Fmr LLC Purchases 11,110 Shares of Ambarella, Inc. (NASDAQ:AMBA)

FMR LLC boosted its holdings in Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 185.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 17,102 shares of the semiconductor company's stock after buying an additional 11,110 shares during the quarter. FMR LLC's holdings in Ambarella were worth $965,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Meeder Asset Management Inc. bought a new position in shares of Ambarella during the 2nd quarter valued at $26,000. Blue Trust Inc. raised its holdings in Ambarella by 180.3% in the 3rd quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company's stock valued at $27,000 after acquiring an additional 321 shares in the last quarter. CWM LLC lifted its position in Ambarella by 127.7% in the second quarter. CWM LLC now owns 542 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 304 shares during the period. Signaturefd LLC boosted its position in shares of Ambarella by 389.6% during the 3rd quarter. Signaturefd LLC now owns 661 shares of the semiconductor company's stock valued at $37,000 after acquiring an additional 526 shares in the last quarter. Finally, Larson Financial Group LLC grew its stake 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 period. Institutional investors and hedge funds own 82.09% of the company's stock.

Insider Transactions at Ambarella

In other Ambarella news, Director Hsiao-Wuen Hon sold 377 shares of Ambarella stock in a transaction that occurred 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 transaction, the director now directly owns 28,278 shares of the company's stock, valued at $2,096,813.70. The trade was a 1.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Elizabeth M. Schwarting sold 913 shares of the stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $54.74, for a total transaction of $49,977.62. Following the sale, the director now owns 8,155 shares of the company's stock, valued at approximately $446,404.70. This represents a 10.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,590 shares of company stock valued at $725,366. 5.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on AMBA shares. Bank of America raised Ambarella from an "underperform" rating to a "neutral" rating and set a $80.00 target price on the stock in a report on Monday. Rosenblatt Securities reaffirmed a "buy" rating and issued a $100.00 price objective on shares of Ambarella in a research note on Friday, December 6th. Stifel Nicolaus upped their price target on Ambarella from $80.00 to $95.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. StockNews.com downgraded shares of Ambarella from a "hold" rating to a "sell" rating in a report on Tuesday, December 10th. Finally, Needham & Company LLC boosted their price objective on shares of Ambarella from $90.00 to $100.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $84.17.

Ambarella Price Performance

NASDAQ:AMBA traded down $2.39 on Tuesday, reaching $73.83. 487,262 shares of the company's stock were exchanged, compared to its average volume of 607,439. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of -18.89 and a beta of 1.68. The stock has a fifty day simple moving average of $62.94 and a 200-day simple moving average of $57.20. Ambarella, Inc. has a 52 week low of $39.69 and a 52 week high of $81.32.

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.