D.A. Davidson & CO. Purchases Shares of 22,980 Ambarella, Inc. (NASDAQ:AMBA)

D.A. Davidson & CO. bought a new position in Ambarella, Inc. (NASDAQ:AMBA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 22,980 shares of the semiconductor company's stock, valued at approximately $1,672,000. D.A. Davidson & CO. owned about 0.06% of Ambarella as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CWM LLC boosted its holdings in Ambarella by 173.6% in the third quarter. CWM LLC now owns 1,483 shares of the semiconductor company's stock valued at $84,000 after acquiring an additional 941 shares during the last quarter. Creative Planning grew its holdings in shares of Ambarella by 144.0% during the 3rd quarter. Creative Planning now owns 14,719 shares of the semiconductor company's stock worth $830,000 after purchasing an additional 8,687 shares during the period. Blue Trust Inc. raised its holdings in Ambarella by 180.3% in the third quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company's stock valued at $27,000 after buying an additional 321 shares during the period. Signaturefd LLC raised its holdings in Ambarella by 389.6% in the third quarter. Signaturefd LLC now owns 661 shares of the semiconductor company's stock valued at $37,000 after buying an additional 526 shares during the period. Finally, SteelPeak Wealth LLC lifted its position in Ambarella by 45.5% during the 3rd quarter. SteelPeak Wealth LLC now owns 12,204 shares of the semiconductor company's stock worth $688,000 after acquiring an additional 3,819 shares in the last quarter. Institutional investors and hedge funds own 82.09% of the company's stock.

Insider Activity at Ambarella

In other news, Director Hsiao-Wuen Hon sold 377 shares of the business's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $74.15, for a total value of $27,954.55. Following the transaction, the director now directly owns 28,278 shares in the company, valued at $2,096,813.70. The trade was a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Leslie Kohn sold 1,757 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $75.41, for a total transaction of $132,495.37. Following the transaction, the chief technology officer now owns 959,676 shares of the company's stock, valued at $72,369,167.16. This trade represents a 0.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,861 shares of company stock worth $1,945,436 over the last ninety days. 5.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on AMBA shares. Morgan Stanley upped 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. 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. Northland Securities restated 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 objective 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. Finally, Needham & Company LLC raised their price objective on shares of Ambarella from $90.00 to $100.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $85.42.

Ambarella Trading Up 3.1 %

NASDAQ AMBA traded up $2.25 on Wednesday, hitting $75.88. The company's stock had a trading volume of 551,029 shares, compared to its average volume of 650,200. The company's 50-day simple moving average is $76.25 and its 200 day simple moving average is $64.86. The firm has a market cap of $3.16 billion, a P/E ratio of -19.67 and a beta of 1.66. Ambarella, Inc. has a 52-week low of $39.69 and a 52-week high of $85.15.

Ambarella Company 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.