Cerity Partners LLC Has $367,000 Stock Holdings in Ambarella, Inc. (NASDAQ:AMBA)

Cerity Partners LLC grew its holdings in shares of Ambarella, Inc. (NASDAQ:AMBA) by 8.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,098 shares of the semiconductor company’s stock after purchasing an additional 413 shares during the quarter. Cerity Partners LLC’s holdings in Ambarella were worth $367,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Aster Capital Management DIFC Ltd acquired a new position in Ambarella during the fourth quarter worth $37,000. Envestnet Asset Management Inc. boosted its position in Ambarella by 1.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 52,319 shares of the semiconductor company’s stock worth $3,806,000 after purchasing an additional 923 shares during the period. Wells Fargo & Company MN grew its holdings in Ambarella by 15.9% during the fourth quarter. Wells Fargo & Company MN now owns 53,397 shares of the semiconductor company’s stock valued at $3,884,000 after purchasing an additional 7,312 shares during the last quarter. Pitcairn Co. grew its holdings in Ambarella by 6.2% during the fourth quarter. Pitcairn Co. now owns 5,839 shares of the semiconductor company’s stock valued at $425,000 after purchasing an additional 340 shares during the last quarter. Finally, ExodusPoint Capital Management LP raised its position in shares of Ambarella by 97.1% in the fourth quarter. ExodusPoint Capital Management LP now owns 20,664 shares of the semiconductor company’s stock valued at $1,503,000 after purchasing an additional 10,182 shares during the period. Institutional investors and hedge funds own 82.09% of the company’s stock.

Insiders Place Their Bets

In other news, CTO Leslie Kohn sold 1,584 shares of the company’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 value of $87,151.68. Following the sale, the chief technology officer now directly owns 981,392 shares in the company, valued at approximately $53,996,187.84. This represents a 0.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Christopher Day sold 479 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $55.02, for a total value of $26,354.58. Following the completion of the transaction, the vice president now directly owns 15,441 shares of the company’s stock, valued at approximately $849,563.82. The trade was a 3.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,328 shares of company stock worth $513,467 over the last 90 days. Corporate insiders own 5.70% of the company’s stock.

Ambarella Trading Down 1.2 %

AMBA opened at $40.95 on Wednesday. The stock’s 50 day simple moving average is $55.04 and its 200-day simple moving average is $63.97. The stock has a market cap of $1.74 billion, a PE ratio of -10.61 and a beta of 1.86. Ambarella, Inc. has a 1 year low of $38.86 and a 1 year high of $85.15.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AMBA. Susquehanna raised their target price on shares of Ambarella from $95.00 to $100.00 and gave the company a “positive” rating in a research note on Wednesday, January 22nd. Rosenblatt Securities reiterated a “buy” rating and issued a $100.00 price objective on shares of Ambarella in a research note on Thursday, February 27th. Stifel Nicolaus decreased their target price on Ambarella from $100.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. StockNews.com raised Ambarella from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. Finally, Needham & Company LLC upped their price target on Ambarella from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $85.00.

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.