CIBC Private Wealth Group LLC Has $241,000 Stock Holdings in Ambarella, Inc. (NASDAQ:AMBA)

CIBC Private Wealth Group LLC boosted its position in Ambarella, Inc. (NASDAQ:AMBA) by 1,875.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,160 shares of the semiconductor company’s stock after purchasing an additional 3,000 shares during the period. CIBC Private Wealth Group LLC’s holdings in Ambarella were worth $241,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC lifted its position in shares of Ambarella by 281.3% in the third 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 last quarter. Vanguard Group Inc. lifted its holdings in Ambarella by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 4,696,124 shares of the semiconductor company’s stock valued at $341,596,000 after purchasing an additional 81,557 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in 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 purchasing an additional 78,893 shares during the last quarter. Lord Abbett & CO. LLC bought a new position in Ambarella during the third quarter worth $3,905,000. Finally, William Blair Investment Management LLC increased its holdings in shares of Ambarella by 8.9% in the fourth quarter. William Blair Investment Management LLC now owns 829,052 shares of the semiconductor company’s stock valued at $60,305,000 after purchasing an additional 68,044 shares during the last quarter. Institutional investors own 82.09% of the company’s stock.

Insider Activity at Ambarella

In other Ambarella news, COO Chan W. Lee sold 1,000 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $75.90, for a total value of $75,900.00. Following the sale, the chief operating officer now owns 110,918 shares of the company’s stock, valued at approximately $8,418,676.20. This trade represents a 0.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Christopher B. Paisley sold 500 shares of the business’s stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $55.50, for a total value of $27,750.00. Following the transaction, the director now directly owns 40,281 shares of the company’s stock, valued at $2,235,595.50. This trade represents a 1.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,328 shares of company stock valued at $810,467 over the last quarter. 5.70% of the stock is owned by corporate insiders.

Ambarella Stock Performance

NASDAQ:AMBA opened at $41.94 on Monday. The company has a market cap of $1.78 billion, a price-to-earnings ratio of -10.87 and a beta of 1.86. Ambarella, Inc. has a fifty-two week low of $39.69 and a fifty-two week high of $85.15. The stock has a fifty day moving average price of $64.15 and a 200-day moving average price of $65.28.

Analyst Ratings Changes

AMBA has been the subject of several research analyst reports. StockNews.com raised shares of Ambarella from a “sell” rating to a “hold” rating in a report on Friday, February 28th. Susquehanna boosted their price objective on Ambarella from $95.00 to $100.00 and gave the stock a “positive” rating in a report on Wednesday, January 22nd. 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 note on Thursday, February 27th. Stifel Nicolaus boosted 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. Finally, Bank of America raised Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 price objective on the stock in a report on Monday, December 16th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $86.67.

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.