FNY Investment Advisers LLC Has $163,000 Stake in Ambarella, Inc. (NASDAQ:AMBA)

FNY Investment Advisers LLC boosted its holdings in Ambarella, Inc. (NASDAQ:AMBA) by 52.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,248 shares of the semiconductor company’s stock after purchasing an additional 770 shares during the quarter. FNY Investment Advisers LLC’s holdings in Ambarella were worth $163,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Lord Abbett & CO. LLC acquired a new position in shares of Ambarella during the third quarter valued at about $3,905,000. Geode Capital Management LLC raised its holdings in shares of Ambarella by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 916,757 shares of the semiconductor company’s stock worth $51,719,000 after acquiring an additional 14,568 shares during the last quarter. Sender Co & Partners Inc. acquired a new stake in shares of Ambarella in the 3rd quarter worth about $481,000. Barclays PLC boosted its stake in Ambarella by 281.3% during the 3rd quarter. Barclays PLC now owns 388,090 shares of the semiconductor company’s stock valued at $21,891,000 after purchasing an additional 286,296 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd boosted its stake in Ambarella by 8.7% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 12,573 shares of the semiconductor company’s stock valued at $709,000 after purchasing an additional 1,002 shares during the last quarter. Institutional investors own 82.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Bank of America upgraded Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 target price on the stock in a report on Monday, December 16th. Craig Hallum lifted their price objective on shares of Ambarella from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. StockNews.com lowered shares of Ambarella from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. Rosenblatt Securities reissued a “buy” rating and set a $100.00 price target on shares of Ambarella in a research report on Friday, December 6th. Finally, Susquehanna upped their price objective on shares of Ambarella from $70.00 to $85.00 and gave the stock a “positive” rating in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $84.17.

Insider Buying and Selling at Ambarella

In other news, CEO Feng-Ming Wang sold 4,296 shares of Ambarella stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $75.41, for a total value of $323,961.36. Following the completion of the transaction, the chief executive officer now owns 755,231 shares in the company, valued at $56,951,969.71. This trade represents a 0.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John Alexander Young sold 2,136 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $75.41, for a total transaction of $161,075.76. Following the completion of the sale, the chief financial officer now directly owns 101,393 shares in the company, valued at approximately $7,646,046.13. This trade represents a 2.06 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,861 shares of company stock valued at $1,869,536. Company insiders own 5.70% of the company’s stock.

Ambarella Stock Down 0.8 %

Shares of AMBA stock opened at $73.90 on Wednesday. The firm has a market cap of $3.08 billion, a P/E ratio of -19.15 and a beta of 1.66. The company has a 50 day moving average of $69.54 and a 200-day moving average of $59.86. Ambarella, Inc. has a 12-month low of $39.69 and a 12-month high of $81.32.

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.