Robeco Schweiz AG Sells 8,880 Shares of Ambarella, Inc. (NASDAQ:AMBA)

Robeco Schweiz AG cut its holdings in Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 3.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 274,920 shares of the semiconductor company's stock after selling 8,880 shares during the quarter. Robeco Schweiz AG owned approximately 0.66% of Ambarella worth $19,998,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Blue Trust Inc. increased its stake in shares of Ambarella by 180.3% during the third quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company's stock valued at $27,000 after purchasing an additional 321 shares in the last quarter. Signaturefd LLC raised its stake in Ambarella by 389.6% during the third quarter. Signaturefd LLC now owns 661 shares of the semiconductor company's stock valued at $37,000 after buying an additional 526 shares during the last quarter. Larson Financial Group LLC boosted its holdings in Ambarella by 6,014.3% in the third quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company's stock worth $48,000 after acquiring an additional 842 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Ambarella in the fourth quarter worth $68,000. Finally, Pacer Advisors Inc. increased its holdings in shares of Ambarella by 24.2% during the fourth quarter. Pacer Advisors Inc. now owns 965 shares of the semiconductor company's stock valued at $70,000 after acquiring an additional 188 shares in the last quarter. 82.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AMBA has been the topic of several recent analyst reports. Rosenblatt Securities reissued a "buy" rating and set a $100.00 price objective on shares of Ambarella in a research report on Thursday. Craig Hallum upped their target price on shares of Ambarella from $85.00 to $90.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. Northland Securities reissued an "outperform" rating and set a $95.00 price target (up previously from $75.00) on shares of Ambarella in a research report on Wednesday, November 27th. Morgan Stanley upped their price objective on Ambarella from $73.00 to $90.00 and gave the company an "overweight" rating in a research report on Wednesday, November 27th. Finally, Needham & Company LLC lifted their target price on Ambarella from $100.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $86.67.

Ambarella Price Performance

Shares of AMBA traded down $1.40 during trading hours on Friday, hitting $61.43. The stock had a trading volume of 1,958,405 shares, compared to its average volume of 822,276. Ambarella, Inc. has a 12 month low of $39.69 and a 12 month high of $85.15. The firm has a market capitalization of $2.56 billion, a PE ratio of -15.91 and a beta of 1.66. The stock has a fifty day moving average price of $76.07 and a 200 day moving average price of $65.18.

Insiders Place Their Bets

In other Ambarella news, CEO Feng-Ming Wang sold 4,296 shares of Ambarella stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $75.41, for a total transaction of $323,961.36. Following the transaction, the chief executive officer now owns 755,231 shares of the company's stock, valued at $56,951,969.71. The trade was a 0.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Chan W. Lee sold 1,000 shares of the company's stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $75.90, for a total transaction of $75,900.00. Following the completion of the transaction, the chief operating officer now owns 110,918 shares of the company's stock, valued at approximately $8,418,676.20. The trade was a 0.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,861 shares of company stock worth $1,945,436. Company insiders own 5.70% of the company's stock.

About Ambarella

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.