Ambarella, Inc. (NASDAQ:AMBA) Shares Sold by Atom Investors LP

Atom Investors LP lessened its holdings in shares of Ambarella, Inc. (NASDAQ:AMBA) by 66.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,473 shares of the semiconductor company’s stock after selling 54,690 shares during the quarter. Atom Investors LP owned approximately 0.07% of Ambarella worth $1,550,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of AMBA. Point72 Hong Kong Ltd purchased a new position in shares of Ambarella in the third quarter worth about $326,000. Verition Fund Management LLC raised its holdings in Ambarella by 46.1% in the 3rd quarter. Verition Fund Management LLC now owns 22,894 shares of the semiconductor company’s stock valued at $1,291,000 after acquiring an additional 7,219 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Ambarella by 7.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 666,286 shares of the semiconductor company’s stock valued at $37,582,000 after acquiring an additional 43,874 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Ambarella by 26.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,545 shares of the semiconductor company’s stock worth $426,000 after purchasing an additional 1,591 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Ambarella by 23.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 41,310 shares of the semiconductor company’s stock worth $2,330,000 after purchasing an additional 7,783 shares during the last quarter. Hedge funds and other institutional investors own 82.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on AMBA shares. Roth Mkm reiterated a “neutral” rating and set a $60.00 price objective on shares of Ambarella in a research report on Wednesday, August 28th. StockNews.com raised Ambarella from a “sell” rating to a “hold” rating in a research note on Monday. Westpark Capital reissued a “buy” rating and set a $85.00 price target on shares of Ambarella in a research report on Monday, August 26th. Northland Securities reissued an “outperform” rating and issued a $95.00 price objective (up previously from $75.00) on shares of Ambarella in a report on Wednesday, November 27th. Finally, Susquehanna lifted their target price on shares of Ambarella from $70.00 to $85.00 and gave the stock a “positive” rating in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $81.67.

Insider Activity at Ambarella

In other news, CEO Feng-Ming Wang sold 4,382 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $56.02, for a total value of $245,479.64. Following the completion of the transaction, the chief executive officer now owns 803,574 shares of the company’s stock, valued at approximately $45,016,215.48. This trade represents a 0.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Christopher Day sold 2,904 shares of Ambarella stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $58.00, for a total transaction of $168,432.00. Following the completion of the transaction, the vice president now owns 18,466 shares of the company’s stock, valued at $1,071,028. This trade represents a 13.59 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,460 shares of company stock worth $1,013,172. Insiders own 5.70% of the company’s stock.

Ambarella Stock Performance

Ambarella stock opened at $70.17 on Tuesday. The company’s 50 day simple moving average is $59.60 and its 200-day simple moving average is $55.59. Ambarella, Inc. has a 1 year low of $39.69 and a 1 year high of $81.32. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of -18.18 and a beta of 1.63.

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.