State of New Jersey Common Pension Fund D Has $2.59 Million Position in Ambarella, Inc. (NASDAQ:AMBA)

State of New Jersey Common Pension Fund D decreased its stake in shares of Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 8.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,561 shares of the semiconductor company's stock after selling 3,219 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.09% of Ambarella worth $2,587,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in AMBA. Blue Trust Inc. increased its position in shares of Ambarella by 180.3% during the 3rd quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company's stock worth $27,000 after purchasing an additional 321 shares during the last quarter. Signaturefd LLC increased its position in shares of Ambarella by 389.6% during the 3rd quarter. Signaturefd LLC now owns 661 shares of the semiconductor company's stock worth $37,000 after purchasing an additional 526 shares during the last quarter. Larson Financial Group LLC increased its position in shares of Ambarella by 6,014.3% during the 3rd quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company's stock worth $48,000 after purchasing an additional 842 shares during the last quarter. R Squared Ltd acquired a new position in shares of Ambarella during the 4th quarter worth approximately $68,000. Finally, Truvestments Capital LLC acquired a new position in shares of Ambarella during the 3rd quarter worth approximately $69,000. Institutional investors and hedge funds own 82.09% of the company's stock.

Ambarella Stock Down 3.0 %

Shares of NASDAQ:AMBA traded down $2.36 during trading on Monday, reaching $75.84. 696,014 shares of the company traded hands, compared to its average volume of 649,977. The company's 50 day moving average is $76.25 and its two-hundred day moving average is $64.65. The firm has a market capitalization of $3.16 billion, a PE ratio of -19.65 and a beta of 1.66. Ambarella, Inc. has a 52 week low of $39.69 and a 52 week high of $85.15.

Insider Activity

In other news, VP Chi-Hong Ju sold 5,118 shares of the business's stock in a transaction on Monday, December 9th. The stock was sold at an average price of $75.71, for a total transaction of $387,483.78. Following the completion of the transaction, the vice president now owns 158,686 shares of the company's stock, valued at approximately $12,014,117.06. The trade was a 3.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Chan W. Lee sold 1,000 shares of the business's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $75.90, for a total value of $75,900.00. Following the transaction, the chief operating officer now directly owns 110,918 shares of the company's stock, valued at $8,418,676.20. This trade represents a 0.89 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 25,861 shares of company stock worth $1,945,436. 5.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AMBA. Rosenblatt Securities reiterated a "buy" rating and set a $100.00 target price on shares of Ambarella in a research note on Friday, December 6th. StockNews.com downgraded Ambarella from a "hold" rating to a "sell" rating in a research note on Tuesday, December 10th. Craig Hallum lifted their target price on Ambarella from $85.00 to $90.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. Morgan Stanley lifted their target price on Ambarella from $73.00 to $90.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 27th. Finally, Needham & Company LLC lifted their target price on Ambarella from $90.00 to $100.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $85.42.

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.