Marshall Wace LLP Lowers Stake in Ambarella, Inc. (NASDAQ:AMBA)

Marshall Wace LLP lessened its position in Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 63.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 202,426 shares of the semiconductor company's stock after selling 353,588 shares during the period. Marshall Wace LLP owned 0.49% of Ambarella worth $14,724,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of AMBA. Vanguard Group Inc. lifted its holdings in Ambarella by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 4,696,124 shares of the semiconductor company's stock worth $341,596,000 after buying an additional 81,557 shares during the period. Geode Capital Management LLC boosted its holdings in Ambarella by 1.6% in the third quarter. Geode Capital Management LLC now owns 916,757 shares of the semiconductor company's stock valued at $51,719,000 after acquiring an additional 14,568 shares in the last quarter. William Blair Investment Management LLC increased its position in Ambarella by 8.9% during the 4th quarter. William Blair Investment Management LLC now owns 829,052 shares of the semiconductor company's stock valued at $60,305,000 after purchasing an additional 68,044 shares during the period. Stephens Investment Management Group LLC lifted its position in shares of Ambarella by 0.5% in the 4th quarter. Stephens Investment Management Group LLC now owns 503,468 shares of the semiconductor company's stock worth $36,622,000 after purchasing an additional 2,432 shares during the period. Finally, Barclays PLC boosted its stake in shares of Ambarella by 281.3% during the 3rd quarter. Barclays PLC now owns 388,090 shares of the semiconductor company's stock valued at $21,891,000 after purchasing an additional 286,296 shares in the last quarter. Hedge funds and other institutional investors own 82.09% of the company's stock.

Insider Transactions at Ambarella

In related news, Director Christopher B. Paisley sold 500 shares of the business's stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $55.50, for a total transaction of $27,750.00. Following the completion of the sale, the director now directly owns 40,281 shares in the company, valued at approximately $2,235,595.50. The trade was a 1.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Chan W. Lee sold 1,468 shares of the business's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $55.02, for a total transaction of $80,769.36. Following the sale, the chief operating officer now directly owns 130,297 shares of the company's stock, valued at approximately $7,168,940.94. The trade was a 1.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,328 shares of company stock worth $513,467 over the last three months. 5.70% of the stock is currently owned by company insiders.

Ambarella Price Performance

NASDAQ AMBA traded up $0.91 during trading hours on Friday, hitting $47.57. The company's stock had a trading volume of 362,176 shares, compared to its average volume of 695,641. Ambarella, Inc. has a 12 month low of $38.86 and a 12 month high of $85.15. The company's 50 day simple moving average is $53.03 and its two-hundred day simple moving average is $63.70. The company has a market cap of $2.02 billion, a P/E ratio of -12.32 and a beta of 1.86.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Stifel Nicolaus lowered their price objective on shares of Ambarella from $100.00 to $80.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Needham & Company LLC lifted their price target on Ambarella from $100.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. StockNews.com upgraded Ambarella from a "sell" rating to a "hold" rating in a report on Friday, February 28th. Susquehanna boosted their target price on shares of Ambarella from $95.00 to $100.00 and gave the company a "positive" rating in a report on Wednesday, January 22nd. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $100.00 price target on shares of Ambarella in a research note on Thursday, February 27th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $85.00.

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.