Semanteon Capital Management LP Invests $386,000 in Ambarella, Inc. (NASDAQ:AMBA)

Semanteon Capital Management LP purchased a new position in shares of Ambarella, Inc. (NASDAQ:AMBA - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 5,309 shares of the semiconductor company's stock, valued at approximately $386,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Point72 Asset Management L.P. lifted its holdings in shares of Ambarella by 70.0% in the 3rd quarter. Point72 Asset Management L.P. now owns 862,084 shares of the semiconductor company's stock valued at $48,626,000 after purchasing an additional 355,078 shares during the last quarter. Barclays PLC raised its position in Ambarella by 281.3% in the 3rd quarter. Barclays PLC now owns 388,090 shares of the semiconductor company's stock valued at $21,891,000 after purchasing an additional 286,296 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Ambarella by 34.8% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 305,395 shares of the semiconductor company's stock worth $22,214,000 after purchasing an additional 78,893 shares during the period. Lord Abbett & CO. LLC purchased a new position in Ambarella during the 3rd quarter worth $3,905,000. Finally, William Blair Investment Management LLC boosted its stake in shares of Ambarella by 8.9% during the fourth quarter. William Blair Investment Management LLC now owns 829,052 shares of the semiconductor company's stock worth $60,305,000 after buying an additional 68,044 shares during the period. 82.09% of the stock is owned by hedge funds and other institutional investors.

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Ambarella Stock Performance

Shares of AMBA traded down $1.81 during trading hours on Wednesday, hitting $53.94. The stock had a trading volume of 439,648 shares, compared to its average volume of 655,325. Ambarella, Inc. has a 12-month low of $39.69 and a 12-month high of $85.15. The firm has a market cap of $2.25 billion, a P/E ratio of -13.97 and a beta of 1.78. The company's fifty day simple moving average is $69.07 and its 200 day simple moving average is $65.46.

Insider Buying and Selling

In other news, COO Chan W. Lee sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $79.15, for a total transaction of $79,150.00. Following the completion of the sale, the chief operating officer now owns 116,918 shares of the company's stock, valued at approximately $9,254,059.70. This trade represents a 0.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Christopher Day sold 1,247 shares of the company's stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $78.10, for a total transaction of $97,390.70. Following the completion of the sale, the vice president now directly owns 14,530 shares in the company, valued at $1,134,793. This represents a 7.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 16,575 shares of company stock valued at $1,069,957. Company insiders own 5.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Stifel Nicolaus increased their price objective on Ambarella from $95.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Northland Securities reaffirmed an "outperform" rating and set a $95.00 price target (up from $75.00) on shares of Ambarella in a report on Wednesday, November 27th. Rosenblatt Securities reissued a "buy" rating and issued a $100.00 price target on shares of Ambarella in a report on Thursday, February 27th. StockNews.com upgraded shares of Ambarella from a "sell" rating to a "hold" rating in a research report on Friday, February 28th. Finally, Bank of America upgraded shares of Ambarella from an "underperform" rating to a "neutral" rating and set a $80.00 price target on the stock in a research report on Monday, December 16th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $86.67.

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.