Nuveen Asset Management LLC Lowers Stock Holdings in Ambarella, Inc. (NASDAQ:AMBA)

Nuveen Asset Management LLC decreased its stake in Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 2.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 603,541 shares of the semiconductor company's stock after selling 16,638 shares during the quarter. Nuveen Asset Management LLC owned approximately 1.45% of Ambarella worth $43,902,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Ambarella by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 4,696,124 shares of the semiconductor company's stock worth $341,596,000 after purchasing an additional 81,557 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Ambarella by 7.3% during 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 last quarter. Millennium Management LLC lifted its stake in shares of Ambarella by 11.5% during the fourth quarter. Millennium Management LLC now owns 1,394,192 shares of the semiconductor company's stock valued at $101,414,000 after acquiring an additional 144,268 shares during the period. William Blair Investment Management LLC boosted its holdings in Ambarella by 8.9% in the fourth quarter. William Blair Investment Management LLC now owns 829,052 shares of the semiconductor company's stock valued at $60,305,000 after acquiring an additional 68,044 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. bought a new position in Ambarella in the fourth quarter valued at about $52,770,000. Institutional investors and hedge funds own 82.09% of the company's stock.

Insider Buying and Selling

In other news, CTO Leslie Kohn sold 1,584 shares of Ambarella stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $55.02, for a total value of $87,151.68. Following the transaction, the chief technology officer now owns 981,392 shares in the company, valued at approximately $53,996,187.84. This trade represents a 0.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Feng-Ming Wang sold 3,194 shares of Ambarella stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $55.02, for a total value of $175,733.88. Following the transaction, the chief executive officer now directly owns 798,311 shares in the company, valued at $43,923,071.22. The trade was a 0.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In 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.

Ambarella Trading Down 1.6%

Shares of AMBA traded down $1.03 during mid-day trading on Friday, reaching $62.11. The company's stock had a trading volume of 478,956 shares, compared to its average volume of 698,610. Ambarella, Inc. has a 1-year low of $38.86 and a 1-year high of $85.15. The stock has a market cap of $2.63 billion, a P/E ratio of -16.09 and a beta of 1.99. The business has a 50-day simple moving average of $50.78 and a two-hundred day simple moving average of $63.44.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Stifel Nicolaus dropped their price objective on Ambarella from $100.00 to $80.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Wall Street Zen upgraded Ambarella from a "sell" rating to a "hold" rating in a report on Friday, February 28th. Needham & Company LLC upped their price objective on Ambarella from $100.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $100.00 price objective on shares of Ambarella in a report on Thursday, February 27th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, Ambarella presently has an average rating of "Moderate Buy" and a consensus target price 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.