Stephens Inc. AR Takes $255,000 Position in Ambarella, Inc. (NASDAQ:AMBA)

Stephens Inc. AR bought a new position in Ambarella, Inc. (NASDAQ:AMBA - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 3,506 shares of the semiconductor company's stock, valued at approximately $255,000.

A number of other institutional investors also recently bought and sold shares of AMBA. CWM LLC grew its position in shares of Ambarella by 173.6% during the third quarter. CWM LLC now owns 1,483 shares of the semiconductor company's stock valued at $84,000 after purchasing an additional 941 shares in the last quarter. Creative Planning grew its position in shares of Ambarella by 144.0% during the third quarter. Creative Planning now owns 14,719 shares of the semiconductor company's stock valued at $830,000 after purchasing an additional 8,687 shares in the last quarter. nVerses Capital LLC purchased a new position in shares of Ambarella during the third quarter valued at about $152,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Ambarella by 6.4% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,767 shares of the semiconductor company's stock valued at $269,000 after purchasing an additional 285 shares in the last quarter. Finally, Blue Trust Inc. grew its position 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. 82.09% of the stock is owned by institutional investors.

Ambarella Price Performance

Shares of NASDAQ:AMBA traded up $0.77 during trading hours on Wednesday, hitting $82.94. 666,366 shares of the company's stock traded hands, compared to its average volume of 651,552. Ambarella, Inc. has a 1 year low of $39.69 and a 1 year high of $85.15. The business has a fifty day moving average price of $75.99 and a 200-day moving average price of $63.72. The firm has a market capitalization of $3.46 billion, a P/E ratio of -21.49 and a beta of 1.66.

Insider Buying and Selling at Ambarella

In other news, VP Christopher Day sold 1,278 shares of Ambarella stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $71.61, for a total transaction of $91,517.58. Following the completion of the sale, the vice president now owns 17,188 shares of the company's stock, valued at approximately $1,230,832.68. The trade was a 6.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Chan W. Lee sold 1,488 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 $112,210.08. Following the sale, the chief operating officer now directly owns 119,918 shares of the company's stock, valued at $9,043,016.38. This represents a 1.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,861 shares of company stock worth $1,945,436 over the last 90 days. Company insiders own 5.70% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AMBA. Susquehanna raised 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. Bank of America upgraded Ambarella from an "underperform" rating to a "neutral" rating and set a $80.00 price objective for the company in a research report on Monday, December 16th. Rosenblatt Securities restated a "buy" rating and set a $100.00 price objective on shares of Ambarella in a research report on Friday, December 6th. Craig Hallum lifted their price target on Ambarella from $85.00 to $90.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Finally, Needham & Company LLC lifted their price target on Ambarella from $90.00 to $100.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $85.42.

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.