Alliancebernstein L.P. Has $13.77 Million Stock Holdings in Ambarella, Inc. (NASDAQ:AMBA)

Alliancebernstein L.P. lifted its stake in shares of Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 345.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 189,235 shares of the semiconductor company's stock after acquiring an additional 146,729 shares during the period. Alliancebernstein L.P. owned 0.45% of Ambarella worth $13,765,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of AMBA. Arizona State Retirement System raised its stake in shares of Ambarella by 1.4% in the 4th quarter. Arizona State Retirement System now owns 11,368 shares of the semiconductor company's stock valued at $827,000 after acquiring an additional 156 shares during the period. Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Ambarella by 68.7% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company's stock valued at $32,000 after buying an additional 184 shares during the period. Pacer Advisors Inc. boosted its holdings in 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 acquiring an additional 188 shares during the period. Manchester Capital Management LLC grew its position in Ambarella by 21.8% in the fourth quarter. Manchester Capital Management LLC now owns 1,175 shares of the semiconductor company's stock valued at $85,000 after acquiring an additional 210 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Ambarella by 5.0% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,003 shares of the semiconductor company's stock worth $364,000 after purchasing an additional 236 shares in the last quarter. 82.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ambarella

In related news, CFO John Alexander Young sold 2,103 shares of the company's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $55.02, for a total value of $115,707.06. Following the completion of the sale, 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Chan W. Lee sold 1,000 shares of the business's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $75.90, for a total value of $75,900.00. Following the completion of the sale, the chief operating officer now directly owns 110,918 shares of the company's stock, valued at $8,418,676.20. This represents a 0.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,328 shares of company stock worth $589,367 over the last 90 days. 5.70% of the stock is currently owned by corporate insiders.

Ambarella Trading Up 3.3 %

AMBA stock traded up $1.48 during midday trading on Monday, reaching $45.51. The company had a trading volume of 64,853 shares, compared to its average volume of 688,897. Ambarella, Inc. has a 1 year low of $38.86 and a 1 year high of $85.15. The company has a market capitalization of $1.93 billion, a P/E ratio of -11.79 and a beta of 1.86. The company has a 50 day moving average of $59.68 and a two-hundred day moving average of $64.66.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on AMBA shares. Needham & Company LLC boosted 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. Rosenblatt Securities reaffirmed a "buy" rating and issued a $100.00 target price on shares of Ambarella in a research report on Thursday, February 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 report on Wednesday, January 22nd. StockNews.com raised shares of Ambarella from a "sell" rating to a "hold" rating in a research report on Friday, February 28th. Finally, Stifel Nicolaus increased their price target on shares of Ambarella from $95.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $86.67.

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.