UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Stake in Ambarella, Inc. (NASDAQ:AMBA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in shares of Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 2.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 652,355 shares of the semiconductor company's stock after selling 13,931 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 1.56% of Ambarella worth $47,452,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of AMBA. Vanguard Group Inc. lifted its position in Ambarella by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 4,696,124 shares of the semiconductor company's stock valued at $341,596,000 after acquiring an additional 81,557 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Ambarella by 7.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,452,128 shares of the semiconductor company's stock valued at $105,628,000 after purchasing an additional 98,841 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Ambarella by 11.5% during the 4th quarter. Millennium Management LLC now owns 1,394,192 shares of the semiconductor company's stock valued at $101,414,000 after purchasing an additional 144,268 shares during the last quarter. William Blair Investment Management LLC boosted its position in shares of Ambarella by 8.9% in the 4th quarter. William Blair Investment Management LLC now owns 829,052 shares of the semiconductor company's stock worth $60,305,000 after purchasing an additional 68,044 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. purchased a new position in Ambarella during the 4th quarter worth $52,770,000. 82.09% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, VP Christopher Day sold 479 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 $26,354.58. Following the completion of the sale, the vice president now directly owns 15,441 shares in the company, valued at approximately $849,563.82. The trade was a 3.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christopher B. Paisley sold 500 shares of the company's stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $55.50, for a total transaction of $27,750.00. Following the sale, the director now directly owns 40,281 shares of the company's stock, valued at $2,235,595.50. The trade was a 1.23% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,328 shares of company stock worth $513,467. Company insiders own 5.30% of the company's stock.

Ambarella Trading Down 0.1%

Shares of Ambarella stock traded down $0.08 during trading hours on Wednesday, reaching $62.40. The stock had a trading volume of 658,554 shares, compared to its average volume of 698,977. Ambarella, Inc. has a twelve month low of $38.86 and a twelve month high of $85.15. The firm has a market capitalization of $2.65 billion, a PE ratio of -16.17 and a beta of 1.99. The stock's 50 day moving average is $51.24 and its 200 day moving average is $63.43.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus dropped their price target on Ambarella from $100.00 to $80.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Needham & Company LLC upped their price target on shares of Ambarella from $100.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Rosenblatt Securities reiterated a "buy" rating and set a $100.00 price objective on shares of Ambarella in a research note on Thursday, February 27th. Morgan Stanley dropped their price objective on shares of Ambarella from $90.00 to $80.00 and set an "overweight" rating on the stock in a report on Tuesday. Finally, Wall Street Zen upgraded Ambarella from a "sell" rating to a "hold" rating in a research note on Friday, February 28th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Ambarella currently has an average rating of "Moderate Buy" and a consensus price target of $84.17.

Ambarella Company 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.