Algert Global LLC Purchases 113,432 Shares of Ambarella, Inc. (NASDAQ:AMBA)

Algert Global LLC boosted its holdings in shares of Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 119.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 208,431 shares of the semiconductor company's stock after buying an additional 113,432 shares during the quarter. Ambarella makes up approximately 0.4% of Algert Global LLC's investment portfolio, making the stock its 29th largest position. Algert Global LLC owned approximately 0.50% of Ambarella worth $15,161,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Ambarella by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 4,696,124 shares of the semiconductor company's stock worth $341,596,000 after purchasing an additional 81,557 shares during the period. The Manufacturers Life Insurance Company grew its stake in Ambarella by 7.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,452,128 shares of the semiconductor company's stock valued at $105,628,000 after buying an additional 98,841 shares during the last quarter. William Blair Investment Management LLC grew its stake in Ambarella by 8.9% in the 4th quarter. William Blair Investment Management LLC now owns 829,052 shares of the semiconductor company's stock valued at $60,305,000 after buying an additional 68,044 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new position in Ambarella in the 4th quarter valued at about $52,770,000. Finally, Stephens Investment Management Group LLC lifted its position in Ambarella by 0.5% during the fourth quarter. Stephens Investment Management Group LLC now owns 503,468 shares of the semiconductor company's stock worth $36,622,000 after acquiring an additional 2,432 shares during the last quarter. Institutional investors own 82.09% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Needham & Company LLC increased their price objective on Ambarella from $100.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Stifel Nicolaus dropped their price objective on shares of Ambarella from $100.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. StockNews.com upgraded shares of Ambarella from a "sell" rating to a "hold" rating in a research report on Friday, February 28th. Rosenblatt Securities reiterated a "buy" rating and issued a $100.00 price target on shares of Ambarella in a research report on Thursday, February 27th. Finally, Susquehanna increased their price target on Ambarella from $95.00 to $100.00 and gave the stock a "positive" rating in a research report on Wednesday, January 22nd. Five research 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 company has an average rating of "Moderate Buy" and a consensus target price of $85.00.

Insider Activity at Ambarella

In related news, VP Christopher Day sold 479 shares of the business'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 transaction, the vice president now owns 15,441 shares in the company, valued at $849,563.82. The trade was a 3.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Feng-Ming Wang sold 3,194 shares of the stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $55.02, for a total value of $175,733.88. Following the sale, the chief executive officer now owns 798,311 shares of the company's stock, valued at approximately $43,923,071.22. The trade was a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,328 shares of company stock worth $513,467 over the last three months. Company insiders own 5.70% of the company's stock.

Ambarella Stock Performance

Shares of NASDAQ:AMBA traded up $0.55 during midday trading on Friday, hitting $53.39. 303,776 shares of the stock were exchanged, compared to its average volume of 805,181. The business's 50-day moving average price is $48.96 and its 200 day moving average price is $63.14. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of -13.83 and a beta of 1.99. Ambarella, Inc. has a 12 month low of $38.86 and a 12 month 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.