Larson Financial Group LLC Sells 292 Shares of Ambarella, Inc. (NASDAQ:AMBA)

Larson Financial Group LLC reduced its position in shares of Ambarella, Inc. (NASDAQ:AMBA) by 34.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 564 shares of the semiconductor company’s stock after selling 292 shares during the period. Larson Financial Group LLC’s holdings in Ambarella were worth $41,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Arizona State Retirement System boosted its position in Ambarella by 1.4% during the fourth quarter. Arizona State Retirement System now owns 11,368 shares of the semiconductor company’s stock valued at $827,000 after purchasing an additional 156 shares during the last quarter. Pacer Advisors Inc. boosted its position in Ambarella by 24.2% during the fourth quarter. Pacer Advisors Inc. now owns 965 shares of the semiconductor company’s stock valued at $70,000 after purchasing an additional 188 shares during the last quarter. Manchester Capital Management LLC boosted its position in Ambarella by 21.8% during the fourth quarter. Manchester Capital Management LLC now owns 1,175 shares of the semiconductor company’s stock valued at $85,000 after purchasing an additional 210 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Ambarella by 5.0% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,003 shares of the semiconductor company’s stock valued at $364,000 after purchasing an additional 236 shares during the last quarter. Finally, SWS Partners boosted its position in Ambarella by 0.4% during the fourth quarter. SWS Partners now owns 67,408 shares of the semiconductor company’s stock valued at $4,903,000 after purchasing an additional 247 shares during the last quarter. 82.09% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Ambarella news, VP Christopher Day sold 482 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $75.41, for a total transaction of $36,347.62. Following the transaction, the vice president now owns 16,706 shares in the company, valued at $1,259,799.46. This trade represents a 2.80 % 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, COO Chan W. Lee sold 1,000 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $79.15, for a total value of $79,150.00. Following the transaction, the chief operating officer now 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 disclosure for this sale can be found here. Insiders have sold a total of 19,088 shares of company stock worth $1,438,480 in the last 90 days. Company insiders own 5.70% of the company’s stock.

Ambarella Trading Up 0.4 %

Shares of NASDAQ AMBA opened at $52.20 on Friday. The business’s 50 day moving average is $72.40 and its 200-day moving average is $65.37. Ambarella, Inc. has a 1-year low of $39.69 and a 1-year high of $85.15. The firm has a market cap of $2.18 billion, a P/E ratio of -13.52 and a beta of 1.78.

Analyst Upgrades and Downgrades

Several research analysts recently commented on AMBA shares. Northland Securities reissued an “outperform” rating and set a $95.00 price target (up from $75.00) on shares of Ambarella in a research report on Wednesday, November 27th. Bank of America raised Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 price objective for the company in a research report on Monday, December 16th. Craig Hallum raised their price objective on Ambarella from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Needham & Company LLC raised their price objective on Ambarella from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Finally, StockNews.com raised Ambarella from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Ambarella presently has an average rating of “Moderate Buy” and an average price target of $86.67.

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.