Barclays PLC Sells 170,190 Shares of Ambarella, Inc. (NASDAQ:AMBA)

Barclays PLC lessened its holdings in shares of Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 43.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 217,900 shares of the semiconductor company's stock after selling 170,190 shares during the quarter. Barclays PLC owned 0.52% of Ambarella worth $15,850,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Skandinaviska Enskilda Banken AB publ lifted 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 purchasing an additional 184 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Ambarella during the 4th quarter worth approximately $37,000. Sterling Capital Management LLC lifted its stake in Ambarella by 629.3% in the fourth quarter. Sterling Capital Management LLC now owns 598 shares of the semiconductor company's stock valued at $43,000 after buying an additional 516 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Ambarella in the fourth quarter valued at approximately $53,000. Finally, R Squared Ltd bought a new stake in shares of Ambarella during the fourth quarter worth $68,000. 82.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on AMBA. StockNews.com raised shares of Ambarella from a "sell" rating to a "hold" rating in a research note on Friday, February 28th. Needham & Company LLC increased their price objective on shares of Ambarella from $100.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Susquehanna lifted their target price on Ambarella from $95.00 to $100.00 and gave the company a "positive" rating in a research report on Wednesday, January 22nd. Stifel Nicolaus decreased their target price on shares of Ambarella from $100.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $100.00 price target on shares of Ambarella 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $85.00.

Ambarella Stock Performance

AMBA traded up $2.07 on Wednesday, reaching $43.02. The company had a trading volume of 906,187 shares, compared to its average volume of 697,195. The company's fifty day moving average is $55.04 and its 200 day moving average is $63.97. The stock has a market cap of $1.83 billion, a P/E ratio of -11.15 and a beta of 1.86. Ambarella, Inc. has a fifty-two week low of $38.86 and a fifty-two week high of $85.15.

Insider Activity

In other Ambarella news, CFO John Alexander Young sold 2,103 shares of the stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $55.02, for a total transaction of $115,707.06. Following the transaction, the chief financial officer now owns 113,886 shares in the company, valued at $6,266,007.72. This represents a 1.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Christopher B. Paisley sold 500 shares of the business's stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $55.50, for a total value of $27,750.00. Following the completion of the sale, the director now owns 40,281 shares of the company's stock, valued at approximately $2,235,595.50. This trade represents a 1.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,328 shares of company stock valued at $513,467. 5.70% of the stock is owned by 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.