7,528 Shares in Ambarella, Inc. (NASDAQ:AMBA) Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. purchased a new position in shares of Ambarella, Inc. (NASDAQ:AMBA) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 7,528 shares of the semiconductor company’s stock, valued at approximately $553,000.

Several other hedge funds have also recently modified their holdings of AMBA. Blue Trust Inc. lifted its holdings in shares of Ambarella by 180.3% during the third quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 321 shares during the period. Signaturefd LLC lifted its holdings in Ambarella by 389.6% in the third quarter. Signaturefd LLC now owns 661 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 526 shares during the period. Larson Financial Group LLC lifted its holdings 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 period. R Squared Ltd acquired a new stake in Ambarella in the fourth quarter valued at $68,000. Finally, Truvestments Capital LLC acquired a new stake in Ambarella in the third quarter valued at $69,000. 82.09% of the stock is owned by institutional investors and hedge funds.

Ambarella Trading Down 2.0 %

Ambarella stock opened at $81.27 on Friday. The stock has a market cap of $3.39 billion, a PE ratio of -21.05 and a beta of 1.66. The stock has a 50-day moving average price of $76.15 and a 200 day moving average price of $63.84. Ambarella, Inc. has a 52 week low of $39.69 and a 52 week high of $85.15.

Analyst Ratings Changes

A number of equities research analysts have commented on AMBA shares. Needham & Company LLC raised 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. Rosenblatt Securities reissued a “buy” rating and issued a $100.00 target price on shares of Ambarella in a report on Friday, December 6th. Bank of America raised Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 target price for the company in a report on Monday, December 16th. Stifel Nicolaus raised their target price on Ambarella from $80.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, Northland Securities reissued an “outperform” rating and issued a $95.00 target price (up previously from $75.00) on shares of Ambarella in a report on Wednesday, November 27th. One equities research 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $85.42.

Insider Buying and Selling

In related news, VP Chi-Hong Ju sold 5,118 shares of Ambarella stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $75.71, for a total transaction of $387,483.78. Following the completion of the sale, the vice president now owns 158,686 shares in the company, valued at approximately $12,014,117.06. This trade represents a 3.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Chan W. Lee sold 1,000 shares of Ambarella stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $79.15, for a total value of $79,150.00. Following the sale, the chief operating officer now owns 116,918 shares of the company’s stock, valued at approximately $9,254,059.70. This represents a 0.85 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,861 shares of company stock worth $1,945,436. 5.70% of the stock is owned by corporate 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.