Northern Trust Corp Boosts Holdings in Ambarella, Inc. (NASDAQ:AMBA)

Northern Trust Corp boosted its holdings in Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 14.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 383,036 shares of the semiconductor company's stock after buying an additional 47,751 shares during the quarter. Northern Trust Corp owned 0.92% of Ambarella worth $27,862,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Barclays PLC increased its holdings in Ambarella by 281.3% during the third quarter. Barclays PLC now owns 388,090 shares of the semiconductor company's stock valued at $21,891,000 after buying an additional 286,296 shares during the last quarter. FNY Investment Advisers LLC increased its stake in shares of Ambarella by 52.1% in the 4th quarter. FNY Investment Advisers LLC now owns 2,248 shares of the semiconductor company's stock worth $163,000 after purchasing an additional 770 shares in the last quarter. Heritage Family Offices LLP purchased a new stake in shares of Ambarella in the 4th quarter worth $213,000. Tributary Capital Management LLC raised its holdings in Ambarella by 15.4% in the 4th quarter. Tributary Capital Management LLC now owns 287,565 shares of the semiconductor company's stock worth $20,917,000 after purchasing an additional 38,380 shares during the period. Finally, Register Financial Advisors LLC purchased a new position in Ambarella during the fourth quarter valued at $240,000. Institutional investors own 82.09% of the company's stock.

Wall Street Analyst Weigh In

AMBA has been the topic of several analyst reports. Susquehanna lifted their price target on shares of Ambarella from $95.00 to $100.00 and gave the company a "positive" rating in a report on Wednesday, January 22nd. Stifel Nicolaus decreased their price objective 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. StockNews.com upgraded shares of 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 target on shares of Ambarella in a research note on Thursday, February 27th. Finally, Needham & Company LLC raised their price target on Ambarella from $100.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, Ambarella has a consensus rating of "Moderate Buy" and a consensus price target of $85.00.

Ambarella Stock Performance

Shares of AMBA traded up $0.67 during mid-day trading on Friday, hitting $63.29. 146,628 shares of the stock were exchanged, compared to its average volume of 690,837. The company has a market cap of $2.68 billion, a PE ratio of -16.40 and a beta of 1.99. Ambarella, Inc. has a 52-week low of $38.86 and a 52-week high of $85.15. The firm has a 50-day moving average of $49.55 and a two-hundred day moving average of $63.19.

Insider Activity at Ambarella

In related news, Director Christopher B. Paisley sold 500 shares of Ambarella stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $55.50, for a total value of $27,750.00. Following the completion of the transaction, the director now owns 40,281 shares in the company, valued at approximately $2,235,595.50. This trade represents a 1.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Leslie Kohn sold 1,584 shares of the company'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 $87,151.68. Following the sale, 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 ownership of the stock. 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 over the last 90 days. 5.30% of the stock is owned by corporate insiders.

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.