Atom Investors LP Trims Stock Holdings in Ambarella, Inc. (NASDAQ:AMBA)

Atom Investors LP trimmed its stake in shares of Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 66.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,473 shares of the semiconductor company's stock after selling 54,690 shares during the period. Atom Investors LP owned 0.07% of Ambarella worth $1,550,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of AMBA. Meeder Asset Management Inc. purchased a new position in shares of Ambarella in the second quarter valued at approximately $26,000. Blue Trust Inc. lifted its holdings in Ambarella by 180.3% in the 3rd quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company's stock valued at $27,000 after purchasing an additional 321 shares in the last quarter. CWM LLC boosted its stake in Ambarella by 127.7% during the 2nd quarter. CWM LLC now owns 542 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 304 shares during the last quarter. Signaturefd LLC raised its position in shares of Ambarella by 389.6% in the third quarter. Signaturefd LLC now owns 661 shares of the semiconductor company's stock valued at $37,000 after buying an additional 526 shares during the last quarter. Finally, Larson Financial Group LLC lifted its stake in shares of Ambarella by 6,014.3% in 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 in the last quarter. Hedge funds and other institutional investors own 82.09% of the company's stock.

Ambarella Trading Up 1.2 %

Shares of AMBA stock traded up $0.83 during trading on Tuesday, reaching $71.00. The company's stock had a trading volume of 261,327 shares, compared to its average volume of 600,153. Ambarella, Inc. has a 1-year low of $39.69 and a 1-year high of $81.32. The stock's 50-day moving average price is $59.60 and its 200 day moving average price is $55.59.

Insiders Place Their Bets

In other news, CEO Feng-Ming Wang sold 4,382 shares of the stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $56.02, for a total value of $245,479.64. Following the transaction, the chief executive officer now owns 803,574 shares in the company, valued at approximately $45,016,215.48. This represents a 0.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Christopher Day sold 2,904 shares of the company's stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $58.00, for a total value of $168,432.00. Following the completion of the transaction, the vice president now directly owns 18,466 shares of the company's stock, valued at $1,071,028. This trade represents a 13.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,460 shares of company stock worth $1,013,172 over the last 90 days. Corporate insiders own 5.70% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on AMBA shares. 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 report on Wednesday, November 27th. Northland Securities reiterated an "outperform" rating and set a $95.00 price objective (up previously from $75.00) on shares of Ambarella in a research report on Wednesday, November 27th. Roth Mkm restated a "neutral" rating and issued a $60.00 target price on shares of Ambarella in a report on Wednesday, August 28th. Susquehanna boosted their price target on shares of Ambarella from $70.00 to $85.00 and gave the company a "positive" rating in a research report on Wednesday, November 27th. Finally, Morgan Stanley increased their price target on shares of Ambarella from $73.00 to $90.00 and gave the company an "overweight" 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 stock. Based on data from MarketBeat.com, Ambarella has an average rating of "Moderate Buy" and an average price target of $81.67.

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.