Vanguard Group Inc. boosted its holdings in Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,696,124 shares of the semiconductor company's stock after acquiring an additional 81,557 shares during the quarter. Vanguard Group Inc. owned 11.26% of Ambarella worth $341,596,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Ambarella by 68.7% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company's stock worth $32,000 after buying an additional 184 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Ambarella during the fourth quarter valued at $53,000. R Squared Ltd acquired a new stake in shares of Ambarella in the 4th quarter valued at $68,000. Pacer Advisors Inc. grew its holdings in shares of Ambarella by 24.2% in the 4th quarter. Pacer Advisors Inc. now owns 965 shares of the semiconductor company's stock worth $70,000 after purchasing an additional 188 shares during the last quarter. Finally, Manchester Capital Management LLC increased its position in shares of Ambarella by 21.8% during the 4th quarter. Manchester Capital Management LLC now owns 1,175 shares of the semiconductor company's stock worth $85,000 after purchasing an additional 210 shares in the last quarter. Institutional investors own 82.09% of the company's stock.
Ambarella Price Performance
Shares of Ambarella stock traded down $1.37 on Tuesday, hitting $40.30. 932,941 shares of the company's stock traded hands, compared to its average volume of 685,906. The firm's 50-day moving average price is $62.14 and its two-hundred day moving average price is $64.91. The stock has a market capitalization of $1.71 billion, a PE ratio of -10.44 and a beta of 1.86. Ambarella, Inc. has a one year low of $38.86 and a one year high of $85.15.
Insider Buying and Selling
In related news, Director Christopher B. Paisley sold 500 shares of the business's stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $55.50, for a total value of $27,750.00. Following the completion of the transaction, the director now directly owns 40,281 shares in the company, valued at approximately $2,235,595.50. The trade was a 1.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Christopher Day sold 479 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $55.02, for a total transaction of $26,354.58. Following the sale, the vice president now owns 15,441 shares in the company, valued at $849,563.82. This trade represents a 3.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,328 shares of company stock valued at $810,467 over the last three months. Company insiders own 5.70% of the company's stock.
Wall Street Analysts Forecast Growth
AMBA has been the subject of several recent analyst reports. Needham & Company LLC raised their price objective on shares of Ambarella from $100.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Bank of America upgraded Ambarella from an "underperform" rating to a "neutral" rating and set a $80.00 price objective for the company in a research report on Monday, December 16th. Stifel Nicolaus increased their target price on Ambarella from $95.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. StockNews.com raised Ambarella from a "sell" rating to a "hold" rating in a report on Friday, February 28th. Finally, Susquehanna raised their price objective 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. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $86.67.
Read Our Latest Report on AMBA
About Ambarella
(
Free Report)
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.
Featured Stories
Before you consider Ambarella, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ambarella wasn't on the list.
While Ambarella currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
