research report on Wednesday, November 27th. Stifel Nicolaus increased their price objective on Ambarella from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Finally, StockNews.com raised Ambarella from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $86.67.

Institutional Investors Weigh In On Ambarella

A number of large investors have recently made changes to their positions in the company. Arizona State Retirement System grew its stake in shares of Ambarella by 1.4% during the 4th quarter. Arizona State Retirement System now owns 11,368 shares of the semiconductor company’s stock valued at $827,000 after purchasing an additional 156 shares during the period. Summit Investment Advisors Inc. grew its stake in shares of Ambarella by 4.2% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,964 shares of the semiconductor company’s stock valued at $288,000 after purchasing an additional 161 shares during the period. Skandinaviska Enskilda Banken AB publ grew its stake in shares of Ambarella by 68.7% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 184 shares during the period. Pacer Advisors Inc. grew its stake in shares of Ambarella by 24.2% during the 4th quarter. Pacer Advisors Inc. now owns 965 shares of the semiconductor company’s stock valued at $70,000 after purchasing an additional 188 shares during the period. Finally, Mackenzie Financial Corp grew its stake in shares of Ambarella by 3.2% during the 4th quarter. Mackenzie Financial Corp now owns 6,406 shares of the semiconductor company’s stock valued at $466,000 after purchasing an additional 201 shares during the period. 82.09% of the stock is currently 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.