Canada Pension Plan Investment Board Has $3.25 Million Stake in Ambarella, Inc. (NASDAQ:AMBA)

Canada Pension Plan Investment Board lowered its position in Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 36.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,676 shares of the semiconductor company's stock after selling 25,624 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.11% of Ambarella worth $3,250,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of AMBA. Invesco Ltd. raised its holdings in shares of Ambarella by 736.7% in the 4th quarter. Invesco Ltd. now owns 335,730 shares of the semiconductor company's stock valued at $24,421,000 after purchasing an additional 295,606 shares during the period. Barclays PLC raised its stake in Ambarella by 281.3% in the third quarter. Barclays PLC now owns 388,090 shares of the semiconductor company's stock valued at $21,891,000 after buying an additional 286,296 shares during the period. Alliancebernstein L.P. lifted its position in shares of Ambarella by 345.2% in the fourth quarter. Alliancebernstein L.P. now owns 189,235 shares of the semiconductor company's stock valued at $13,765,000 after buying an additional 146,729 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Ambarella by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 4,696,124 shares of the semiconductor company's stock worth $341,596,000 after acquiring an additional 81,557 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Ambarella by 34.8% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 305,395 shares of the semiconductor company's stock worth $22,214,000 after acquiring an additional 78,893 shares during the last quarter. Institutional investors own 82.09% of the company's stock.

Ambarella Price Performance

Shares of NASDAQ AMBA opened at $40.95 on Wednesday. The business has a fifty day moving average price of $55.04 and a two-hundred day moving average price of $63.97. The stock has a market capitalization of $1.74 billion, a PE ratio of -10.61 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 Buying and Selling

In related news, Director Christopher B. Paisley sold 500 shares of Ambarella 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 transaction, the director now directly owns 40,281 shares of the company's stock, valued at $2,235,595.50. This trade represents a 1.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Christopher Day sold 479 shares of the business's 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 $26,354.58. Following the transaction, the vice president now owns 15,441 shares of the company's stock, valued at approximately $849,563.82. This represents a 3.01 % 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 worth $513,467. Company insiders own 5.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. StockNews.com raised shares of Ambarella from a "sell" rating to a "hold" rating in a research report on Friday, February 28th. Needham & Company LLC lifted their target price on shares of Ambarella from $100.00 to $110.00 and gave the stock a "buy" rating in a 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 research note on Wednesday, January 22nd. Stifel Nicolaus cut their price objective on shares of Ambarella from $100.00 to $80.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Finally, 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. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $85.00.

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.

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