Captrust Financial Advisors Acquires Shares of 4,954 Ambarella, Inc. (NASDAQ:AMBA)

Captrust Financial Advisors acquired a new stake in Ambarella, Inc. (NASDAQ:AMBA) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,954 shares of the semiconductor company’s stock, valued at approximately $360,000.

Other large investors also recently bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ boosted its stake in Ambarella by 68.7% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 184 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in Ambarella in the fourth quarter valued at $37,000. Sterling Capital Management LLC boosted its stake in Ambarella by 629.3% in the fourth quarter. Sterling Capital Management LLC now owns 598 shares of the semiconductor company’s stock valued at $43,000 after acquiring an additional 516 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Ambarella in the fourth quarter valued at $53,000. Finally, Johnson Financial Group Inc. acquired a new position in Ambarella in the fourth quarter valued at $71,000. Institutional investors and hedge funds own 82.09% of the company’s stock.

Insider Buying and Selling

In other Ambarella news, Director Christopher B. Paisley sold 500 shares of the stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $55.50, for a total value of $27,750.00. Following the completion of the transaction, the director now directly owns 40,281 shares of the company’s stock, valued at approximately $2,235,595.50. This trade represents a 1.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Christopher Day sold 479 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 transaction 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. This trade represents a 3.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,328 shares of company stock valued at $513,467 over the last ninety days. Corporate insiders own 5.30% of the company’s stock.

Ambarella Stock Up 1.5%

NASDAQ AMBA opened at $64.27 on Wednesday. The stock has a market capitalization of $2.73 billion, a P/E ratio of -16.65 and a beta of 1.99. Ambarella, Inc. has a 52-week low of $38.86 and a 52-week high of $85.15. The firm has a 50-day moving average price of $50.30 and a 200 day moving average price of $63.33.

Analyst Ratings Changes

A number of equities research analysts have recently commented on AMBA shares. Needham & Company LLC upped their target price on shares of Ambarella from $100.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, February 27th. StockNews.com raised shares of Ambarella from a “sell” rating to a “hold” rating in a report on Friday, February 28th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $100.00 target price on shares of Ambarella in a report on Thursday, February 27th. Stifel Nicolaus reduced their target price on shares of Ambarella from $100.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, April 17th. Finally, Susquehanna upped their target price on shares of Ambarella from $95.00 to $100.00 and gave the company a “positive” rating in a report on Wednesday, January 22nd. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from 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.