Ambarella, Inc. (NASDAQ:AMBA) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 7.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 666,286 shares of the semiconductor company's stock after purchasing an additional 43,874 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 1.61% of Ambarella worth $37,582,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dynamic Technology Lab Private Ltd increased its stake in shares of Ambarella by 592.2% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 25,883 shares of the semiconductor company's stock valued at $1,460,000 after purchasing an additional 22,144 shares in the last quarter. Mirabella Financial Services LLP purchased a new stake in Ambarella during the 3rd quarter worth approximately $1,530,000. SWS Partners increased its stake in Ambarella by 25.3% during the 2nd quarter. SWS Partners now owns 79,522 shares of the semiconductor company's stock worth $4,290,000 after buying an additional 16,049 shares in the last quarter. Millennium Management LLC increased its stake in Ambarella by 7.0% during the 2nd quarter. Millennium Management LLC now owns 1,447,466 shares of the semiconductor company's stock worth $78,091,000 after buying an additional 94,257 shares in the last quarter. Finally, Larson Financial Group LLC increased its stake in 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 buying an additional 842 shares in the last quarter. Hedge funds and other institutional investors own 82.09% of the company's stock.

Ambarella Price Performance

AMBA traded up $1.67 during trading hours on Wednesday, reaching $71.84. The company's stock had a trading volume of 1,566,201 shares, compared to its average volume of 776,673. Ambarella, Inc. has a fifty-two week low of $39.69 and a fifty-two week high of $81.32. The stock has a market cap of $2.96 billion, a PE ratio of -18.61 and a beta of 1.68. The business's 50-day moving average is $59.95 and its 200-day moving average is $55.75.

Insider Activity at Ambarella

In other Ambarella news, Director Elizabeth M. Schwarting sold 913 shares of the company's stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $54.74, for a total transaction of $49,977.62. Following the transaction, the director now directly owns 8,155 shares in the company, valued at $446,404.70. This represents a 10.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Christopher Day sold 483 shares of the company's stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $53.54, for a total value of $25,859.82. Following the transaction, the vice president now owns 21,370 shares in the company, valued at $1,144,149.80. This trade represents a 2.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,356 shares of company stock worth $859,210. Insiders own 5.70% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on AMBA shares. Needham & Company LLC boosted their price objective on Ambarella from $90.00 to $100.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. Westpark Capital reiterated a "buy" rating and set a $85.00 price objective on shares of Ambarella in a research note on Monday, August 26th. Northland Securities restated an "outperform" rating and issued a $95.00 price target (up from $75.00) on shares of Ambarella in a research report on Wednesday, November 27th. TD Cowen upped their price target on Ambarella from $65.00 to $75.00 and gave the company a "hold" rating in a research report on Wednesday, August 28th. Finally, Stifel Nicolaus upped their price target on Ambarella from $80.00 to $95.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $81.67.

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.