Ambarella, Inc. (NASDAQ:AMBA) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its stake in Ambarella, Inc. (NASDAQ:AMBA) by 1.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 320,319 shares of the semiconductor company’s stock after buying an additional 3,700 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.78% of Ambarella worth $18,068,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of AMBA. Azzad Asset Management Inc. ADV grew its position in Ambarella by 2.4% in the second quarter. Azzad Asset Management Inc. ADV now owns 9,983 shares of the semiconductor company’s stock valued at $539,000 after acquiring an additional 231 shares in the last quarter. Versor Investments LP lifted its holdings in Ambarella by 5.9% in the 3rd quarter. Versor Investments LP now owns 4,619 shares of the semiconductor company’s stock worth $261,000 after buying an additional 256 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position 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 valued at $269,000 after buying an additional 285 shares during the last quarter. CWM LLC boosted its position in Ambarella by 127.7% in the 2nd quarter. CWM LLC now owns 542 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 304 shares during the last quarter. Finally, Blue Trust Inc. grew 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 acquiring an additional 321 shares in the last quarter. 82.09% of the stock is currently owned by hedge funds and other institutional investors.

Ambarella Stock Up 3.4 %

Shares of NASDAQ:AMBA opened at $71.70 on Friday. The company has a market cap of $2.96 billion, a PE ratio of -18.58 and a beta of 1.68. Ambarella, Inc. has a fifty-two week low of $39.69 and a fifty-two week high of $81.32. The firm has a 50-day simple moving average of $60.84 and a 200 day simple moving average of $56.11.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Westpark Capital reissued a “buy” rating and issued a $85.00 price target on shares of Ambarella in a report on Monday, August 26th. Roth Mkm reaffirmed a “neutral” rating and issued a $60.00 target price on shares of Ambarella in a research report on Wednesday, August 28th. Rosenblatt Securities reissued a “buy” rating and set a $100.00 price target on shares of Ambarella in a research report on Friday. Susquehanna upped their price target on shares of Ambarella from $70.00 to $85.00 and gave the company a “positive” rating in a report on Wednesday, November 27th. Finally, Stifel Nicolaus increased their price objective on shares of Ambarella from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $82.92.

Insider Activity

In other news, CFO John Alexander Young sold 2,139 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 $114,522.06. Following the completion of the transaction, the chief financial officer now owns 103,529 shares of the company’s stock, valued at approximately $5,542,942.66. The trade was a 2.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Christopher Day sold 1,278 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $71.61, for a total transaction of $91,517.58. Following the transaction, the vice president now owns 17,188 shares of the company’s stock, valued at $1,230,832.68. This represents a 6.92 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,356 shares of company stock valued at $859,210. 5.70% of the stock is currently owned by insiders.

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.