Collar Capital Management LLC Takes Position in Ambarella, Inc. (NASDAQ:AMBA)

Collar Capital Management LLC purchased a new position in shares of Ambarella, Inc. (NASDAQ:AMBA - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 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 hedge funds and other institutional investors have also recently made changes to their positions in the company. Corton Capital Inc. purchased a new position in shares of Ambarella in the 4th quarter valued at about $506,000. Captrust Financial Advisors purchased a new position in Ambarella in the 4th quarter worth approximately $360,000. Algert Global LLC grew its holdings in Ambarella by 119.4% in the 4th quarter. Algert Global LLC now owns 208,431 shares of the semiconductor company's stock valued at $15,161,000 after buying an additional 113,432 shares in the last quarter. Northern Trust Corp raised its stake in Ambarella by 14.2% during the fourth quarter. Northern Trust Corp now owns 383,036 shares of the semiconductor company's stock worth $27,862,000 after purchasing an additional 47,751 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in Ambarella by 7.3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,452,128 shares of the semiconductor company's stock worth $105,628,000 after acquiring an additional 98,841 shares during the period. Hedge funds and other institutional investors own 82.09% of the company's stock.

Ambarella Trading Up 9.6%

Shares of NASDAQ AMBA traded up $5.16 during trading on Monday, reaching $59.01. The company had a trading volume of 303,700 shares, compared to its average volume of 691,592. Ambarella, Inc. has a twelve month low of $38.86 and a twelve month high of $85.15. The stock has a market capitalization of $2.50 billion, a PE ratio of -15.29 and a beta of 1.99. The stock has a 50-day moving average price of $48.93 and a two-hundred day moving average price of $63.19.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Stifel Nicolaus dropped their price target 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. Susquehanna boosted their target price on Ambarella from $95.00 to $100.00 and gave the stock a "positive" rating in a research note on Wednesday, January 22nd. Rosenblatt Securities reiterated a "buy" rating and issued a $100.00 price objective on shares of Ambarella 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. Finally, Needham & Company LLC raised their target price on shares of Ambarella from $100.00 to $110.00 and gave the company a "buy" rating in a report 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 MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $85.00.

Insiders Place Their Bets

In other Ambarella news, COO Chan W. Lee sold 1,468 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $55.02, for a total value of $80,769.36. Following 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 position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Christopher B. Paisley sold 500 shares of Ambarella stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $55.50, for a total value of $27,750.00. Following the completion of the transaction, the director now owns 40,281 shares of the company's stock, valued at $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. In the last ninety days, insiders have sold 9,328 shares of company stock valued at $513,467. Insiders own 5.30% of the company's stock.

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.