Thrivent Financial for Lutherans Lowers Stock Position in Ambarella, Inc. (NASDAQ:AMBA)

Thrivent Financial for Lutherans lowered its position in Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 28.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,532 shares of the semiconductor company's stock after selling 8,759 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.05% of Ambarella worth $1,566,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. State Street Corp lifted its position in shares of Ambarella by 2.6% in the 3rd quarter. State Street Corp now owns 1,924,235 shares of the semiconductor company's stock worth $108,536,000 after purchasing an additional 47,856 shares during the period. Geode Capital Management LLC increased its holdings in Ambarella by 1.6% during the third quarter. Geode Capital Management LLC now owns 916,757 shares of the semiconductor company's stock valued at $51,719,000 after buying an additional 14,568 shares during the period. Point72 Asset Management L.P. raised its stake in Ambarella by 70.0% in the third 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 in the last quarter. William Blair Investment Management LLC boosted its position in Ambarella by 8.9% during the 4th quarter. William Blair Investment Management LLC now owns 829,052 shares of the semiconductor company's stock valued at $60,305,000 after acquiring an additional 68,044 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Ambarella by 7.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 666,286 shares of the semiconductor company's stock valued at $37,582,000 after acquiring an additional 43,874 shares in the last quarter. 82.09% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In other Ambarella news, CEO Feng-Ming Wang sold 3,194 shares of the stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $55.02, for a total transaction of $175,733.88. Following the sale, the chief executive officer now directly owns 798,311 shares of the company's stock, valued at approximately $43,923,071.22. This trade represents a 0.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christopher B. Paisley sold 500 shares of the company's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $55.50, for a total value of $27,750.00. Following the completion of the sale, the director now owns 40,281 shares in the company, valued at $2,235,595.50. The trade was a 1.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,575 shares of company stock valued at $987,007 over the last quarter. 5.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

AMBA has been the subject of a number of analyst reports. Needham & Company LLC upped their price objective on Ambarella from $100.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. StockNews.com upgraded shares of Ambarella from a "sell" rating to a "hold" rating in a report on Friday, February 28th. Bank of America upgraded shares of 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. Stifel Nicolaus raised their target price on shares of Ambarella from $95.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Finally, Susquehanna upped their price target on Ambarella from $95.00 to $100.00 and gave the stock a "positive" rating in a research report on Wednesday, January 22nd. Five 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $86.67.

Ambarella Price Performance

AMBA traded down $6.10 on Thursday, reaching $45.29. 1,128,917 shares of the stock were exchanged, compared to its average volume of 676,584. The company's 50-day moving average price is $64.91 and its 200 day moving average price is $65.21. The firm has a market capitalization of $1.89 billion, a PE ratio of -11.73 and a beta of 1.78. Ambarella, Inc. has a fifty-two week low of $39.69 and a fifty-two week high of $85.15.

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.