11,198 Shares in Ambarella, Inc. (NASDAQ:AMBA) Purchased by Moody National Bank Trust Division

Moody National Bank Trust Division purchased a new position in Ambarella, Inc. (NASDAQ:AMBA - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,198 shares of the semiconductor company's stock, valued at approximately $564,000.

Other institutional investors have also recently made changes to their positions in the company. Asset Management One Co. Ltd. purchased a new position in Ambarella during the fourth quarter valued at $553,000. Artemis Wealth Advisors LLC purchased a new position in Ambarella in the 4th quarter worth approximately $1,455,000. Pinnacle Wealth Management Advisory Group LLC purchased a new stake in shares of Ambarella during the 4th quarter worth approximately $256,000. Van ECK Associates Corp raised its holdings in shares of Ambarella by 118.1% during the 4th quarter. Van ECK Associates Corp now owns 9,951 shares of the semiconductor company's stock worth $724,000 after acquiring an additional 5,388 shares in the last quarter. Finally, D.A. Davidson & CO. bought a new position in shares of Ambarella during the 4th quarter valued at approximately $1,672,000. Institutional investors own 82.09% of the company's stock.

Ambarella Stock Performance

Shares of Ambarella stock traded up $1.35 during trading hours on Wednesday, reaching $55.22. The company's stock had a trading volume of 421,150 shares, compared to its average volume of 711,282. The company's 50 day simple moving average is $51.30 and its 200 day simple moving average is $63.36. Ambarella, Inc. has a one year low of $38.86 and a one year high of $85.15. The stock has a market cap of $2.34 billion, a P/E ratio of -14.31 and a beta of 1.99.

Insider Buying and Selling

In other news, CFO John Alexander Young sold 2,103 shares of Ambarella stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $55.02, for a total value of $115,707.06. Following the transaction, the chief financial officer now owns 113,886 shares of the company's stock, valued at $6,266,007.72. This trade represents a 1.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Feng-Ming Wang sold 3,194 shares of Ambarella stock in a transaction that occurred on Tuesday, March 18th. The shares were 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 in the company, valued at approximately $43,923,071.22. This represents a 0.40% 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 valued at $513,467 in the last quarter. Company insiders own 5.30% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AMBA. Morgan Stanley decreased their price objective on Ambarella from $90.00 to $80.00 and set an "overweight" rating for the company in a research note on Tuesday, May 27th. Stifel Nicolaus cut their price objective on Ambarella from $100.00 to $80.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Rosenblatt Securities raised their target price on Ambarella from $87.00 to $95.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Summit Insights upgraded Ambarella to a "hold" rating in a research report on Thursday, May 29th. Finally, Wall Street Zen raised Ambarella from a "sell" rating to a "hold" rating in a research note on Friday, February 28th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Ambarella has an average rating of "Moderate Buy" and an average target price of $84.55.

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.