11,832 Shares in Ambarella, Inc. (NASDAQ:AMBA) Acquired by OFI Invest Asset Management

OFI Invest Asset Management purchased a new stake in Ambarella, Inc. (NASDAQ:AMBA) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,832 shares of the semiconductor company’s stock, valued at approximately $831,000.

Several other hedge funds have also made changes to their positions in AMBA. Van ECK Associates Corp lifted its position in shares of Ambarella by 216.7% in the 3rd quarter. Van ECK Associates Corp now owns 4,563 shares of the semiconductor company’s stock valued at $264,000 after acquiring an additional 3,122 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its position in shares of Ambarella by 2.5% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 38,780 shares of the semiconductor company’s stock valued at $2,187,000 after acquiring an additional 940 shares in the last quarter. Versor Investments LP lifted its position in shares of Ambarella by 5.9% in the 3rd quarter. Versor Investments LP now owns 4,619 shares of the semiconductor company’s stock valued at $261,000 after acquiring an additional 256 shares in the last quarter. Entropy Technologies LP purchased a new stake in shares of Ambarella in the 3rd quarter valued at approximately $464,000. Finally, Baillie Gifford & Co. lifted its position in shares of Ambarella by 0.7% in the 3rd quarter. Baillie Gifford & Co. now owns 328,451 shares of the semiconductor company’s stock valued at $18,526,000 after acquiring an additional 2,215 shares in the last quarter. Hedge funds and other institutional investors own 82.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. 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 report on Wednesday, January 22nd. Craig Hallum increased their target price on shares of Ambarella from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Stifel Nicolaus increased their target price on shares of Ambarella from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Needham & Company LLC increased their target price on shares of Ambarella from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Finally, StockNews.com upgraded shares of Ambarella from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $86.67.

Insider Activity at Ambarella

In related news, COO Chan W. Lee sold 1,000 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $79.15, for a total value of $79,150.00. Following the transaction, the chief operating officer now directly owns 116,918 shares in the company, valued at approximately $9,254,059.70. This trade represents a 0.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Christopher Day sold 1,247 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $78.10, for a total transaction of $97,390.70. Following the completion of the sale, the vice president now owns 14,530 shares in the company, valued at $1,134,793. This represents a 7.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,465 shares of company stock worth $1,466,434. 5.70% of the stock is owned by insiders.

Ambarella Trading Down 0.8 %

NASDAQ:AMBA opened at $53.07 on Monday. Ambarella, Inc. has a 1 year low of $39.69 and a 1 year high of $85.15. The firm’s fifty day simple moving average is $74.17 and its 200 day simple moving average is $65.56. The firm has a market capitalization of $2.21 billion, a PE ratio of -13.75 and a beta of 1.78.

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.