Ambarella, Inc. (NASDAQ:AMBA) Shares Sold by Holocene Advisors LP

Holocene Advisors LP lowered its stake in shares of Ambarella, Inc. (NASDAQ:AMBA) by 43.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 34,659 shares of the semiconductor company’s stock after selling 26,152 shares during the quarter. Holocene Advisors LP’s holdings in Ambarella were worth $1,955,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Meeder Asset Management Inc. acquired a new stake in Ambarella during the 2nd quarter worth about $26,000. Blue Trust Inc. lifted its holdings in shares of Ambarella by 180.3% during the third quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 321 shares during the period. CWM LLC boosted its position in Ambarella by 127.7% in the second quarter. CWM LLC now owns 542 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 304 shares during the last quarter. Signaturefd LLC increased its holdings in Ambarella by 389.6% in the 3rd quarter. Signaturefd LLC now owns 661 shares of the semiconductor company’s stock worth $37,000 after buying an additional 526 shares during the period. Finally, Larson Financial Group LLC raised its position in Ambarella by 6,014.3% during the 3rd quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company’s stock worth $48,000 after buying an additional 842 shares during the last quarter. 82.09% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Ambarella

In related news, VP Christopher Day sold 1,278 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $71.61, for a total transaction of $91,517.58. Following the completion of the transaction, the vice president now owns 17,188 shares in the company, valued at $1,230,832.68. This represents a 6.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Leslie Kohn sold 1,608 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $53.54, for a total transaction of $86,092.32. Following the completion of the transaction, the chief technology officer now directly owns 961,433 shares in the company, valued at $51,475,122.82. This represents a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,356 shares of company stock valued at $859,210. 5.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Northland Securities reiterated an “outperform” rating and issued a $95.00 price objective (up previously from $75.00) on shares of Ambarella in a research note on Wednesday, November 27th. Susquehanna upped their price target on shares of Ambarella from $70.00 to $85.00 and gave the company a “positive” rating in a report on Wednesday, November 27th. Morgan Stanley lifted their price objective on Ambarella from $73.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Roth Mkm restated a “neutral” rating and issued a $60.00 target price on shares of Ambarella in a research note on Wednesday, August 28th. Finally, TD Cowen raised their target price on Ambarella from $65.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.92.

Ambarella Price Performance

Ambarella stock opened at $71.70 on Friday. The stock has a market capitalization of $2.96 billion, a PE ratio of -18.58 and a beta of 1.68. The business has a 50 day simple moving average of $60.84 and a 200-day simple moving average of $56.11. Ambarella, Inc. has a 12 month low of $39.69 and a 12 month high of $81.32.

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.