SWS Partners Boosts Stock Position in Ambarella, Inc. (NASDAQ:AMBA)

SWS Partners raised its position in Ambarella, Inc. (NASDAQ:AMBA) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,408 shares of the semiconductor company’s stock after purchasing an additional 247 shares during the period. Ambarella comprises about 1.5% of SWS Partners’ investment portfolio, making the stock its 14th largest position. SWS Partners owned about 0.16% of Ambarella worth $4,903,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Point72 Asset Management L.P. boosted its position in Ambarella by 70.0% during the third quarter. Point72 Asset Management L.P. now owns 862,084 shares of the semiconductor company’s stock worth $48,626,000 after acquiring an additional 355,078 shares during the last quarter. Barclays PLC boosted its holdings in shares of Ambarella by 281.3% during the third quarter. Barclays PLC now owns 388,090 shares of the semiconductor company’s stock worth $21,891,000 after purchasing an additional 286,296 shares during the last quarter. Lord Abbett & CO. LLC acquired a new position in Ambarella in the third quarter valued at $3,905,000. The Manufacturers Life Insurance Company lifted its position in Ambarella by 4.8% during the third quarter. The Manufacturers Life Insurance Company now owns 1,353,287 shares of the semiconductor company’s stock worth $76,332,000 after buying an additional 61,387 shares during the period. Finally, State Street Corp grew its holdings in Ambarella by 2.6% in the 3rd quarter. State Street Corp now owns 1,924,235 shares of the semiconductor company’s stock valued at $108,536,000 after buying an additional 47,856 shares during the period. 82.09% of the stock is owned by institutional investors and hedge funds.

Ambarella Trading Down 7.5 %

AMBA opened at $56.81 on Tuesday. Ambarella, Inc. has a twelve month low of $39.69 and a twelve month high of $85.15. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of -14.72 and a beta of 1.66. The company has a fifty day simple moving average of $75.74 and a 200 day simple moving average of $65.39.

Insider Buying and Selling at Ambarella

In related news, VP Christopher Day sold 482 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $75.41, for a total value of $36,347.62. Following the sale, the vice president now directly owns 16,706 shares of the company’s stock, valued at $1,259,799.46. This represents a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Chi-Hong Ju sold 5,118 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $75.71, for a total transaction of $387,483.78. Following the transaction, the vice president now directly owns 158,686 shares of the company’s stock, valued at approximately $12,014,117.06. This represents a 3.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,583 shares of company stock valued at $1,853,918 in the last ninety days. Insiders own 5.70% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AMBA. Morgan Stanley boosted their price objective on shares of Ambarella from $73.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. StockNews.com raised Ambarella from a “sell” rating to a “hold” rating in a research report on Friday. Stifel Nicolaus raised their price objective on Ambarella from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Susquehanna boosted their target price on Ambarella from $95.00 to $100.00 and gave the stock a “positive” rating in a report on Wednesday, January 22nd. Finally, Rosenblatt Securities restated a “buy” rating and issued a $100.00 price target on shares of Ambarella in a report on Thursday, February 27th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Ambarella presently has a consensus rating of “Moderate Buy” and a consensus target price 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.