Mariner LLC Acquires 460 Shares of Ambarella, Inc. (NASDAQ:AMBA)

Mariner LLC lifted its holdings in shares of Ambarella, Inc. (NASDAQ:AMBA) by 8.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,098 shares of the semiconductor company’s stock after acquiring an additional 460 shares during the quarter. Mariner LLC’s holdings in Ambarella were worth $444,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in AMBA. Skandinaviska Enskilda Banken AB publ boosted its position in Ambarella by 68.7% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 184 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in shares of Ambarella during the 4th quarter worth about $37,000. Sterling Capital Management LLC boosted its holdings in shares of Ambarella by 629.3% during the 4th quarter. Sterling Capital Management LLC now owns 598 shares of the semiconductor company’s stock worth $43,000 after buying an additional 516 shares during the period. SBI Securities Co. Ltd. acquired a new position in Ambarella in the 4th quarter valued at about $53,000. Finally, R Squared Ltd bought a new position in Ambarella in the 4th quarter valued at about $68,000. 82.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMBA has been the topic of several research reports. Stifel Nicolaus decreased their target price on Ambarella from $100.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. StockNews.com raised Ambarella from a “sell” rating to a “hold” rating in a report on Friday, February 28th. Rosenblatt Securities reissued a “buy” rating and set a $100.00 target price on shares of Ambarella in a report on Thursday, February 27th. Susquehanna upped their price target 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. Finally, Needham & Company LLC lifted their price objective on shares of Ambarella from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Five analysts have rated the stock with a hold rating and eight have assigned 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 $85.00.

Insider Activity at Ambarella

In related news, CFO John Alexander Young sold 2,103 shares of the business’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $55.02, for a total transaction of $115,707.06. Following the sale, the chief financial officer now owns 113,886 shares in the company, valued at $6,266,007.72. The trade was a 1.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Feng-Ming Wang sold 3,194 shares of the stock in a transaction dated 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 owns 798,311 shares of the company’s stock, valued at $43,923,071.22. This represents a 0.40 % 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 valued at $513,467 over the last ninety days. 5.70% of the stock is owned by corporate insiders.

Ambarella Stock Performance

Shares of AMBA stock opened at $50.43 on Friday. Ambarella, Inc. has a fifty-two week low of $38.86 and a fifty-two week high of $85.15. The stock’s fifty day moving average price is $50.02 and its two-hundred day moving average price is $63.32. The company has a market cap of $2.14 billion, a PE ratio of -13.06 and a beta of 1.86.

Ambarella 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.