Ambarella, Inc. (NASDAQ:AMBA) Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA trimmed its holdings in Ambarella, Inc. (NASDAQ:AMBA) by 12.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,800 shares of the semiconductor company’s stock after selling 3,600 shares during the quarter. Primecap Management Co. CA owned 0.06% of Ambarella worth $1,877,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in AMBA. Skandinaviska Enskilda Banken AB publ grew its position in shares of Ambarella by 68.7% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 184 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Ambarella in the 4th quarter worth about $53,000. Larson Financial Group LLC increased its stake in Ambarella by 6,014.3% during the 3rd quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company’s stock worth $48,000 after buying an additional 842 shares in the last quarter. R Squared Ltd acquired a new position in shares of Ambarella during the fourth quarter valued at approximately $68,000. Finally, Pacer Advisors Inc. lifted its position in shares of Ambarella by 24.2% in the fourth quarter. Pacer Advisors Inc. now owns 965 shares of the semiconductor company’s stock valued at $70,000 after acquiring an additional 188 shares in the last quarter. 82.09% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ambarella

In other Ambarella news, Director Christopher B. Paisley sold 1,500 shares of the firm’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $73.80, for a total value of $110,700.00. Following the completion of the sale, the director now owns 40,781 shares of the company’s stock, valued at approximately $3,009,637.80. This trade represents a 3.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Chan W. Lee sold 1,000 shares of Ambarella stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $73.48, for a total value of $73,480.00. Following the transaction, the chief operating officer now directly owns 114,918 shares of the company’s stock, valued at $8,444,174.64. This trade represents a 0.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,747 shares of company stock worth $584,241 over the last three months. Insiders own 5.70% of the company’s stock.

Analyst Ratings Changes

AMBA has been the subject of a number of research reports. Needham & Company LLC upped their target price on shares of Ambarella from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Craig Hallum increased their price target on shares of Ambarella from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Bank of America upgraded 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. Stifel Nicolaus boosted their price target on shares of Ambarella from $95.00 to $100.00 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 objective on shares of Ambarella in a report on Thursday, February 27th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $86.67.

Ambarella Stock Performance

AMBA opened at $55.15 on Thursday. Ambarella, Inc. has a one year low of $39.69 and a one year high of $85.15. The company has a market cap of $2.30 billion, a P/E ratio of -14.29 and a beta of 1.78. The business’s 50-day simple moving average is $70.67 and its 200-day simple moving average is $65.40.

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.