Y Intercept Hong Kong Ltd Sells 4,781 Shares of Ambarella, Inc. (NASDAQ:AMBA)

Y Intercept Hong Kong Ltd lessened its position in shares of Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 38.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,792 shares of the semiconductor company's stock after selling 4,781 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Ambarella were worth $567,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in AMBA. Pacer Advisors Inc. grew its position in shares of Ambarella by 24.2% during the 4th quarter. Pacer Advisors Inc. now owns 965 shares of the semiconductor company's stock worth $70,000 after buying an additional 188 shares during the period. Manchester Capital Management LLC boosted its stake in Ambarella by 21.8% during the 4th quarter. Manchester Capital Management LLC now owns 1,175 shares of the semiconductor company's stock worth $85,000 after acquiring an additional 210 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Ambarella by 5.0% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,003 shares of the semiconductor company's stock valued at $364,000 after purchasing an additional 236 shares during the period. Versor Investments LP increased its stake in Ambarella by 5.9% in the third quarter. Versor Investments LP now owns 4,619 shares of the semiconductor company's stock valued at $261,000 after purchasing an additional 256 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in Ambarella by 180.3% in the third quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company's stock worth $27,000 after purchasing an additional 321 shares during the period. Institutional investors own 82.09% of the company's stock.

Ambarella Price Performance

AMBA stock traded down $4.62 during midday trading on Monday, hitting $56.81. The company's stock had a trading volume of 1,556,419 shares, compared to its average volume of 840,639. The company's fifty day moving average price is $76.07 and its 200 day moving average price is $65.32. Ambarella, Inc. has a twelve month low of $39.69 and a twelve month high of $85.15. The stock has a market capitalization of $2.37 billion, a P/E ratio of -14.72 and a beta of 1.66.

Insider Buying and Selling at Ambarella

In other Ambarella news, COO Chan W. Lee sold 1,000 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $75.90, for a total value of $75,900.00. Following the transaction, the chief operating officer now directly owns 110,918 shares of the company's stock, valued at $8,418,676.20. This represents a 0.89 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Chi-Hong Ju sold 5,118 shares of the business's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $75.71, for a total value of $387,483.78. Following the sale, the vice president now owns 158,686 shares of the company's stock, valued at approximately $12,014,117.06. This represents a 3.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 24,583 shares of company stock worth $1,853,918 over the last ninety days. 5.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. 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 report on Monday, December 16th. Susquehanna increased their price target on Ambarella from $95.00 to $100.00 and gave the stock a "positive" rating in a report on Wednesday, January 22nd. Needham & Company LLC lifted their price objective on Ambarella from $100.00 to $110.00 and gave the company a "buy" rating in a report on Thursday. Rosenblatt Securities reiterated a "buy" rating and issued a $100.00 price objective on shares of Ambarella in a research report on Thursday. Finally, 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. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $86.67.

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.