Fox Run Management L.L.C. Lowers Holdings in Ambarella, Inc. (NASDAQ:AMBA)

Fox Run Management L.L.C. reduced its stake in shares of Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 49.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,997 shares of the semiconductor company's stock after selling 5,773 shares during the quarter. Fox Run Management L.L.C.'s holdings in Ambarella were worth $436,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ increased its position in shares of Ambarella by 68.7% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company's stock valued at $32,000 after purchasing an additional 184 shares during the last quarter. Larson Financial Group LLC boosted its stake in Ambarella by 6,014.3% during the third quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company's stock worth $48,000 after buying an additional 842 shares during the period. SBI Securities Co. Ltd. bought a new position in Ambarella during the fourth quarter valued at $53,000. R Squared Ltd purchased a new stake in shares of Ambarella in the fourth quarter valued at $68,000. Finally, Truvestments Capital LLC purchased a new stake in shares of Ambarella in the third quarter valued at $69,000. 82.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Ambarella

In other Ambarella news, VP Christopher Day sold 479 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $55.02, for a total value of $26,354.58. Following the completion of the sale, the vice president now directly owns 15,441 shares in the company, valued at $849,563.82. This trade represents a 3.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Chan W. Lee sold 1,000 shares of the company's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $79.15, for a total value of $79,150.00. Following the transaction, the chief operating officer now directly owns 116,918 shares in the company, valued at approximately $9,254,059.70. The trade was a 0.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,575 shares of company stock valued at $987,007. Company insiders own 5.70% of the company's stock.

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Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Stifel Nicolaus increased their price objective on shares of Ambarella from $95.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Susquehanna upped their target price on Ambarella from $95.00 to $100.00 and gave the company a "positive" rating in a research note on Wednesday, January 22nd. StockNews.com raised Ambarella from a "sell" rating to a "hold" rating in a research note on Friday, February 28th. Bank of America raised Ambarella from an "underperform" rating to a "neutral" rating and set a $80.00 price objective on the stock in a research report on Monday, December 16th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $100.00 target price on shares of Ambarella in a research note on Thursday, February 27th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Ambarella currently has a consensus rating of "Moderate Buy" and an average target price of $86.67.

Ambarella Stock Down 3.9 %

NASDAQ:AMBA traded down $2.08 during mid-day trading on Friday, reaching $50.61. The company's stock had a trading volume of 364,805 shares, compared to its average volume of 674,614. Ambarella, Inc. has a 1 year low of $39.69 and a 1 year high of $85.15. The stock has a fifty day moving average of $67.51 and a 200-day moving average of $65.39. The firm has a market capitalization of $2.11 billion, a PE ratio of -13.11 and a beta of 1.78.

Ambarella 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.