Deutsche Bank AG Acquires 29,123 Shares of Ambarella, Inc. (NASDAQ:AMBA)

Deutsche Bank AG lifted its position in shares of Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 62.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,529 shares of the semiconductor company's stock after buying an additional 29,123 shares during the period. Deutsche Bank AG owned about 0.18% of Ambarella worth $5,494,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of AMBA. Barclays PLC boosted its position in shares of Ambarella by 281.3% during the third quarter. Barclays PLC now owns 388,090 shares of the semiconductor company's stock worth $21,891,000 after buying an additional 286,296 shares during the period. Tributary Capital Management LLC raised its holdings in Ambarella by 15.4% during the fourth quarter. Tributary Capital Management LLC now owns 287,565 shares of the semiconductor company's stock worth $20,917,000 after acquiring an additional 38,380 shares in the last quarter. Register Financial Advisors LLC acquired a new position in Ambarella during the fourth quarter valued at approximately $240,000. Pacer Advisors Inc. boosted its position in Ambarella by 24.2% during the fourth quarter. Pacer Advisors Inc. now owns 965 shares of the semiconductor company's stock valued at $70,000 after purchasing an additional 188 shares during the last quarter. Finally, R Squared Ltd acquired a new position in Ambarella during the fourth quarter valued at approximately $68,000. 82.09% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Ambarella news, VP Christopher Day sold 479 shares of the firm's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $55.02, for a total transaction of $26,354.58. Following the transaction, the vice president now owns 15,441 shares in the company, valued at $849,563.82. This trade represents a 3.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christopher B. Paisley sold 500 shares of the firm's stock in a transaction on Tuesday, March 25th. The stock was 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 in the company, valued at approximately $2,235,595.50. This trade represents a 1.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,328 shares of company stock worth $513,467 in the last 90 days. Company insiders own 5.70% of the company's stock.

Ambarella Stock Performance

NASDAQ:AMBA traded down $0.45 during mid-day trading on Thursday, hitting $63.14. 683,467 shares of the stock were exchanged, compared to its average volume of 695,599. The firm's 50-day simple moving average is $50.47 and its 200 day simple moving average is $63.33. Ambarella, Inc. has a fifty-two week low of $38.86 and a fifty-two week high of $85.15. The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of -16.36 and a beta of 1.99.

Analyst Ratings Changes

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

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.