Barclays PLC cut its holdings in shares of Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 43.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 217,900 shares of the semiconductor company's stock after selling 170,190 shares during the period. Barclays PLC owned about 0.52% of Ambarella worth $15,850,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Ambarella by 1.8% in 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 in the last quarter. Geode Capital Management LLC grew its position in shares of Ambarella by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 916,757 shares of the semiconductor company's stock valued at $51,719,000 after acquiring an additional 14,568 shares during the period. William Blair Investment Management LLC increased its stake in shares of 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 purchasing an additional 68,044 shares in the last quarter. Stephens Investment Management Group LLC raised its holdings in Ambarella by 0.5% in the 4th 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 period. Finally, Invesco Ltd. boosted its position in Ambarella by 736.7% during the fourth quarter. Invesco Ltd. now owns 335,730 shares of the semiconductor company's stock worth $24,421,000 after purchasing an additional 295,606 shares in the last quarter. 82.09% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
AMBA has been the subject of several research analyst reports. Rosenblatt Securities reaffirmed a "buy" rating and set a $100.00 target price on shares of Ambarella in a research note on Thursday, February 27th. Stifel Nicolaus reduced their price objective on shares of Ambarella from $100.00 to $80.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Needham & Company LLC lifted their target price on shares of Ambarella from $100.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. StockNews.com upgraded shares of Ambarella from a "sell" rating to a "hold" rating in a research report on Friday, February 28th. Finally, Susquehanna lifted their price objective on Ambarella from $95.00 to $100.00 and gave the stock a "positive" rating in a 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $85.00.
Check Out Our Latest Stock Report on AMBA
Ambarella Stock Performance
Shares of NASDAQ:AMBA traded up $0.22 during trading on Friday, hitting $46.88. The company's stock had a trading volume of 81,089 shares, compared to its average volume of 694,193. Ambarella, Inc. has a fifty-two week low of $38.86 and a fifty-two week high of $85.15. The business has a 50 day moving average price of $53.73 and a two-hundred day moving average price of $63.76. The company has a market capitalization of $1.99 billion, a PE ratio of -12.14 and a beta of 1.86.
Insider Buying and Selling
In other news, VP Christopher Day sold 479 shares of the firm'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 sale, the vice president now directly owns 15,441 shares in the company, valued at approximately $849,563.82. This trade represents a 3.01 % 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, Director Christopher B. Paisley sold 500 shares of the business's 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 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 position. The disclosure for this sale can be found here. Insiders sold 9,328 shares of company stock valued at $513,467 in the last three months. 5.70% of the stock is owned by corporate insiders.
About Ambarella
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Free Report)
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.
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