3,516 Shares in Ambarella, Inc. (NASDAQ:AMBA) Acquired by Xponance Inc.

Xponance Inc. purchased a new stake in Ambarella, Inc. (NASDAQ:AMBA) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 3,516 shares of the semiconductor company’s stock, valued at approximately $256,000.

Several other institutional investors also recently bought and sold shares of AMBA. Point72 Asset Management L.P. grew its position in shares of Ambarella by 70.0% in the third quarter. Point72 Asset Management L.P. now owns 862,084 shares of the semiconductor company’s stock valued at $48,626,000 after purchasing an additional 355,078 shares during the period. Barclays PLC grew its holdings in Ambarella by 281.3% in the 3rd quarter. Barclays PLC now owns 388,090 shares of the semiconductor company’s stock valued at $21,891,000 after buying an additional 286,296 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Ambarella by 34.8% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 305,395 shares of the semiconductor company’s stock valued at $22,214,000 after acquiring an additional 78,893 shares during the last quarter. Lord Abbett & CO. LLC acquired a new position in shares of Ambarella during the 3rd quarter valued at about $3,905,000. Finally, William Blair Investment Management LLC lifted its holdings in shares of Ambarella by 8.9% during the 4th quarter. William Blair Investment Management LLC now owns 829,052 shares of the semiconductor company’s stock worth $60,305,000 after acquiring an additional 68,044 shares during the period. 82.09% of the stock is currently owned by institutional investors and hedge funds.

Ambarella Stock Performance

Ambarella stock opened at $50.61 on Friday. The firm has a market capitalization of $2.11 billion, a PE ratio of -13.11 and a beta of 1.78. Ambarella, Inc. has a one year low of $39.69 and a one year high of $85.15. The stock’s 50 day moving average price is $67.51 and its 200 day moving average price is $65.29.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on AMBA shares. Rosenblatt Securities restated a “buy” rating and issued a $100.00 target price on shares of Ambarella in a report on Thursday, February 27th. Bank of America raised shares of Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 price objective for the company in a research note on Monday, December 16th. Needham & Company LLC increased their target price on Ambarella from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. StockNews.com raised Ambarella from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. Finally, Stifel Nicolaus upped their price target on Ambarella from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.67.

Insider Activity

In other Ambarella news, CTO Leslie Kohn sold 1,584 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $55.02, for a total transaction of $87,151.68. Following the completion of the sale, the chief technology officer now owns 981,392 shares in the company, valued at $53,996,187.84. This trade represents a 0.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Feng-Ming Wang sold 3,194 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $55.02, for a total value of $175,733.88. Following the completion of the transaction, the chief executive officer now directly owns 798,311 shares in the company, valued at approximately $43,923,071.22. The trade was a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,575 shares of company stock worth $987,007 over the last 90 days. Company insiders own 5.70% of the company’s stock.

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.