Los Angeles Capital Management LLC Invests $558,000 in Ambarella, Inc. (NASDAQ:AMBA)

Los Angeles Capital Management LLC acquired a new stake in Ambarella, Inc. (NASDAQ:AMBA) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 7,678 shares of the semiconductor company’s stock, valued at approximately $558,000.

Other hedge funds have also recently bought and sold shares of the company. Artemis Wealth Advisors LLC bought a new stake in Ambarella during the 4th quarter valued at $1,455,000. Prakash Investment Advisors LLC acquired a new position in shares of Ambarella during the fourth quarter valued at $291,000. D.A. Davidson & CO. acquired a new stake in Ambarella in the fourth quarter worth about $1,672,000. Principal Financial Group Inc. acquired a new stake in Ambarella in the fourth quarter worth about $1,159,000. Finally, Pinnacle Wealth Management Advisory Group LLC acquired a new position in Ambarella during the 4th quarter valued at about $256,000. 82.09% of the stock is currently owned by institutional investors.

Ambarella Price Performance

Ambarella stock opened at $56.81 on Tuesday. Ambarella, Inc. has a fifty-two week low of $39.69 and a fifty-two week high of $85.15. The firm’s 50 day simple moving average is $75.74 and its 200-day simple moving average is $65.39. The company has a market cap of $2.37 billion, a P/E ratio of -14.72 and a beta of 1.66.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on AMBA shares. StockNews.com raised shares of Ambarella from a “sell” rating to a “hold” rating in a research note on Friday. Stifel Nicolaus increased their price target on Ambarella from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Northland Securities reiterated 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. Needham & Company LLC raised their target price on Ambarella from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $100.00 price target on shares of Ambarella in a research report on Thursday, February 27th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Ambarella presently has an average rating of “Moderate Buy” and an average price target of $86.67.

Insider Buying and Selling

In other news, VP Chi-Hong Ju sold 5,118 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $75.71, for a total value of $387,483.78. Following the completion of the sale, the vice president now owns 158,686 shares in the company, valued at $12,014,117.06. This represents a 3.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Chan W. Lee sold 1,000 shares of Ambarella 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 owns 116,918 shares in the company, valued at $9,254,059.70. This represents a 0.85 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,583 shares of company stock valued at $1,853,918. Company insiders own 5.70% of the company’s stock.

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.