5,292 Shares in Ambarella, Inc. (NASDAQ:AMBA) Acquired by Chesapeake Capital Corp IL

Chesapeake Capital Corp IL purchased a new position in Ambarella, Inc. (NASDAQ:AMBA) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 5,292 shares of the semiconductor company’s stock, valued at approximately $385,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Ambarella by 68.7% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 184 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Ambarella in the 4th quarter valued at approximately $53,000. Larson Financial Group LLC lifted its stake in Ambarella by 6,014.3% in the 3rd quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company’s stock valued at $48,000 after buying an additional 842 shares in the last quarter. R Squared Ltd purchased a new stake in Ambarella in the 4th quarter valued at approximately $68,000. Finally, Pacer Advisors Inc. lifted its stake in Ambarella by 24.2% in the 4th quarter. Pacer Advisors Inc. now owns 965 shares of the semiconductor company’s stock valued at $70,000 after buying an additional 188 shares in the last quarter. Institutional investors and hedge funds own 82.09% of the company’s stock.

Insider Buying and Selling

In related news, VP Christopher Day sold 1,247 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $78.10, for a total value of $97,390.70. Following the completion of the sale, the vice president now directly owns 14,530 shares in the company, valued at approximately $1,134,793. This represents a 7.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Chan W. Lee sold 1,000 shares of the stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $73.48, for a total value of $73,480.00. Following the completion of the sale, the chief operating officer now owns 114,918 shares of the company’s stock, valued at approximately $8,444,174.64. This represents a 0.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,747 shares of company stock valued at $584,241. 5.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

AMBA has been the topic of a number of recent research reports. Northland Securities reaffirmed an “outperform” rating and issued a $95.00 target price (up previously from $75.00) on shares of Ambarella in a research note on Wednesday, November 27th. StockNews.com raised Ambarella from a “sell” rating to a “hold” rating in a research note on Friday, February 28th. Susquehanna upped their target price on Ambarella from $95.00 to $100.00 and gave the company a “positive” rating in a research note on Wednesday, January 22nd. Stifel Nicolaus increased their price target on Ambarella from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Finally, Needham & Company LLC increased their price target on Ambarella from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Ambarella has an average rating of “Moderate Buy” and a consensus target price of $86.67.

Ambarella Trading Down 4.0 %

Shares of AMBA opened at $53.79 on Wednesday. The firm has a market capitalization of $2.24 billion, a P/E ratio of -13.94 and a beta of 1.78. The stock’s fifty day simple moving average is $71.09 and its 200 day simple moving average is $65.47. Ambarella, Inc. has a twelve month low of $39.69 and a twelve month high of $85.15.

About Ambarella

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.