Chesapeake Capital Corp IL Invests $385,000 in Ambarella, Inc. (NASDAQ:AMBA)

Chesapeake Capital Corp IL purchased a new position in shares of Ambarella, Inc. (NASDAQ:AMBA - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,292 shares of the semiconductor company's stock, valued at approximately $385,000.

A number of other hedge funds also recently modified their holdings of the business. Skandinaviska Enskilda Banken AB publ lifted its position in Ambarella by 68.7% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company's stock valued at $32,000 after acquiring an additional 184 shares in the last quarter. Larson Financial Group LLC boosted 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 buying an additional 842 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Ambarella during the fourth quarter worth about $53,000. R Squared Ltd bought a new position in Ambarella in the fourth quarter valued at $68,000. Finally, Truvestments Capital LLC bought a new stake in Ambarella during the 3rd quarter worth about $69,000. Institutional investors and hedge funds own 82.09% of the company's stock.

Insider Buying and Selling at Ambarella

In related news, CEO Feng-Ming Wang sold 3,194 shares of the company's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $55.02, for a total value of $175,733.88. Following the transaction, the chief executive officer now directly owns 798,311 shares in the company, valued at approximately $43,923,071.22. This represents a 0.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO John Alexander Young sold 2,103 shares of the firm's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $55.02, for a total transaction of $115,707.06. Following the transaction, the chief financial officer now directly owns 113,886 shares in the company, valued at approximately $6,266,007.72. This represents a 1.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,575 shares of company stock valued at $1,069,957 in the last three months. 5.70% of the stock is currently owned by company insiders.

Remove Ads

Analyst Ratings Changes

A number of research firms recently issued reports on AMBA. Needham & Company LLC lifted their target price on Ambarella from $100.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Craig Hallum boosted their price target on Ambarella from $85.00 to $90.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Northland Securities reissued an "outperform" rating and issued a $95.00 price objective (up previously from $75.00) on shares of Ambarella in a report on Wednesday, November 27th. Bank of America upgraded shares of Ambarella from an "underperform" rating to a "neutral" rating and set a $80.00 target price on the stock in a report on Monday, December 16th. Finally, Stifel Nicolaus increased their price target on shares of Ambarella from $95.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $86.67.

Ambarella Stock Down 0.7 %

Shares of NASDAQ AMBA traded down $0.38 during mid-day trading on Friday, reaching $54.26. 1,185,501 shares of the company were exchanged, compared to its average volume of 656,961. The stock has a market capitalization of $2.26 billion, a P/E ratio of -14.06 and a beta of 1.78. The company's 50-day simple moving average is $69.81 and its 200-day simple moving average is $65.35. Ambarella, Inc. has a twelve month low of $39.69 and a twelve month high of $85.15.

Ambarella 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.