Ambarella, Inc. (NASDAQ:AMBA) Shares Bought by Essex Investment Management Co. LLC

Essex Investment Management Co. LLC boosted its stake in shares of Ambarella, Inc. (NASDAQ:AMBA) by 6.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 90,522 shares of the semiconductor company’s stock after buying an additional 5,098 shares during the period. Ambarella accounts for 1.2% of Essex Investment Management Co. LLC’s investment portfolio, making the stock its 15th largest position. Essex Investment Management Co. LLC owned 0.22% of Ambarella worth $6,585,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMBA. SBI Securities Co. Ltd. purchased a new position in shares of Ambarella during the 4th quarter worth $53,000. Larson Financial Group LLC boosted its holdings in Ambarella by 6,014.3% during the 3rd quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company’s stock valued at $48,000 after acquiring an additional 842 shares during the period. R Squared Ltd purchased a new position in Ambarella during the 4th quarter valued at about $68,000. Pacer Advisors Inc. boosted its holdings in Ambarella by 24.2% during the 4th quarter. Pacer Advisors Inc. now owns 965 shares of the semiconductor company’s stock valued at $70,000 after acquiring an additional 188 shares during the period. Finally, Manchester Capital Management LLC boosted its holdings in Ambarella by 21.8% during the 4th quarter. Manchester Capital Management LLC now owns 1,175 shares of the semiconductor company’s stock valued at $85,000 after acquiring an additional 210 shares during the period. Institutional investors and hedge funds own 82.09% of the company’s stock.

Insider Transactions at Ambarella

In other Ambarella news, VP Chi-Hong Ju sold 5,118 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $75.71, for a total transaction of $387,483.78. Following the completion of the sale, the vice president now owns 158,686 shares of the company’s stock, valued at approximately $12,014,117.06. The trade was a 3.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Chan W. Lee sold 1,000 shares of the company’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $75.90, for a total value of $75,900.00. Following the completion of the sale, the chief operating officer now directly owns 110,918 shares of the company’s stock, valued at $8,418,676.20. The trade was a 0.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 24,583 shares of company stock valued at $1,853,918 over the last three months. 5.70% of the stock is currently owned by insiders.

Ambarella Stock Performance

Shares of AMBA stock opened at $53.07 on Friday. Ambarella, Inc. has a 1 year low of $39.69 and a 1 year high of $85.15. The stock has a market cap of $2.21 billion, a PE ratio of -13.75 and a beta of 1.78. The stock has a fifty day moving average price of $74.17 and a 200 day moving average price of $65.45.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AMBA. Susquehanna raised their target price on Ambarella from $95.00 to $100.00 and gave the company a “positive” rating in a report on Wednesday, January 22nd. Morgan Stanley increased their price target on Ambarella from $73.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Craig Hallum increased their price target on Ambarella from $85.00 to $90.00 and gave the company a “buy” rating 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 target on the stock in a research report on Monday, December 16th. Finally, StockNews.com raised Ambarella from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.