Ambarella, Inc. (NASDAQ:AMBA) Shares Acquired by Barclays PLC

Barclays PLC grew its holdings in Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 281.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 388,090 shares of the semiconductor company's stock after purchasing an additional 286,296 shares during the period. Barclays PLC owned about 0.94% of Ambarella worth $21,891,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Y Intercept Hong Kong Ltd grew its holdings in shares of Ambarella by 8.7% in the third quarter. Y Intercept Hong Kong Ltd now owns 12,573 shares of the semiconductor company's stock worth $709,000 after purchasing an additional 1,002 shares during the last quarter. XTX Topco Ltd purchased a new stake in Ambarella in the 3rd quarter valued at about $843,000. Sora Investors LLC grew its stake in Ambarella by 19.4% in the 3rd quarter. Sora Investors LLC now owns 185,000 shares of the semiconductor company's stock worth $10,435,000 after acquiring an additional 30,000 shares in the last quarter. State Street Corp increased its position in shares of Ambarella by 2.6% during the third quarter. State Street Corp now owns 1,924,235 shares of the semiconductor company's stock worth $108,536,000 after acquiring an additional 47,856 shares during the period. Finally, Stifel Financial Corp increased its position in shares of Ambarella by 24.5% during the third quarter. Stifel Financial Corp now owns 16,396 shares of the semiconductor company's stock worth $925,000 after acquiring an additional 3,224 shares during the period. Hedge funds and other institutional investors own 82.09% of the company's stock.

Ambarella Stock Performance

NASDAQ:AMBA traded down $0.56 during midday trading on Friday, reaching $72.53. 512,057 shares of the stock traded hands, compared to its average volume of 605,829. The business has a 50-day moving average of $62.53 and a two-hundred day moving average of $57.01. Ambarella, Inc. has a 12-month low of $39.69 and a 12-month high of $81.32. The stock has a market capitalization of $3.02 billion, a PE ratio of -18.79 and a beta of 1.68.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on AMBA shares. Northland Securities reissued an "outperform" rating and issued a $95.00 price objective (up previously from $75.00) on shares of Ambarella in a research note on Wednesday, November 27th. Susquehanna increased their price target on Ambarella from $70.00 to $85.00 and gave the stock a "positive" rating in a research report on Wednesday, November 27th. Westpark Capital restated a "buy" rating and set a $85.00 price target on shares of Ambarella in a research note on Monday, August 26th. Bank of America upped their price objective on shares of Ambarella from $57.00 to $65.00 and gave the stock an "underperform" rating in a research note on Wednesday, November 27th. Finally, Rosenblatt Securities reissued a "buy" rating and set a $100.00 target price on shares of Ambarella in a research report on Friday, December 6th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $82.92.

Insider Transactions at Ambarella

In other news, CEO Feng-Ming Wang sold 4,301 shares of the business's stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $53.54, for a total transaction of $230,275.54. Following the sale, the chief executive officer now directly owns 799,527 shares of the company's stock, valued at $42,806,675.58. The trade was a 0.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Chi-Hong Ju sold 5,118 shares of the firm's stock in a transaction on Monday, December 9th. The stock was sold at an average price of $75.71, for a total value of $387,483.78. Following the completion of the transaction, the vice president now owns 158,686 shares of the company's stock, valued at $12,014,117.06. This trade represents a 3.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,474 shares of company stock valued at $1,246,694 in the last quarter. 5.70% of the stock is currently owned by corporate insiders.

About Ambarella

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.