Winslow Asset Management Inc. Invests $320,000 in Ambarella, Inc. (NASDAQ:AMBA)

Winslow Asset Management Inc. purchased a new position in Ambarella, Inc. (NASDAQ:AMBA - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,395 shares of the semiconductor company's stock, valued at approximately $320,000.

Several other institutional investors have also added to or reduced their stakes in the business. Tributary Capital Management LLC increased its stake in shares of Ambarella by 15.4% in the fourth quarter. Tributary Capital Management LLC now owns 287,565 shares of the semiconductor company's stock worth $20,917,000 after buying an additional 38,380 shares during the period. Dynamic Technology Lab Private Ltd increased its position in shares of Ambarella by 592.2% in the third quarter. Dynamic Technology Lab Private Ltd now owns 25,883 shares of the semiconductor company's stock valued at $1,460,000 after acquiring an additional 22,144 shares during the period. Asset Management One Co. Ltd. purchased a new position in shares of Ambarella in the fourth quarter valued at about $553,000. Mirabella Financial Services LLP bought a new position in shares of Ambarella during the third quarter valued at about $1,530,000. Finally, FMR LLC boosted its holdings in shares of Ambarella by 185.4% during the third quarter. FMR LLC now owns 17,102 shares of the semiconductor company's stock worth $965,000 after purchasing an additional 11,110 shares during the period. 82.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AMBA has been the subject of a number of recent analyst reports. Stifel Nicolaus upped their price target on Ambarella from $95.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday. Susquehanna upped their target price on Ambarella from $95.00 to $100.00 and gave the company a "positive" rating in a report on Wednesday, January 22nd. Needham & Company LLC raised their price target on Ambarella from $100.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday. Rosenblatt Securities reissued a "buy" rating and set a $100.00 price objective on shares of Ambarella in a research report on Thursday. Finally, Craig Hallum raised their target price on shares of Ambarella from $85.00 to $90.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $86.67.

Insider Activity

In other Ambarella news, COO Chan W. Lee sold 1,000 shares of the 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 sale, the chief operating officer now directly owns 116,918 shares in the company, valued at approximately $9,254,059.70. This trade represents a 0.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Chi-Hong Ju sold 5,118 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $75.71, for a total value of $387,483.78. Following the sale, the vice president now directly owns 158,686 shares in the company, valued at $12,014,117.06. This trade represents a 3.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,583 shares of company stock worth $1,853,918. Insiders own 5.70% of the company's stock.

Ambarella Price Performance

NASDAQ:AMBA traded down $4.62 during mid-day trading on Monday, hitting $56.81. 1,556,419 shares of the company's stock were exchanged, compared to its average volume of 840,639. The company has a market cap of $2.37 billion, a PE ratio of -14.72 and a beta of 1.66. Ambarella, Inc. has a one year low of $39.69 and a one year high of $85.15. The business has a fifty day moving average price of $76.07 and a 200 day moving average price of $65.32.

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.