Y Intercept Hong Kong Ltd Lowers Position in Ambarella, Inc. (NASDAQ:AMBA)

Y Intercept Hong Kong Ltd lessened its stake in Ambarella, Inc. (NASDAQ:AMBA) by 38.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,792 shares of the semiconductor company’s stock after selling 4,781 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Ambarella were worth $567,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Pacer Advisors Inc. raised its stake 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 in the last quarter. Manchester Capital Management LLC raised its stake 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 in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake 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 in the last quarter. Versor Investments LP raised its stake in Ambarella by 5.9% during the third quarter. Versor Investments LP now owns 4,619 shares of the semiconductor company’s stock valued at $261,000 after purchasing an additional 256 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in Ambarella by 180.3% during the third quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 321 shares in the last quarter. Hedge funds and other institutional investors own 82.09% of the company’s stock.

Ambarella Trading Down 2.2 %

NASDAQ AMBA opened at $61.43 on Friday. The company’s 50-day moving average price is $76.07 and its 200-day moving average price is $65.05. The stock has a market cap of $2.56 billion, a PE ratio of -15.91 and a beta of 1.66. Ambarella, Inc. has a 12 month low of $39.69 and a 12 month high of $85.15.

Insider Transactions at Ambarella

In other Ambarella news, COO Chan W. Lee sold 1,000 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $75.90, for a total transaction of $75,900.00. Following the transaction, the chief operating officer now directly owns 110,918 shares in the company, valued at $8,418,676.20. This represents a 0.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Christopher Day sold 1,247 shares of the stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $78.10, for a total transaction of $97,390.70. Following the transaction, the vice president now owns 14,530 shares in the company, valued at approximately $1,134,793. The trade was a 7.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,861 shares of company stock worth $1,945,436. Insiders own 5.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AMBA. Morgan Stanley upped their price target on shares of Ambarella from $73.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Rosenblatt Securities reiterated a “buy” rating and set a $100.00 price objective on shares of Ambarella in a research report on Thursday. Craig Hallum boosted their price objective on shares of Ambarella from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Susquehanna boosted their price objective 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. Finally, Northland Securities reiterated an “outperform” rating and set a $95.00 price objective (up previously from $75.00) on shares of Ambarella in a research report on Wednesday, November 27th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Ambarella has an average rating of “Moderate Buy” and an average target price of $86.67.

Ambarella 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.