Collar Capital Management LLC Makes New $1.59 Million Investment in Ambarella, Inc. (NASDAQ:AMBA)

Collar Capital Management LLC acquired a new position in Ambarella, Inc. (NASDAQ:AMBA - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 21,798 shares of the semiconductor company's stock, valued at approximately $1,586,000. Collar Capital Management LLC owned approximately 0.05% of Ambarella at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Ambarella by 68.7% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company's stock valued at $32,000 after buying an additional 184 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in Ambarella during the 4th quarter valued at about $37,000. Sterling Capital Management LLC boosted its stake in Ambarella by 629.3% during the fourth quarter. Sterling Capital Management LLC now owns 598 shares of the semiconductor company's stock worth $43,000 after acquiring an additional 516 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Ambarella in the fourth quarter worth about $53,000. Finally, Johnson Financial Group Inc. bought a new position in shares of Ambarella during the fourth quarter valued at approximately $71,000. 82.09% of the stock is owned by hedge funds and other institutional investors.

Ambarella Stock Performance

Shares of NASDAQ AMBA traded up $1.01 during midday trading on Friday, hitting $53.85. 569,216 shares of the company's stock traded hands, compared to its average volume of 691,838. The firm has a fifty day moving average of $48.93 and a 200 day moving average of $63.12. Ambarella, Inc. has a 1 year low of $38.86 and a 1 year high of $85.15. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of -13.95 and a beta of 1.99.

Insider Buying and Selling at Ambarella

In other news, CFO John Alexander Young sold 2,103 shares of the company's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $55.02, for a total value of $115,707.06. Following the completion of the sale, the chief financial officer now directly owns 113,886 shares in the company, valued at $6,266,007.72. This represents a 1.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Christopher B. Paisley sold 500 shares of the business's stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $55.50, for a total value 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. This trade represents a 1.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,328 shares of company stock valued at $513,467. Insiders own 5.70% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.