ArrowMark Colorado Holdings LLC Boosts Stake in Ambarella, Inc. (NASDAQ:AMBA)

ArrowMark Colorado Holdings LLC grew its stake in shares of Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 21.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 85,000 shares of the semiconductor company's stock after purchasing an additional 15,000 shares during the quarter. ArrowMark Colorado Holdings LLC owned about 0.21% of Ambarella worth $4,794,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Meeder Asset Management Inc. acquired a new position in shares of Ambarella during the 2nd quarter worth approximately $26,000. Blue Trust Inc. increased its holdings 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 acquiring an additional 321 shares during the last quarter. CWM LLC increased its holdings in shares of Ambarella by 127.7% during the 2nd quarter. CWM LLC now owns 542 shares of the semiconductor company's stock worth $29,000 after acquiring an additional 304 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Ambarella by 389.6% during the 3rd quarter. Signaturefd LLC now owns 661 shares of the semiconductor company's stock worth $37,000 after acquiring an additional 526 shares during the last quarter. Finally, Larson Financial Group LLC increased its holdings in shares of Ambarella by 6,014.3% during the 3rd quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company's stock worth $48,000 after acquiring an additional 842 shares during the last quarter. Institutional investors and hedge funds own 82.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on AMBA shares. Morgan Stanley boosted their price target on Ambarella from $73.00 to $90.00 and gave the company an "overweight" rating in a research note on Wednesday, November 27th. Roth Mkm reiterated a "neutral" rating and set a $60.00 target price on shares of Ambarella in a research report on Wednesday, August 28th. Northland Securities restated an "outperform" rating and set a $95.00 price objective (up from $75.00) on shares of Ambarella in a research report on Wednesday, November 27th. Bank of America upped their price objective on Ambarella from $57.00 to $65.00 and gave the stock an "underperform" rating in a research report on Wednesday, November 27th. Finally, 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. 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, the stock currently has an average rating of "Moderate Buy" and an average target price of $81.67.

Ambarella Stock Up 1.9 %

Shares of Ambarella stock traded up $1.34 on Tuesday, hitting $71.51. 321,823 shares of the company's stock traded hands, compared to its average volume of 600,383. The company has a fifty day moving average of $59.60 and a two-hundred day moving average of $55.59. Ambarella, Inc. has a one year low of $39.69 and a one year high of $81.32.

Insiders Place Their Bets

In other Ambarella news, CEO Feng-Ming Wang sold 4,382 shares of the business's stock in a transaction on 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 of the company's stock, valued at approximately $45,016,215.48. The trade was a 0.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Christopher Day sold 483 shares of the business's stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $53.54, for a total value of $25,859.82. Following the completion of the transaction, the vice president now directly owns 21,370 shares in the company, valued at approximately $1,144,149.80. This represents a 2.21 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,460 shares of company stock worth $1,013,172. Corporate insiders own 5.70% of the company's stock.

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.