Stephens Inc. AR Invests $255,000 in Ambarella, Inc. (NASDAQ:AMBA)

Stephens Inc. AR purchased a new stake in shares of Ambarella, Inc. (NASDAQ:AMBA) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,506 shares of the semiconductor company’s stock, valued at approximately $255,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its position in shares of Ambarella by 180.3% in the 3rd quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company’s stock worth $27,000 after buying an additional 321 shares during the period. Signaturefd LLC raised its stake in shares of Ambarella by 389.6% in the third quarter. Signaturefd LLC now owns 661 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 526 shares during the last quarter. Larson Financial Group LLC boosted its position in shares of Ambarella by 6,014.3% during the third 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 during the last quarter. R Squared Ltd bought a new stake in Ambarella in the 4th quarter worth about $68,000. Finally, Pacer Advisors Inc. raised its position in Ambarella by 24.2% in the 4th quarter. Pacer Advisors Inc. now owns 965 shares of the semiconductor company’s stock worth $70,000 after buying an additional 188 shares during the last quarter. 82.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AMBA has been the subject of a number of research analyst reports. Stifel Nicolaus lifted their price target on shares of Ambarella from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Northland Securities reiterated an “outperform” rating and set a $95.00 target price (up from $75.00) on shares of Ambarella in a research note on Wednesday, November 27th. Craig Hallum lifted their price objective on Ambarella from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Needham & Company LLC increased their target price on Ambarella from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, StockNews.com downgraded Ambarella from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.42.

Ambarella Trading Up 1.9 %

Shares of AMBA opened at $77.81 on Monday. The business’s 50 day moving average is $75.51 and its 200 day moving average is $63.10. Ambarella, Inc. has a 12-month low of $39.69 and a 12-month high of $85.15. The company has a market capitalization of $3.24 billion, a PE ratio of -20.16 and a beta of 1.66.

Insider Activity

In other Ambarella news, COO Chan W. Lee sold 1,488 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $75.41, for a total transaction of $112,210.08. Following the completion of the transaction, the chief operating officer now owns 119,918 shares in the company, valued at $9,043,016.38. This trade represents a 1.23 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Chi-Hong Ju sold 5,118 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $75.71, for a total value of $387,483.78. Following the sale, the vice president now directly owns 158,686 shares in the company, valued at $12,014,117.06. This trade represents a 3.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,861 shares of company stock worth $1,945,436 over the last quarter. Insiders own 5.70% of the company’s stock.

Ambarella Company 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.