Hillsdale Investment Management Inc. Has $5.05 Million Stock Holdings in Ambarella, Inc. (NASDAQ:AMBA)

Hillsdale Investment Management Inc. lifted its stake in shares of Ambarella, Inc. (NASDAQ:AMBA) by 1.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 69,390 shares of the semiconductor company’s stock after purchasing an additional 900 shares during the period. Hillsdale Investment Management Inc.’s holdings in Ambarella were worth $5,047,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of AMBA. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Ambarella by 18.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 226,502 shares of the semiconductor company’s stock worth $12,776,000 after purchasing an additional 35,977 shares during the period. Intech Investment Management LLC purchased a new position in shares of Ambarella during the third quarter valued at $722,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Ambarella by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 320,319 shares of the semiconductor company’s stock valued at $18,068,000 after buying an additional 3,700 shares in the last quarter. Algert Global LLC grew its holdings in shares of Ambarella by 76.2% during the third quarter. Algert Global LLC now owns 94,999 shares of the semiconductor company’s stock valued at $5,358,000 after buying an additional 41,094 shares in the last quarter. Finally, Larson Financial Group LLC grew its holdings in shares of Ambarella by 6,014.3% during the third quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company’s stock valued at $48,000 after buying an additional 842 shares in the last quarter. 82.09% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Ambarella news, COO Chan W. Lee sold 1,000 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $79.15, for a total value of $79,150.00. Following the completion of the sale, the chief operating officer now owns 116,918 shares of the company’s stock, valued at $9,254,059.70. The trade was a 0.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Feng-Ming Wang sold 3,194 shares of the business’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $55.02, for a total value of $175,733.88. Following the completion of the sale, the chief executive officer now directly owns 798,311 shares of the company’s stock, valued at $43,923,071.22. This represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,575 shares of company stock valued at $1,069,957 over the last quarter. Insiders own 5.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Craig Hallum lifted their price target on Ambarella from $85.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. StockNews.com upgraded Ambarella from a “sell” rating to a “hold” rating in a report on Friday, February 28th. Northland Securities reiterated an “outperform” rating and set a $95.00 price target (up previously from $75.00) on shares of Ambarella in a report on Wednesday, November 27th. Susquehanna lifted their price target on Ambarella from $95.00 to $100.00 and gave the company a “positive” rating in a report on Wednesday, January 22nd. Finally, Rosenblatt Securities restated a “buy” rating and issued a $100.00 target price on shares of Ambarella in a research note on Thursday, February 27th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $86.67.

Ambarella Price Performance

Shares of NASDAQ AMBA opened at $54.26 on Friday. Ambarella, Inc. has a one year low of $39.69 and a one year high of $85.15. The business’s 50-day moving average price is $69.81 and its two-hundred day moving average price is $65.29. The company has a market capitalization of $2.26 billion, a P/E ratio of -14.06 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.