Prakash Investment Advisors LLC Invests $291,000 in Ambarella, Inc. (NASDAQ:AMBA)

Prakash Investment Advisors LLC bought a new position in Ambarella, Inc. (NASDAQ:AMBA - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 4,000 shares of the semiconductor company's stock, valued at approximately $291,000.

Several other institutional investors have also modified their holdings of AMBA. Point72 Asset Management L.P. increased its holdings in shares of Ambarella by 70.0% during the 3rd quarter. Point72 Asset Management L.P. now owns 862,084 shares of the semiconductor company's stock worth $48,626,000 after buying an additional 355,078 shares during the last quarter. Barclays PLC increased its stake in Ambarella by 281.3% during the third quarter. Barclays PLC now owns 388,090 shares of the semiconductor company's stock worth $21,891,000 after acquiring an additional 286,296 shares during the last quarter. Stephens Investment Management Group LLC raised its position in Ambarella by 20.1% in the third quarter. Stephens Investment Management Group LLC now owns 501,036 shares of the semiconductor company's stock valued at $28,261,000 after purchasing an additional 83,752 shares during the period. Lord Abbett & CO. LLC acquired a new position in shares of Ambarella in the 3rd quarter valued at $3,905,000. Finally, The Manufacturers Life Insurance Company grew 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 worth $76,332,000 after purchasing an additional 61,387 shares during the period. Hedge funds and other institutional investors own 82.09% of the company's stock.

Insider Activity at Ambarella

In other news, CEO Feng-Ming Wang sold 4,296 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $75.41, for a total value of $323,961.36. Following the transaction, the chief executive officer now owns 755,231 shares in the company, valued at approximately $56,951,969.71. This represents a 0.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Christopher Day sold 1,278 shares of the firm's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $71.61, for a total value of $91,517.58. Following the sale, the vice president now directly owns 17,188 shares in the company, valued at $1,230,832.68. This trade represents a 6.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,861 shares of company stock valued at $1,945,436 over the last 90 days. 5.70% of the stock is owned by corporate insiders.

Ambarella Stock Down 2.6 %

NASDAQ AMBA traded down $2.01 during trading hours on Tuesday, hitting $73.84. 366,327 shares of the company were exchanged, compared to its average volume of 641,877. The company has a 50 day moving average of $76.25 and a two-hundred day moving average of $64.65. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of -19.11 and a beta of 1.66. Ambarella, Inc. has a 52-week low of $39.69 and a 52-week high of $85.15.

Analyst Ratings Changes

AMBA has been the topic of several research analyst reports. Needham & Company LLC boosted their price objective on shares of Ambarella from $90.00 to $100.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Stifel Nicolaus increased their price objective on shares of Ambarella from $80.00 to $95.00 and gave the stock a "buy" rating in a research report 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. Susquehanna upped their price target on Ambarella from $95.00 to $100.00 and gave the stock a "positive" rating in a research note on Wednesday, January 22nd. Finally, Bank of America raised Ambarella from an "underperform" rating to a "neutral" rating and set a $80.00 price objective for the company in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Ambarella currently has a consensus rating of "Moderate Buy" and an average price target of $85.42.

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.