Ambarella, Inc. (NASDAQ:AMBA) Holdings Increased by Sora Investors LLC

Sora Investors LLC raised its position in Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 91.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 353,372 shares of the semiconductor company's stock after purchasing an additional 168,372 shares during the quarter. Ambarella comprises 2.9% of Sora Investors LLC's investment portfolio, making the stock its 10th biggest position. Sora Investors LLC owned 0.85% of Ambarella worth $25,704,000 at the end of the most recent quarter.

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

Insider Buying and Selling at Ambarella

In other Ambarella news, CEO Feng-Ming Wang sold 3,194 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 transaction of $175,733.88. Following the completion of the sale, the chief executive officer now directly owns 798,311 shares in the company, valued at $43,923,071.22. The trade was a 0.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Christopher Day sold 479 shares of the stock in a transaction 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 of the company's stock, valued at $849,563.82. The trade was a 3.01% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 9,328 shares of company stock worth $513,467. Insiders own 5.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AMBA. Susquehanna raised 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. Stifel Nicolaus reduced their target price on 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 raised their price target on Ambarella from $100.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Rosenblatt Securities reaffirmed a "buy" rating and set a $100.00 price target on shares of Ambarella in a research report on Thursday, February 27th. Finally, StockNews.com raised Ambarella from a "sell" rating to a "hold" rating in a report on Friday, February 28th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $85.00.

Ambarella Trading Up 0.3%

Shares of Ambarella stock traded up $0.22 during mid-day trading on Wednesday, hitting $64.49. 527,799 shares of the stock were exchanged, compared to its average volume of 692,314. The company has a 50-day simple moving average of $50.30 and a 200 day simple moving average of $63.33. The stock has a market capitalization of $2.74 billion, a price-to-earnings ratio of -16.71 and a beta of 1.99. Ambarella, Inc. has a twelve month low of $38.86 and a twelve month high of $85.15.

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.