Charles Schwab Investment Management Inc. Purchases 4,682 Shares of Ambarella, Inc. (NASDAQ:AMBA)

Charles Schwab Investment Management Inc. lifted its stake in shares of Ambarella, Inc. (NASDAQ:AMBA) by 1.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 325,001 shares of the semiconductor company’s stock after purchasing an additional 4,682 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.78% of Ambarella worth $23,641,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in AMBA. Point72 Asset Management L.P. boosted its position in shares of Ambarella by 70.0% during the 3rd quarter. Point72 Asset Management L.P. now owns 862,084 shares of the semiconductor company’s stock worth $48,626,000 after purchasing an additional 355,078 shares in the last quarter. Barclays PLC boosted its position in shares of Ambarella by 281.3% during the 3rd quarter. Barclays PLC now owns 388,090 shares of the semiconductor company’s stock worth $21,891,000 after purchasing an additional 286,296 shares in the last quarter. Lord Abbett & CO. LLC bought a new position in shares of Ambarella during the 3rd quarter worth about $3,905,000. The Manufacturers Life Insurance Company boosted its position in shares of Ambarella by 4.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,353,287 shares of the semiconductor company’s stock worth $76,332,000 after purchasing an additional 61,387 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Ambarella by 2.6% during the 3rd quarter. State Street Corp now owns 1,924,235 shares of the semiconductor company’s stock worth $108,536,000 after purchasing an additional 47,856 shares in the last quarter. Institutional investors own 82.09% of the company’s stock.

Insider Buying and Selling at Ambarella

In other news, COO Chan W. Lee sold 1,000 shares of the stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $73.48, for a total transaction of $73,480.00. Following the completion of the transaction, the chief operating officer now directly owns 114,918 shares of the company’s stock, valued at $8,444,174.64. This represents a 0.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christopher B. Paisley sold 1,500 shares of the stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $73.80, for a total transaction of $110,700.00. Following the transaction, the director now directly owns 40,781 shares of the company’s stock, valued at $3,009,637.80. This represents a 3.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,747 shares of company stock worth $584,241. Insiders own 5.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on AMBA shares. Susquehanna increased their price objective on shares of Ambarella from $95.00 to $100.00 and gave the stock a “positive” rating in a research report on Wednesday, January 22nd. Rosenblatt Securities restated a “buy” rating and issued a $100.00 target price on shares of Ambarella in a report on Thursday, February 27th. Bank of America upgraded shares of Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 target price on the stock in a report on Monday, December 16th. Northland Securities restated 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. Finally, Needham & Company LLC upped their target price on shares of Ambarella from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Ambarella currently has an average rating of “Moderate Buy” and a consensus price target of $86.67.

Ambarella Stock Performance

NASDAQ:AMBA opened at $53.79 on Wednesday. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of -13.94 and a beta of 1.78. Ambarella, Inc. has a 52 week low of $39.69 and a 52 week high of $85.15. The firm has a 50-day moving average price of $71.09 and a two-hundred day moving average price of $65.47.

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.