Ambarella, Inc. (NASDAQ:AMBA) Shares Sold by Holocene Advisors LP

Holocene Advisors LP lessened its holdings in Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 43.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 34,659 shares of the semiconductor company's stock after selling 26,152 shares during the period. Holocene Advisors LP owned about 0.08% of Ambarella worth $1,955,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Millennium Management LLC raised its position in Ambarella by 7.0% in the second quarter. Millennium Management LLC now owns 1,447,466 shares of the semiconductor company's stock valued at $78,091,000 after purchasing an additional 94,257 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Ambarella by 4.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,353,287 shares of the semiconductor company's stock valued at $76,332,000 after buying an additional 61,387 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Ambarella by 0.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 683,119 shares of the semiconductor company's stock valued at $36,854,000 after buying an additional 2,994 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Ambarella by 7.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 666,286 shares of the semiconductor company's stock worth $37,582,000 after acquiring an additional 43,874 shares in the last quarter. Finally, Marshall Wace LLP boosted its holdings in Ambarella by 69.2% in the 2nd quarter. Marshall Wace LLP now owns 613,346 shares of the semiconductor company's stock worth $33,090,000 after acquiring an additional 250,778 shares during the period. Institutional investors and hedge funds own 82.09% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on AMBA shares. TD Cowen boosted their target price on shares of Ambarella from $65.00 to $75.00 and gave the stock a "hold" rating in a research report on Wednesday, August 28th. Roth Mkm reiterated a "neutral" rating and issued a $60.00 price objective on shares of Ambarella in a report on Wednesday, August 28th. Craig Hallum raised their target price on Ambarella from $85.00 to $90.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Rosenblatt Securities reaffirmed a "buy" rating and set a $100.00 target price on shares of Ambarella in a research report on Friday. Finally, StockNews.com raised Ambarella from a "sell" rating to a "hold" rating in a report on Monday, December 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $82.92.

Ambarella Stock Performance

Shares of NASDAQ AMBA traded up $2.38 during trading on Friday, reaching $71.70. The stock had a trading volume of 526,821 shares, compared to its average volume of 847,092. The stock has a market cap of $2.96 billion, a PE ratio of -18.58 and a beta of 1.68. Ambarella, Inc. has a one year low of $39.69 and a one year high of $81.32. The firm's 50 day moving average price is $60.84 and its two-hundred day moving average price is $56.15.

Insider Buying and Selling at Ambarella

In other Ambarella news, CEO Feng-Ming Wang sold 4,301 shares of the firm's stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $53.54, for a total value of $230,275.54. Following the transaction, the chief executive officer now owns 799,527 shares of the company's stock, valued at $42,806,675.58. This trade represents a 0.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Christopher Day sold 1,278 shares of the company's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $71.61, for a total value of $91,517.58. Following the transaction, the vice president now directly owns 17,188 shares of the company's stock, valued at $1,230,832.68. This trade represents a 6.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,356 shares of company stock worth $859,210 over the last 90 days. Insiders own 5.70% of the company's stock.

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.