Ambarella, Inc. (NASDAQ:AMBA) Shares Acquired by Essex Investment Management Co. LLC

Essex Investment Management Co. LLC increased its holdings in Ambarella, Inc. (NASDAQ:AMBA) by 6.0% during the 4th quarter, HoldingsChannel reports. The fund owned 90,522 shares of the semiconductor company’s stock after acquiring an additional 5,098 shares during the quarter. Ambarella comprises approximately 1.2% of Essex Investment Management Co. LLC’s investment portfolio, making the stock its 15th largest holding. Essex Investment Management Co. LLC’s holdings in Ambarella were worth $6,585,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Arizona State Retirement System lifted its stake in shares of Ambarella by 1.4% in the fourth quarter. Arizona State Retirement System now owns 11,368 shares of the semiconductor company’s stock worth $827,000 after acquiring an additional 156 shares in the last quarter. Pacer Advisors Inc. lifted its stake in shares of Ambarella by 24.2% in the fourth quarter. Pacer Advisors Inc. now owns 965 shares of the semiconductor company’s stock worth $70,000 after acquiring an additional 188 shares in the last quarter. Manchester Capital Management LLC lifted its stake in shares of Ambarella by 21.8% in the fourth 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 in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Ambarella by 5.0% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,003 shares of the semiconductor company’s stock worth $364,000 after acquiring an additional 236 shares in the last quarter. Finally, SWS Partners lifted its stake in shares of Ambarella by 0.4% in the fourth quarter. SWS Partners now owns 67,408 shares of the semiconductor company’s stock worth $4,903,000 after acquiring an additional 247 shares in the last quarter. Institutional investors and hedge funds own 82.09% of the company’s stock.

Ambarella Price Performance

Shares of AMBA stock opened at $53.07 on Friday. Ambarella, Inc. has a 12-month low of $39.69 and a 12-month high of $85.15. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of -13.75 and a beta of 1.78. The business has a 50 day simple moving average of $74.17 and a 200 day simple moving average of $65.45.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AMBA. StockNews.com upgraded Ambarella from a “sell” rating to a “hold” rating in a research note on Friday, February 28th. Needham & Company LLC upped their price objective on Ambarella from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Craig Hallum upped their price objective on Ambarella from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Morgan Stanley upped their price objective on Ambarella from $73.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Finally, Northland Securities restated an “outperform” rating and set a $95.00 price objective (up previously from $75.00) on shares of Ambarella in a research note on Wednesday, November 27th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Ambarella presently has an average rating of “Moderate Buy” and an average target price of $86.67.

Insider Buying and Selling

In related news, COO Chan W. Lee sold 1,000 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $75.90, for a total value of $75,900.00. Following the completion of 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Feng-Ming Wang sold 4,296 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $75.41, for a total value of $323,961.36. Following the completion of the transaction, the chief executive officer now directly owns 755,231 shares of the company’s stock, valued at $56,951,969.71. This trade represents a 0.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,583 shares of company stock valued at $1,853,918 in the last three months. 5.70% of the stock is currently owned by corporate insiders.

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.