Jump Financial LLC Cuts Position in Ambarella, Inc. (NASDAQ:AMBA)

Jump Financial LLC reduced its stake in Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 59.9% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 30,900 shares of the semiconductor company's stock after selling 46,200 shares during the quarter. Jump Financial LLC owned 0.07% of Ambarella worth $2,248,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMBA. Vanguard Group Inc. increased its position in shares of Ambarella by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 4,696,124 shares of the semiconductor company's stock valued at $341,596,000 after buying an additional 81,557 shares during the period. Geode Capital Management LLC increased its position in shares of Ambarella by 1.6% in the third quarter. Geode Capital Management LLC now owns 916,757 shares of the semiconductor company's stock worth $51,719,000 after purchasing an additional 14,568 shares during the last quarter. William Blair Investment Management LLC increased its position in shares of Ambarella by 8.9% in the fourth quarter. William Blair Investment Management LLC now owns 829,052 shares of the semiconductor company's stock worth $60,305,000 after purchasing an additional 68,044 shares during the last quarter. Stephens Investment Management Group LLC increased its position in shares of Ambarella by 0.5% in the fourth quarter. Stephens Investment Management Group LLC now owns 503,468 shares of the semiconductor company's stock worth $36,622,000 after purchasing an additional 2,432 shares during the last quarter. Finally, Barclays PLC increased its position in shares of Ambarella by 281.3% in the third quarter. Barclays PLC now owns 388,090 shares of the semiconductor company's stock worth $21,891,000 after purchasing an additional 286,296 shares during the last quarter. 82.09% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, COO Chan W. Lee sold 1,468 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $55.02, for a total value of $80,769.36. Following the completion of the transaction, the chief operating officer now directly owns 130,297 shares of the company's stock, valued at $7,168,940.94. This represents a 1.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Christopher B. Paisley sold 500 shares of the stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $55.50, for a total transaction of $27,750.00. Following the completion of the transaction, the director now directly owns 40,281 shares of the company's stock, valued at approximately $2,235,595.50. The trade was a 1.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,328 shares of company stock valued at $513,467 over the last quarter. 5.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

Ambarella Trading Up 8.0 %

Shares of NASDAQ:AMBA traded up $3.43 during trading on Thursday, reaching $46.45. 152,497 shares of the company traded hands, compared to its average volume of 695,232. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of -12.01 and a beta of 1.86. Ambarella, Inc. has a 52-week low of $38.86 and a 52-week high of $85.15. The business's fifty day moving average is $54.35 and its 200-day moving average is $63.83.

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.