Ambarella, Inc. (NASDAQ:AMBA) Shares Bought by Algert Global LLC

Algert Global LLC grew its stake in Ambarella, Inc. (NASDAQ:AMBA) by 119.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 208,431 shares of the semiconductor company’s stock after purchasing an additional 113,432 shares during the quarter. Ambarella makes up approximately 0.4% of Algert Global LLC’s holdings, making the stock its 29th biggest holding. Algert Global LLC owned about 0.50% of Ambarella worth $15,161,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at Ambarella

In other news, Director Christopher B. Paisley sold 500 shares of Ambarella stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $55.50, for a total transaction of $27,750.00. Following the transaction, the director now directly owns 40,281 shares in the company, valued at approximately $2,235,595.50. This trade represents a 1.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Christopher Day sold 479 shares of the company’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $55.02, for a total value of $26,354.58. Following the completion of the sale, the vice president now owns 15,441 shares of the company’s stock, valued at approximately $849,563.82. This trade represents a 3.01 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,328 shares of company stock valued at $513,467. Company insiders own 5.70% of the company’s stock.

Wall Street Analyst Weigh In

AMBA has been the subject of several research reports. Rosenblatt Securities reaffirmed a “buy” rating and issued a $100.00 price target on shares of Ambarella in a report on Thursday, February 27th. Needham & Company LLC lifted their target price on Ambarella from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Stifel Nicolaus lowered their target price on Ambarella from $100.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, April 17th. StockNews.com raised Ambarella from a “sell” rating to a “hold” rating in a report on Friday, February 28th. Finally, Susquehanna upped their price objective on Ambarella from $95.00 to $100.00 and gave the stock a “positive” rating in a research note on Wednesday, January 22nd. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Ambarella has an average rating of “Moderate Buy” and a consensus target price of $85.00.

Ambarella Stock Up 4.7 %

Shares of NASDAQ AMBA opened at $50.43 on Friday. The stock has a market cap of $2.14 billion, a P/E ratio of -13.06 and a beta of 1.86. The firm’s 50-day simple moving average is $50.02 and its 200 day simple moving average is $63.37. Ambarella, Inc. has a fifty-two week low of $38.86 and a fifty-two week high of $85.15.

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.