Artemis Wealth Advisors LLC Invests $1.46 Million in Ambarella, Inc. (NASDAQ:AMBA)

Artemis Wealth Advisors LLC bought a new position in Ambarella, Inc. (NASDAQ:AMBA - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 20,000 shares of the semiconductor company's stock, valued at approximately $1,455,000. Ambarella accounts for about 0.3% of Artemis Wealth Advisors LLC's holdings, making the stock its 18th biggest holding.

Several other institutional investors also recently modified their holdings of AMBA. State Street Corp raised its holdings in Ambarella by 2.6% in the third quarter. State Street Corp now owns 1,924,235 shares of the semiconductor company's stock worth $108,536,000 after buying an additional 47,856 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Ambarella by 4.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,353,287 shares of the semiconductor company's stock worth $76,332,000 after buying an additional 61,387 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Ambarella by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 916,757 shares of the semiconductor company's stock valued at $51,719,000 after purchasing an additional 14,568 shares during the last quarter. Point72 Asset Management L.P. increased its holdings in Ambarella by 70.0% during the third quarter. Point72 Asset Management L.P. now owns 862,084 shares of the semiconductor company's stock valued at $48,626,000 after buying an additional 355,078 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Ambarella by 7.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 666,286 shares of the semiconductor company's stock worth $37,582,000 after purchasing an additional 43,874 shares during the period. 82.09% of the stock is currently owned by institutional investors.

Insider Transactions at Ambarella

In other Ambarella news, VP Christopher Day sold 1,278 shares of Ambarella stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $71.61, for a total transaction of $91,517.58. Following the completion of the transaction, the vice president now directly owns 17,188 shares of the company's stock, valued at $1,230,832.68. The trade was a 6.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Chan W. Lee sold 1,000 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $75.90, for a total transaction of $75,900.00. Following the completion of the sale, the chief operating officer now directly owns 110,918 shares in the company, valued at approximately $8,418,676.20. This represents a 0.89 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,861 shares of company stock worth $1,945,436. 5.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Northland Securities reaffirmed an "outperform" rating and set a $95.00 price target (up previously from $75.00) on shares of Ambarella in a report on Wednesday, November 27th. Susquehanna boosted their price objective on Ambarella from $95.00 to $100.00 and gave the company a "positive" rating in a research report on Wednesday, January 22nd. Morgan Stanley increased their target price on Ambarella from $73.00 to $90.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 27th. Needham & Company LLC boosted their price target on Ambarella from $100.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Bank of America raised shares of Ambarella from an "underperform" rating to a "neutral" rating and set a $80.00 price objective for the company in a report on Monday, December 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $86.67.

Ambarella Trading Down 2.2 %

Shares of NASDAQ:AMBA traded down $1.40 during trading on Friday, reaching $61.43. The company's stock had a trading volume of 1,958,405 shares, compared to its average volume of 822,276. The firm's 50 day simple moving average is $76.26 and its two-hundred day simple moving average is $64.93. Ambarella, Inc. has a 12 month low of $39.69 and a 12 month high of $85.15. The stock has a market capitalization of $2.56 billion, a PE ratio of -15.91 and a beta of 1.66.

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.