Thrivent Financial for Lutherans Decreases Stock Holdings in Ambarella, Inc. (NASDAQ:AMBA)

Thrivent Financial for Lutherans lessened its stake in Ambarella, Inc. (NASDAQ:AMBA) by 28.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,532 shares of the semiconductor company’s stock after selling 8,759 shares during the period. Thrivent Financial for Lutherans owned 0.05% of Ambarella worth $1,566,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ grew its position in shares of Ambarella by 68.7% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company’s stock worth $32,000 after buying an additional 184 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Ambarella during the fourth quarter worth $53,000. R Squared Ltd purchased a new stake in shares of Ambarella during the 4th quarter valued at $68,000. Pacer Advisors Inc. boosted its position in shares of 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 purchasing an additional 188 shares in the last quarter. Finally, Manchester Capital Management LLC boosted its position in shares of Ambarella by 21.8% in the 4th quarter. Manchester Capital Management LLC now owns 1,175 shares of the semiconductor company’s stock worth $85,000 after purchasing an additional 210 shares in the last quarter. 82.09% of the stock is currently owned by institutional investors.

Ambarella Stock Performance

NASDAQ:AMBA opened at $50.61 on Monday. The firm’s fifty day moving average is $67.51 and its two-hundred day moving average is $65.48. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of -13.11 and a beta of 1.78. Ambarella, Inc. has a one year low of $39.69 and a one year high of $85.15.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on AMBA shares. Rosenblatt Securities reiterated a “buy” rating and issued a $100.00 price target on shares of Ambarella in a research note on Thursday, February 27th. Stifel Nicolaus increased their price objective 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. StockNews.com raised shares of Ambarella from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. Susquehanna upped their price target on shares of Ambarella from $95.00 to $100.00 and gave the company a “positive” rating in a research note on Wednesday, January 22nd. Finally, Bank of America upgraded shares of Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 price objective for the company in a research note on Monday, December 16th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.67.

Insider Transactions at Ambarella

In other news, VP Christopher Day sold 1,247 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $78.10, for a total transaction of $97,390.70. Following the sale, the vice president now directly owns 14,530 shares of the company’s stock, valued at $1,134,793. This represents a 7.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Christopher B. Paisley sold 500 shares of the firm’s stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $55.50, for a total value of $27,750.00. Following the sale, the director now owns 40,281 shares in the company, valued at $2,235,595.50. This trade represents a 1.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,575 shares of company stock worth $987,007 over the last quarter. 5.70% of the stock is currently owned by insiders.

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.