Exchange Traded Concepts LLC Sells 85,192 Shares of Ambarella, Inc. (NASDAQ:AMBA)

Exchange Traded Concepts LLC decreased its holdings in shares of Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 23.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 283,961 shares of the semiconductor company's stock after selling 85,192 shares during the period. Exchange Traded Concepts LLC owned 0.68% of Ambarella worth $20,655,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. raised its position in shares of Ambarella by 180.3% in the 3rd quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company's stock worth $27,000 after acquiring an additional 321 shares in the last quarter. 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 worth $37,000 after purchasing an additional 526 shares in the last quarter. Larson Financial Group LLC lifted its position in Ambarella by 6,014.3% during the third quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company's stock valued at $48,000 after buying an additional 842 shares during the period. Truvestments Capital LLC bought a new stake in shares of Ambarella during the 3rd quarter valued at $69,000. Finally, CWM LLC grew its position in shares of Ambarella by 173.6% in the 3rd quarter. CWM LLC now owns 1,483 shares of the semiconductor company's stock worth $84,000 after buying an additional 941 shares during the period. Institutional investors own 82.09% of the company's stock.

Analyst Upgrades and Downgrades

AMBA has been the topic of several research reports. Rosenblatt Securities reissued a "buy" rating and set a $100.00 price objective on shares of Ambarella in a research note on Friday, December 6th. StockNews.com lowered Ambarella from a "hold" rating to a "sell" rating in a research report on Tuesday, December 10th. Stifel Nicolaus boosted their target price on Ambarella from $80.00 to $95.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. Needham & Company LLC raised their price target on Ambarella from $90.00 to $100.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Finally, Northland Securities reiterated an "outperform" rating and issued a $95.00 price target (up previously from $75.00) on shares of Ambarella in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $85.42.

Ambarella Price Performance

Ambarella stock traded down $2.59 during midday trading on Friday, reaching $79.92. 616,066 shares of the company traded hands, compared to its average volume of 735,640. Ambarella, Inc. has a 12 month low of $39.69 and a 12 month high of $85.15. The firm has a market capitalization of $3.33 billion, a price-to-earnings ratio of -20.70 and a beta of 1.66. The business has a 50 day moving average of $71.88 and a two-hundred day moving average of $60.83.

Insider Activity

In other news, Director Hsiao-Wuen Hon sold 377 shares of the company's stock in a transaction on Friday, December 13th. The stock was sold at an average price of $74.15, for a total value of $27,954.55. Following the completion of the sale, the director now directly owns 28,278 shares in the company, valued at $2,096,813.70. This represents a 1.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO Chan W. Lee sold 1,000 shares of the business's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $75.90, for a total value of $75,900.00. Following the sale, the chief operating officer now directly owns 110,918 shares of the company's stock, valued at $8,418,676.20. This represents a 0.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,861 shares of company stock valued at $1,945,436 in the last ninety days. 5.70% of the stock is currently owned by company 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.