Stephens Investment Management Group LLC Grows Position in Ambarella, Inc. (NASDAQ:AMBA)

Stephens Investment Management Group LLC raised its position in Ambarella, Inc. (NASDAQ:AMBA) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 503,468 shares of the semiconductor company’s stock after acquiring an additional 2,432 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Ambarella were worth $36,622,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMBA. State Street Corp grew its stake in shares of Ambarella by 2.6% during the third 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. The Manufacturers Life Insurance Company raised 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 acquiring an additional 61,387 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Ambarella by 1.6% in the third quarter. Geode Capital Management LLC now owns 916,757 shares of the semiconductor company’s stock valued at $51,719,000 after purchasing an additional 14,568 shares in the last quarter. Point72 Asset Management L.P. boosted its holdings in Ambarella by 70.0% in the third quarter. Point72 Asset Management L.P. now owns 862,084 shares of the semiconductor company’s stock valued at $48,626,000 after purchasing an additional 355,078 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Ambarella by 7.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 666,286 shares of the semiconductor company’s stock worth $37,582,000 after purchasing an additional 43,874 shares in the last quarter. Institutional investors and hedge funds own 82.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on AMBA. Rosenblatt Securities reaffirmed a “buy” rating and issued a $100.00 target price on shares of Ambarella in a research report on Friday, December 6th. Susquehanna lifted their target price on Ambarella from $95.00 to $100.00 and gave the stock a “positive” rating in a research report on Wednesday, January 22nd. Morgan Stanley upped their target price on Ambarella from $73.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. StockNews.com lowered Ambarella from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. Finally, Needham & Company LLC increased their price objective on Ambarella from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $85.42.

Insider Transactions at Ambarella

In other Ambarella news, CTO Leslie Kohn sold 1,757 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $75.41, for a total value of $132,495.37. Following the completion of the transaction, the chief technology officer now owns 959,676 shares in the company, valued at approximately $72,369,167.16. This represents a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Christopher Day sold 1,278 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $71.61, for a total transaction of $91,517.58. Following the sale, the vice president now owns 17,188 shares in the company, valued at $1,230,832.68. The trade was a 6.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,861 shares of company stock worth $1,945,436 over the last ninety days. 5.70% of the stock is currently owned by company insiders.

Ambarella Stock Performance

Shares of AMBA opened at $75.72 on Friday. Ambarella, Inc. has a 1 year low of $39.69 and a 1 year high of $85.15. The stock has a market capitalization of $3.16 billion, a P/E ratio of -19.62 and a beta of 1.66. The company’s fifty day moving average is $75.02 and its two-hundred day moving average is $62.20.

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.