Ambarella, Inc. (NASDAQ:AMBA) Shares Sold by Amundi

Amundi cut its stake in Ambarella, Inc. (NASDAQ:AMBA) by 48.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,000 shares of the semiconductor company’s stock after selling 3,785 shares during the period. Amundi’s holdings in Ambarella were worth $305,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMBA. Larson Financial Group LLC lifted its position in Ambarella by 6,014.3% in the third quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company’s stock valued at $48,000 after acquiring an additional 842 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Ambarella during the fourth quarter worth about $53,000. R Squared Ltd purchased a new position in Ambarella during the fourth quarter worth about $68,000. Truvestments Capital LLC acquired a new position in Ambarella during the third quarter worth about $69,000. Finally, Pacer Advisors Inc. grew its position in Ambarella by 24.2% during the fourth 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 period. 82.09% of the stock is owned by hedge funds and other institutional investors.

Ambarella Trading Down 0.7 %

NASDAQ:AMBA opened at $54.26 on Friday. Ambarella, Inc. has a twelve month low of $39.69 and a twelve month high of $85.15. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of -14.06 and a beta of 1.78. The firm’s fifty day simple moving average is $69.81 and its 200 day simple moving average is $65.29.

Insider Buying and Selling

In other news, Director Christopher B. Paisley sold 1,500 shares of the business’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $73.80, for a total value of $110,700.00. Following the completion of the sale, the director now owns 40,781 shares of the company’s stock, valued at approximately $3,009,637.80. The trade was a 3.55 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Leslie Kohn sold 1,584 shares of the business’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $55.02, for a total transaction of $87,151.68. Following the completion of the sale, the chief technology officer now directly owns 981,392 shares of the company’s stock, valued at $53,996,187.84. The trade was a 0.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,575 shares of company stock valued at $1,069,957 in the last quarter. Company insiders own 5.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Morgan Stanley upped their target price on shares of Ambarella from $73.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Stifel Nicolaus increased their price target on shares of Ambarella from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Rosenblatt Securities reissued a “buy” rating and set a $100.00 price objective on shares of Ambarella in a research note 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 target on the stock in a research note on Monday, December 16th. Finally, Susquehanna lifted their price target on shares of Ambarella from $95.00 to $100.00 and gave the company a “positive” rating in a report on Wednesday, January 22nd. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $86.67.

Ambarella 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.