5,080 Shares in Ambarella, Inc. (NASDAQ:AMBA) Purchased by Empowered Funds LLC

Empowered Funds LLC bought a new position in shares of Ambarella, Inc. (NASDAQ:AMBA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,080 shares of the semiconductor company's stock, valued at approximately $370,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. boosted its position in shares of Ambarella by 180.3% in the third quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company's stock worth $27,000 after acquiring an additional 321 shares during the last quarter. Signaturefd LLC raised its stake in Ambarella by 389.6% during the third quarter. Signaturefd LLC now owns 661 shares of the semiconductor company's stock worth $37,000 after purchasing an additional 526 shares during the period. Larson Financial Group LLC boosted its holdings in shares of Ambarella by 6,014.3% in the 3rd quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company's stock valued at $48,000 after purchasing an additional 842 shares during the last quarter. R Squared Ltd purchased a new stake in shares of Ambarella during the 4th quarter valued at $68,000. Finally, Truvestments Capital LLC acquired a new stake in shares of Ambarella during the 3rd quarter worth $69,000. 82.09% of the stock is owned by hedge funds and other institutional investors.

Ambarella Stock Performance

Shares of AMBA stock traded down $2.36 on Monday, hitting $75.84. The stock had a trading volume of 696,014 shares, compared to its average volume of 649,977. The stock's 50 day moving average is $76.25 and its 200-day moving average is $64.65. The firm has a market capitalization of $3.16 billion, a price-to-earnings ratio of -19.65 and a beta of 1.66. 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 brokerages recently weighed in on AMBA. Morgan Stanley lifted their target price on Ambarella from $73.00 to $90.00 and gave the company an "overweight" rating in a report on Wednesday, November 27th. Susquehanna lifted their price objective on Ambarella from $95.00 to $100.00 and gave the company a "positive" rating in a research note on Wednesday, January 22nd. Rosenblatt Securities reiterated a "buy" rating and set a $100.00 target price on shares of Ambarella in a report on Friday, December 6th. Stifel Nicolaus raised their price target on shares of Ambarella from $80.00 to $95.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Finally, Craig Hallum boosted their price objective on shares of Ambarella from $85.00 to $90.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $85.42.

Insiders Place Their Bets

In other Ambarella news, COO Chan W. Lee sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $79.15, for a total transaction of $79,150.00. Following the completion of the sale, the chief operating officer now owns 116,918 shares in the company, valued at $9,254,059.70. This trade represents a 0.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Feng-Ming Wang sold 4,296 shares of the company's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $75.41, for a total value of $323,961.36. Following the completion of the transaction, the chief executive officer now directly owns 755,231 shares in the company, valued at approximately $56,951,969.71. The trade was a 0.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,861 shares of company stock worth $1,945,436 in the last quarter. 5.70% of the stock is 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.