14,184 Shares in Ambarella, Inc. (NASDAQ:AMBA) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new position in shares of Ambarella, Inc. (NASDAQ:AMBA) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 14,184 shares of the semiconductor company’s stock, valued at approximately $1,032,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tributary Capital Management LLC increased its stake in Ambarella by 15.4% during the 4th quarter. Tributary Capital Management LLC now owns 287,565 shares of the semiconductor company’s stock worth $20,917,000 after buying an additional 38,380 shares during the period. Dynamic Technology Lab Private Ltd grew its holdings in Ambarella by 592.2% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 25,883 shares of the semiconductor company’s stock worth $1,460,000 after acquiring an additional 22,144 shares in the last quarter. Asset Management One Co. Ltd. acquired a new position in Ambarella during the 4th quarter worth $553,000. Mirabella Financial Services LLP acquired a new position in Ambarella during the 3rd quarter worth $1,530,000. Finally, FMR LLC grew its holdings in Ambarella by 185.4% during the 3rd quarter. FMR LLC now owns 17,102 shares of the semiconductor company’s stock worth $965,000 after acquiring an additional 11,110 shares in the last quarter. Hedge funds and other institutional investors own 82.09% of the company’s stock.

Insider Buying and Selling at Ambarella

In other Ambarella news, CFO John Alexander Young sold 2,103 shares of the business’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $55.02, for a total transaction of $115,707.06. Following the completion of the transaction, the chief financial officer now directly owns 113,886 shares of the company’s stock, valued at $6,266,007.72. The trade was a 1.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Chan W. Lee sold 1,000 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $79.15, for a total transaction of $79,150.00. Following the sale, the chief operating officer now owns 116,918 shares in the company, valued at $9,254,059.70. This trade represents a 0.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,575 shares of company stock valued at $1,069,957 in the last ninety days. Company insiders own 5.70% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AMBA. Morgan Stanley raised their price objective on shares of Ambarella from $73.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Rosenblatt Securities reissued a “buy” rating and set a $100.00 price objective on shares of Ambarella in a report on Thursday, February 27th. Bank of America raised shares of Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 price objective for the company in a report on Monday, December 16th. Stifel Nicolaus raised their price objective on shares of Ambarella from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Finally, Needham & Company LLC lifted their price target on shares of Ambarella from $100.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ambarella currently has a consensus rating of “Moderate Buy” and an average price target of $86.67.

Ambarella Stock Down 0.7 %

Ambarella stock opened at $54.26 on Friday. The firm has a 50-day moving average price of $69.81 and a two-hundred day moving average price of $65.29. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of -14.06 and a beta of 1.78. Ambarella, Inc. has a 52-week low of $39.69 and a 52-week 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.