Captrust Financial Advisors Takes $360,000 Position in Ambarella, Inc. (NASDAQ:AMBA)

Captrust Financial Advisors acquired a new stake in shares of Ambarella, Inc. (NASDAQ:AMBA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 4,954 shares of the semiconductor company's stock, valued at approximately $360,000.

Several other hedge funds and other institutional investors have also made changes to their positions in AMBA. Fuller & Thaler Asset Management Inc. bought a new position in shares of Ambarella in the 4th quarter valued at about $52,770,000. Invesco Ltd. lifted its holdings in shares of Ambarella by 736.7% in the 4th quarter. Invesco Ltd. now owns 335,730 shares of the semiconductor company's stock valued at $24,421,000 after acquiring an additional 295,606 shares during the last quarter. Barclays PLC raised its position in Ambarella by 281.3% in the 3rd 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 period. Alliancebernstein L.P. raised its position in Ambarella by 345.2% in the 4th quarter. Alliancebernstein L.P. now owns 189,235 shares of the semiconductor company's stock worth $13,765,000 after purchasing an additional 146,729 shares during the period. Finally, Algert Global LLC raised its position in Ambarella by 119.4% in the 4th quarter. Algert Global LLC now owns 208,431 shares of the semiconductor company's stock worth $15,161,000 after purchasing an additional 113,432 shares during the period. Institutional investors own 82.09% of the company's stock.

Analysts Set New Price Targets

AMBA has been the topic of a number of recent analyst reports. Rosenblatt Securities reissued a "buy" rating and issued a $100.00 price objective on shares of Ambarella in a research report 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 on the stock in a research report on Thursday, April 17th. Needham & Company LLC increased their price objective on shares of Ambarella from $100.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Finally, Wall Street Zen raised shares of Ambarella from a "sell" rating to a "hold" rating in a research report on Friday, February 28th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $85.00.

Insider Buying and Selling

In related news, 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 completion of the transaction, the director now owns 40,281 shares of the company's stock, valued at $2,235,595.50. The trade was a 1.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Feng-Ming Wang sold 3,194 shares of the business'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 transaction of $175,733.88. Following the completion of the transaction, the chief executive officer now directly owns 798,311 shares of the company's stock, valued at $43,923,071.22. This trade represents a 0.40% 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 over the last 90 days. Corporate insiders own 5.30% of the company's stock.

Ambarella Trading Down 1.6%

Shares of Ambarella stock traded down $1.03 on Monday, hitting $62.11. 478,956 shares of the company traded hands, compared to its average volume of 698,610. The stock's 50 day moving average price is $50.92 and its 200-day moving average price is $63.45. Ambarella, Inc. has a 52 week low of $38.86 and a 52 week high of $85.15. The company has a market cap of $2.63 billion, a PE ratio of -16.09 and a beta of 1.99.

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.