Sora Investors LLC Purchases 168,372 Shares of Ambarella, Inc. (NASDAQ:AMBA)

Sora Investors LLC boosted its position in shares of Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 91.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 353,372 shares of the semiconductor company's stock after buying an additional 168,372 shares during the period. Ambarella accounts for approximately 2.9% of Sora Investors LLC's portfolio, making the stock its 10th biggest holding. Sora Investors LLC owned about 0.85% of Ambarella worth $25,704,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ increased its position in Ambarella by 68.7% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company's stock worth $32,000 after buying an additional 184 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in Ambarella in the 4th quarter valued at $37,000. Sterling Capital Management LLC raised its position in Ambarella by 629.3% in the 4th quarter. Sterling Capital Management LLC now owns 598 shares of the semiconductor company's stock valued at $43,000 after purchasing an additional 516 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Ambarella in the 4th quarter valued at $53,000. Finally, Johnson Financial Group Inc. purchased a new stake in Ambarella in the 4th quarter valued at $71,000. Institutional investors and hedge funds own 82.09% of the company's stock.

Ambarella Price Performance

Ambarella stock opened at $62.62 on Friday. Ambarella, Inc. has a 1-year low of $38.86 and a 1-year high of $85.15. The company has a market cap of $2.66 billion, a PE ratio of -16.22 and a beta of 1.99. The stock's 50 day moving average price is $49.55 and its 200 day moving average price is $63.19.

Analysts Set New Price Targets

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

Insider Transactions at Ambarella

In other news, Director Christopher B. Paisley sold 500 shares of the company's stock in a transaction 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 transaction, the director now directly owns 40,281 shares of the company's stock, valued at $2,235,595.50. This represents a 1.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Feng-Ming Wang sold 3,194 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 $175,733.88. Following the transaction, the chief executive officer now directly owns 798,311 shares of the company's stock, valued at approximately $43,923,071.22. This represents a 0.40% 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 in the last ninety days. 5.30% of the stock is currently owned by company insiders.

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.

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