Asset Management One Co. Ltd. Buys New Shares in Ambarella, Inc. (NASDAQ:AMBA)

Asset Management One Co. Ltd. purchased a new position in shares of Ambarella, Inc. (NASDAQ:AMBA - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,528 shares of the semiconductor company's stock, valued at approximately $553,000.

Several other institutional investors have also modified their holdings of AMBA. CWM LLC grew its position in shares of Ambarella by 173.6% during the third quarter. CWM LLC now owns 1,483 shares of the semiconductor company's stock worth $84,000 after acquiring an additional 941 shares during the last quarter. Creative Planning lifted its holdings in Ambarella by 144.0% in the third quarter. Creative Planning now owns 14,719 shares of the semiconductor company's stock worth $830,000 after purchasing an additional 8,687 shares during the period. Blue Trust Inc. lifted its holdings in Ambarella by 180.3% in the third quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company's stock worth $27,000 after purchasing an additional 321 shares during the period. Signaturefd LLC lifted its holdings in Ambarella by 389.6% in the third quarter. Signaturefd LLC now owns 661 shares of the semiconductor company's stock worth $37,000 after purchasing an additional 526 shares during the period. Finally, SteelPeak Wealth LLC lifted its holdings in Ambarella by 45.5% in the 3rd quarter. SteelPeak Wealth LLC now owns 12,204 shares of the semiconductor company's stock valued at $688,000 after acquiring an additional 3,819 shares during the last quarter. Institutional investors own 82.09% of the company's stock.

Insiders Place Their Bets

In other news, VP Chi-Hong Ju sold 5,118 shares of the business's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $75.71, for a total value of $387,483.78. Following the transaction, the vice president now directly owns 158,686 shares of the company's stock, valued at $12,014,117.06. The trade was a 3.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Chan W. Lee sold 1,488 shares of the company's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $75.41, for a total value of $112,210.08. Following the transaction, the chief operating officer now directly owns 119,918 shares in the company, valued at approximately $9,043,016.38. This represents a 1.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,861 shares of company stock valued at $1,945,436 over the last quarter. Insiders own 5.70% of the company's stock.

Ambarella Stock Down 3.0 %

Shares of NASDAQ:AMBA traded down $2.36 on Monday, reaching $75.84. The company had a trading volume of 696,014 shares, compared to its average volume of 649,977. Ambarella, Inc. has a twelve month low of $39.69 and a twelve month high of $85.15. The stock has a 50-day moving average price of $76.25 and a 200 day moving average price of $64.65. The stock has a market capitalization of $3.16 billion, a P/E ratio of -19.65 and a beta of 1.66.

Wall Street Analyst Weigh In

AMBA has been the subject of a number of research analyst reports. Stifel Nicolaus upped their price target on shares of Ambarella from $80.00 to $95.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Susquehanna upped their price target on shares of Ambarella from $95.00 to $100.00 and gave the company a "positive" rating in a research report on Wednesday, January 22nd. Morgan Stanley lifted their price objective on shares of Ambarella from $73.00 to $90.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 27th. Rosenblatt Securities restated a "buy" rating and issued a $100.00 target price on shares of Ambarella in a report on Friday, December 6th. Finally, Craig Hallum lifted their price target on Ambarella from $85.00 to $90.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $85.42.

About Ambarella

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.