Stifel Financial Corp Raises Stock Holdings in Ambarella, Inc. (NASDAQ:AMBA)

Stifel Financial Corp lifted its position in Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 93.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,793 shares of the semiconductor company's stock after acquiring an additional 15,397 shares during the period. Stifel Financial Corp owned 0.08% of Ambarella worth $2,313,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Skandinaviska Enskilda Banken AB publ grew its stake in Ambarella by 68.7% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company's stock worth $32,000 after purchasing an additional 184 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in shares of Ambarella in the 4th quarter worth about $37,000. Sterling Capital Management LLC increased its stake in shares of Ambarella by 629.3% in the 4th 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. purchased a new position in Ambarella during the 4th quarter valued at about $53,000. Finally, R Squared Ltd purchased a new position in Ambarella during the 4th quarter valued at about $68,000. Hedge funds and other institutional investors own 82.09% of the company's stock.

Insider Buying and Selling at Ambarella

In other Ambarella news, VP Christopher Day sold 479 shares of the business's stock in a transaction dated 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 in the company, valued at $849,563.82. The trade was a 3.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO John Alexander Young sold 2,103 shares of the company's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $55.02, for a total transaction of $115,707.06. Following the sale, the chief financial officer now directly owns 113,886 shares of the company's stock, valued at $6,266,007.72. The trade was a 1.81 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, 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

Several research firms have recently issued reports on AMBA. Stifel Nicolaus lowered their target price 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. Susquehanna lifted their price objective on Ambarella from $95.00 to $100.00 and gave the company a "positive" rating in a research note on Wednesday, January 22nd. Rosenblatt Securities reissued a "buy" rating and issued a $100.00 target price on shares of Ambarella in a research note on Thursday, February 27th. 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. Finally, StockNews.com upgraded shares of Ambarella from a "sell" rating to a "hold" rating in a research note on Friday, February 28th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Ambarella presently has an average rating of "Moderate Buy" and an average target price of $85.00.

Ambarella Stock Performance

Shares of AMBA traded up $1.01 during mid-day trading on Friday, hitting $53.85. 569,216 shares of the company traded hands, compared to its average volume of 693,061. Ambarella, Inc. has a 1 year low of $38.86 and a 1 year high of $85.15. The stock has a 50-day moving average price of $48.93 and a two-hundred day moving average price of $63.15. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of -13.95 and a beta of 1.99.

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.