Ambarella, Inc. (NASDAQ:AMBA) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. reduced its position in Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 14.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,328 shares of the semiconductor company's stock after selling 6,092 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.09% of Ambarella worth $2,715,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Skandinaviska Enskilda Banken AB publ increased its holdings in Ambarella by 68.7% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company's stock worth $32,000 after acquiring an additional 184 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in Ambarella during the fourth quarter worth about $37,000. Sterling Capital Management LLC grew its stake in shares of Ambarella by 629.3% in the fourth quarter. Sterling Capital Management LLC now owns 598 shares of the semiconductor company's stock worth $43,000 after acquiring an additional 516 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Ambarella in the fourth quarter valued at approximately $53,000. Finally, R Squared Ltd purchased a new position in shares of Ambarella in the 4th quarter valued at about $68,000. Institutional investors own 82.09% of the company's stock.

Insiders Place Their Bets

In other Ambarella news, VP Christopher Day sold 479 shares of the 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 $26,354.58. Following the completion of the sale, the vice president now owns 15,441 shares of the company's stock, valued at $849,563.82. This trade represents a 3.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO John Alexander Young sold 2,103 shares of the business's 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 completion of the sale, 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,328 shares of company stock worth $513,467. Corporate insiders own 5.30% of the company's stock.

Ambarella Trading Up 1.7%

Shares of AMBA traded up $1.08 during mid-day trading on Tuesday, hitting $64.40. The company's stock had a trading volume of 331,627 shares, compared to its average volume of 791,658. Ambarella, Inc. has a 1-year low of $38.86 and a 1-year high of $85.15. The firm has a market capitalization of $2.73 billion, a P/E ratio of -16.61 and a beta of 1.99. The firm has a 50-day simple moving average of $50.06 and a 200 day simple moving average of $63.32.

Analysts Set New Price Targets

Several equities analysts have issued reports on AMBA shares. Needham & Company LLC raised their price objective on Ambarella from $100.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. StockNews.com upgraded Ambarella from a "sell" rating to a "hold" rating in a research note on Friday, February 28th. Rosenblatt Securities reiterated a "buy" rating and issued a $100.00 price objective on shares of Ambarella in a research note on Thursday, February 27th. Stifel Nicolaus lowered their target price 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. Finally, Susquehanna upped their price target on shares of Ambarella from $95.00 to $100.00 and gave the company a "positive" rating in a research report on Wednesday, January 22nd. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company 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.