Ambarella, Inc. (NASDAQ:AMBA) Stock Holdings Reduced by Marshall Wace LLP

Marshall Wace LLP lessened its holdings in shares of Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 63.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 202,426 shares of the semiconductor company's stock after selling 353,588 shares during the period. Marshall Wace LLP owned approximately 0.49% of Ambarella worth $14,724,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Mariner LLC increased its holdings in shares of Ambarella by 8.2% in the 4th quarter. Mariner LLC now owns 6,098 shares of the semiconductor company's stock valued at $444,000 after purchasing an additional 460 shares in the last quarter. Summit Investment Advisors Inc. grew its holdings in shares of Ambarella by 4.2% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,964 shares of the semiconductor company's stock worth $288,000 after acquiring an additional 161 shares during the period. Sterling Capital Management LLC increased its stake in Ambarella by 629.3% in the 4th quarter. Sterling Capital Management LLC now owns 598 shares of the semiconductor company's stock valued at $43,000 after purchasing an additional 516 shares in the last quarter. Neuberger Berman Group LLC boosted its position in Ambarella by 44.8% during the fourth quarter. Neuberger Berman Group LLC now owns 50,744 shares of the semiconductor company's stock worth $3,691,000 after purchasing an additional 15,709 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in Ambarella in the fourth quarter valued at $3,128,000. Hedge funds and other institutional investors own 82.09% of the company's stock.

Insiders Place Their Bets

In other news, Director Christopher B. Paisley sold 500 shares of Ambarella stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $55.50, for a total value of $27,750.00. Following the completion of the transaction, the director now directly owns 40,281 shares of the company's stock, valued at approximately $2,235,595.50. The trade was a 1.23 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Christopher Day sold 479 shares of the stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $55.02, for a total transaction of $26,354.58. Following the completion of the sale, the vice president now directly owns 15,441 shares in the company, valued at approximately $849,563.82. This trade represents a 3.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,328 shares of company stock worth $513,467 in the last 90 days. 5.70% of the stock is owned by company insiders.

Ambarella Price Performance

AMBA stock traded up $2.07 during trading on Wednesday, reaching $43.02. 906,187 shares of the stock traded hands, compared to its average volume of 697,297. The firm has a market capitalization of $1.83 billion, a PE ratio of -11.15 and a beta of 1.86. The business's 50 day moving average price is $55.04 and its 200-day moving average price is $63.97. Ambarella, Inc. has a 52-week low of $38.86 and a 52-week high of $85.15.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AMBA. Stifel Nicolaus lowered their price objective on shares of Ambarella from $100.00 to $80.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Rosenblatt Securities reissued a "buy" rating and set a $100.00 price objective on shares of Ambarella in a research note on Thursday, February 27th. StockNews.com raised Ambarella from a "sell" rating to a "hold" rating in a research note on Friday, February 28th. Needham & Company LLC raised their price target on Ambarella from $100.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Finally, Susquehanna upped their price objective on Ambarella from $95.00 to $100.00 and gave the company a "positive" rating in a research report on Wednesday, January 22nd. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Ambarella presently has an average rating of "Moderate Buy" and an average price target of $85.00.

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.