Ambarella, Inc. (NASDAQ:AMBA) Stock Holdings Raised by Sora Investors LLC

Sora Investors LLC increased its holdings in shares of Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 19.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 185,000 shares of the semiconductor company's stock after acquiring an additional 30,000 shares during the period. Ambarella makes up approximately 1.8% of Sora Investors LLC's portfolio, making the stock its 23rd biggest holding. Sora Investors LLC owned 0.45% of Ambarella worth $10,435,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of AMBA. Azzad Asset Management Inc. ADV boosted its stake in shares of Ambarella by 2.4% during the 2nd quarter. Azzad Asset Management Inc. ADV now owns 9,983 shares of the semiconductor company's stock worth $539,000 after acquiring an additional 231 shares in the last quarter. Versor Investments LP raised its holdings in Ambarella by 5.9% during the third quarter. Versor Investments LP now owns 4,619 shares of the semiconductor company's stock worth $261,000 after purchasing an additional 256 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Ambarella by 6.4% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,767 shares of the semiconductor company's stock worth $269,000 after purchasing an additional 285 shares in the last quarter. CWM LLC increased its position in shares of Ambarella by 127.7% in the second quarter. CWM LLC now owns 542 shares of the semiconductor company's stock valued at $29,000 after buying an additional 304 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Ambarella by 180.3% during the 3rd quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company's stock worth $27,000 after buying an additional 321 shares during the last quarter. Hedge funds and other institutional investors own 82.09% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Stifel Nicolaus increased their price objective on shares of Ambarella from $80.00 to $95.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Craig Hallum increased their price target on shares of Ambarella from $85.00 to $90.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. Westpark Capital restated a "buy" rating and set a $85.00 price objective on shares of Ambarella in a research report on Monday, August 26th. Needham & Company LLC upped their target price on Ambarella from $90.00 to $100.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Finally, StockNews.com upgraded Ambarella from a "sell" rating to a "hold" rating in a research report on Monday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, Ambarella has a consensus rating of "Moderate Buy" and a consensus target price of $82.92.

Ambarella Stock Up 2.7 %

Shares of AMBA stock traded up $1.86 during mid-day trading on Friday, reaching $71.18. The company's stock had a trading volume of 156,606 shares, compared to its average volume of 603,996. The firm has a market capitalization of $2.94 billion, a PE ratio of -17.96 and a beta of 1.68. The company's 50 day simple moving average is $60.54 and its 200-day simple moving average is $55.95. Ambarella, Inc. has a 12-month low of $39.69 and a 12-month high of $81.32.

Insiders Place Their Bets

In related news, VP Christopher Day sold 1,278 shares of the business's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $71.61, for a total value of $91,517.58. Following the transaction, the vice president now owns 17,188 shares in the company, valued at approximately $1,230,832.68. The trade was a 6.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Feng-Ming Wang sold 4,301 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $53.54, for a total value of $230,275.54. Following the completion of the transaction, the chief executive officer now directly owns 799,527 shares of the company's stock, valued at $42,806,675.58. This represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,356 shares of company stock worth $859,210 over the last quarter. 5.70% of the stock is owned by corporate insiders.

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.