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

Ambarella, Inc. (NASDAQ:AMBA) COO Chan W. Lee sold 1,000 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $79.15, for a total value of $79,150.00. Following the completion of the transaction, the chief operating officer now directly owns 116,918 shares in the company, valued at approximately $9,254,059.70. This trade represents a 0.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Ambarella Price Performance

AMBA opened at $76.20 on Thursday. The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of -19.74 and a beta of 1.66. The business’s 50-day moving average price is $68.09 and its two-hundred day moving average price is $59.21. Ambarella, Inc. has a 1 year low of $39.69 and a 1 year high of $81.32.

Institutional Investors Weigh In On Ambarella

Hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp boosted its position in Ambarella by 2.6% during the 3rd quarter. State Street Corp now owns 1,924,235 shares of the semiconductor company’s stock worth $108,536,000 after acquiring an additional 47,856 shares during the last quarter. Millennium Management LLC boosted its holdings in Ambarella by 7.0% during the second quarter. Millennium Management LLC now owns 1,447,466 shares of the semiconductor company’s stock worth $78,091,000 after purchasing an additional 94,257 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Ambarella by 4.8% during the third quarter. The Manufacturers Life Insurance Company now owns 1,353,287 shares of the semiconductor company’s stock worth $76,332,000 after purchasing an additional 61,387 shares during the last quarter. Geode Capital Management LLC grew its position in Ambarella by 1.6% in the third quarter. Geode Capital Management LLC now owns 916,757 shares of the semiconductor company’s stock valued at $51,719,000 after purchasing an additional 14,568 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its stake in Ambarella by 70.0% in the 3rd quarter. Point72 Asset Management L.P. now owns 862,084 shares of the semiconductor company’s stock valued at $48,626,000 after buying an additional 355,078 shares during the last quarter. Institutional investors and hedge funds own 82.09% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on AMBA shares. 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. Rosenblatt Securities reiterated a “buy” rating and issued a $100.00 price target on shares of Ambarella in a research report on Friday, December 6th. Northland Securities reiterated an “outperform” rating and issued a $95.00 target price (up from $75.00) on shares of Ambarella in a report on Wednesday, November 27th. Needham & Company LLC boosted their price target on shares of Ambarella from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, Susquehanna raised their price objective on Ambarella from $70.00 to $85.00 and gave the stock a “positive” rating in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company 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.