Y Intercept Hong Kong Ltd Purchases 1,002 Shares of Ambarella, Inc. (NASDAQ:AMBA)

Y Intercept Hong Kong Ltd boosted its position in Ambarella, Inc. (NASDAQ:AMBA) by 8.7% during the third quarter, Holdings Channel.com reports. The fund owned 12,573 shares of the semiconductor company’s stock after acquiring an additional 1,002 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Ambarella were worth $709,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Azzad Asset Management Inc. ADV boosted its holdings in shares of Ambarella by 2.4% during the second quarter. Azzad Asset Management Inc. ADV now owns 9,983 shares of the semiconductor company’s stock worth $539,000 after purchasing an additional 231 shares during the period. Versor Investments LP raised its position in Ambarella by 5.9% during the 3rd 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 during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Ambarella by 6.4% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,767 shares of the semiconductor company’s stock worth $269,000 after buying an additional 285 shares during the period. CWM LLC grew its position in shares of Ambarella by 127.7% in the 2nd quarter. CWM LLC now owns 542 shares of the semiconductor company’s stock worth $29,000 after buying an additional 304 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in shares of Ambarella by 180.3% during the third quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 321 shares during the period. Hedge funds and other institutional investors own 82.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AMBA. Northland Securities reiterated an “outperform” rating and issued a $95.00 price target (up previously from $75.00) on shares of Ambarella in a report on Wednesday, November 27th. Susquehanna lifted their target price on shares of Ambarella from $70.00 to $85.00 and gave the company a “positive” rating in a research note on Wednesday, November 27th. StockNews.com downgraded shares of Ambarella from a “hold” rating to a “sell” rating in a research note on Tuesday. Craig Hallum lifted their price objective on Ambarella from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Finally, Westpark Capital reiterated a “buy” rating and set a $85.00 target price on shares of Ambarella in a report on Monday, August 26th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Ambarella currently has an average rating of “Hold” and an average target price of $82.92.

Insider Activity

In other Ambarella news, CTO Leslie Kohn sold 1,608 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $53.54, for a total transaction of $86,092.32. Following the completion of the sale, the chief technology officer now directly owns 961,433 shares in the company, valued at approximately $51,475,122.82. The trade was a 0.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Christopher Day sold 483 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $53.54, for a total value of $25,859.82. Following the completion of the transaction, the vice president now owns 21,370 shares in the company, valued at approximately $1,144,149.80. This trade represents a 2.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,474 shares of company stock valued at $1,246,694 over the last ninety days. 5.70% of the stock is currently owned by corporate insiders.

Ambarella Trading Down 0.8 %

AMBA stock opened at $72.53 on Friday. The stock’s 50 day simple moving average is $62.53 and its 200 day simple moving average is $56.91. Ambarella, Inc. has a 12-month low of $39.69 and a 12-month high of $81.32. The stock has a market capitalization of $3.02 billion, a PE ratio of -18.79 and a beta of 1.68.

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.