Charles Schwab Investment Management Inc. Raises Stock Holdings in Ambarella, Inc. (NASDAQ:AMBA)

Charles Schwab Investment Management Inc. increased its holdings in Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 325,001 shares of the semiconductor company's stock after purchasing an additional 4,682 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.78% of Ambarella worth $23,641,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of AMBA. Oppenheimer & Co. Inc. purchased a new position in Ambarella during the third quarter worth $663,000. KBC Group NV boosted its stake in shares of Ambarella by 1.3% during the third quarter. KBC Group NV now owns 41,835 shares of the semiconductor company's stock valued at $2,360,000 after purchasing an additional 525 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Ambarella by 18.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 226,502 shares of the semiconductor company's stock valued at $12,776,000 after purchasing an additional 35,977 shares during the period. Intech Investment Management LLC purchased a new stake in shares of Ambarella during the third quarter valued at $722,000. Finally, Algert Global LLC boosted its stake in shares of Ambarella by 76.2% during the third quarter. Algert Global LLC now owns 94,999 shares of the semiconductor company's stock valued at $5,358,000 after purchasing an additional 41,094 shares during the period. Institutional investors own 82.09% of the company's stock.

Insider Buying and Selling at Ambarella

In other news, CEO Feng-Ming Wang sold 3,194 shares of Ambarella stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $55.02, for a total transaction of $175,733.88. Following the transaction, the chief executive officer now owns 798,311 shares in the company, valued at $43,923,071.22. The trade was a 0.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Christopher Day sold 1,247 shares of Ambarella stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $78.10, for a total value of $97,390.70. Following the transaction, the vice president now owns 14,530 shares in the company, valued at approximately $1,134,793. This represents a 7.90 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,575 shares of company stock worth $1,069,957. Corporate insiders own 5.70% of the company's stock.

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Ambarella Trading Down 0.7 %

AMBA stock traded down $0.38 during midday trading on Friday, reaching $54.26. The stock had a trading volume of 1,185,501 shares, compared to its average volume of 656,250. The company's fifty day simple moving average is $69.81 and its 200 day simple moving average is $65.29. The company has a market cap of $2.26 billion, a price-to-earnings ratio of -14.06 and a beta of 1.78. Ambarella, Inc. has a 52-week low of $39.69 and a 52-week high of $85.15.

Analysts Set New Price Targets

A number of analysts have recently issued reports on AMBA shares. Needham & Company LLC boosted their target price on shares of Ambarella from $100.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. StockNews.com raised shares of Ambarella from a "sell" rating to a "hold" rating in a research note on Friday, February 28th. Craig Hallum boosted their target price on shares of Ambarella from $85.00 to $90.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Stifel Nicolaus upped their target price on Ambarella from $95.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $100.00 price objective on shares of Ambarella in a research note on Thursday, February 27th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Ambarella currently has a consensus rating of "Moderate Buy" and a consensus target price of $86.67.

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.