William Blair Investment Management LLC Purchases 68,044 Shares of Ambarella, Inc. (NASDAQ:AMBA)

William Blair Investment Management LLC grew its stake in shares of Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 8.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 829,052 shares of the semiconductor company's stock after acquiring an additional 68,044 shares during the quarter. William Blair Investment Management LLC owned about 1.99% of Ambarella worth $60,305,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Skandinaviska Enskilda Banken AB publ increased its stake in Ambarella by 68.7% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company's stock valued at $32,000 after purchasing an additional 184 shares in the last quarter. Larson Financial Group LLC increased its position in shares of Ambarella by 6,014.3% during the third quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company's stock valued at $48,000 after acquiring an additional 842 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in Ambarella in the 4th quarter worth approximately $53,000. R Squared Ltd bought a new position in Ambarella in the 4th quarter valued at approximately $68,000. Finally, Truvestments Capital LLC purchased a new stake in Ambarella during the 3rd quarter valued at $69,000. Hedge funds and other institutional investors own 82.09% of the company's stock.

Ambarella Price Performance

Shares of AMBA stock traded down $0.38 on Friday, hitting $54.26. 1,185,501 shares of the stock traded hands, compared to its average volume of 656,185. Ambarella, Inc. has a 52 week low of $39.69 and a 52 week high of $85.15. The firm has a 50 day simple moving average of $70.24 and a two-hundred day simple moving average of $65.32. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of -14.06 and a beta of 1.78.

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Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AMBA. Susquehanna upped their price target on Ambarella from $95.00 to $100.00 and gave the company a "positive" rating in a report on Wednesday, January 22nd. StockNews.com raised shares of Ambarella from a "sell" rating to a "hold" rating in a report on Friday, February 28th. Morgan Stanley raised their target price on shares of Ambarella from $73.00 to $90.00 and gave the stock an "overweight" rating in a report on Wednesday, November 27th. Bank of America raised shares of Ambarella from an "underperform" rating to a "neutral" rating and set a $80.00 target price for the company in a research report on Monday, December 16th. Finally, Needham & Company LLC increased their price target on Ambarella from $100.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, Ambarella has an average rating of "Moderate Buy" and a consensus price target of $86.67.

Insider Buying and Selling

In other Ambarella news, CEO Feng-Ming Wang sold 3,194 shares of the stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $55.02, for a total transaction of $175,733.88. Following the completion of the sale, the chief executive officer now directly owns 798,311 shares of the company's stock, valued at $43,923,071.22. This trade represents a 0.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Chan W. Lee sold 1,000 shares of the business's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $79.15, for a total transaction of $79,150.00. Following the completion of the transaction, the chief operating officer now directly owns 116,918 shares in the company, valued at $9,254,059.70. This trade represents a 0.85 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,575 shares of company stock worth $1,069,957. 5.70% of the stock is owned by corporate insiders.

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.