Stifel Financial Corp Has $2.31 Million Stock Position in Ambarella, Inc. (NASDAQ:AMBA)

Stifel Financial Corp increased its stake in shares of Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 93.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,793 shares of the semiconductor company's stock after buying an additional 15,397 shares during the quarter. Stifel Financial Corp owned 0.08% of Ambarella worth $2,313,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Barclays PLC raised its stake in shares of Ambarella by 281.3% in the third quarter. Barclays PLC now owns 388,090 shares of the semiconductor company's stock valued at $21,891,000 after acquiring an additional 286,296 shares during the last quarter. FNY Investment Advisers LLC grew its holdings in Ambarella by 52.1% during the 4th quarter. FNY Investment Advisers LLC now owns 2,248 shares of the semiconductor company's stock worth $163,000 after acquiring an additional 770 shares during the last quarter. Heritage Family Offices LLP acquired a new stake in Ambarella in the 4th quarter valued at about $213,000. Tributary Capital Management LLC raised its stake in shares of Ambarella by 15.4% in the fourth quarter. Tributary Capital Management LLC now owns 287,565 shares of the semiconductor company's stock worth $20,917,000 after acquiring an additional 38,380 shares during the last quarter. Finally, Register Financial Advisors LLC acquired a new position in shares of Ambarella during the fourth quarter worth approximately $240,000. 82.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AMBA. StockNews.com raised Ambarella from a "sell" rating to a "hold" rating in a report on Friday, February 28th. Needham & Company LLC upped their price target on Ambarella from $100.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Rosenblatt Securities reiterated a "buy" rating and issued a $100.00 price objective on shares of Ambarella in a research report on Thursday, February 27th. Stifel Nicolaus dropped their price objective on Ambarella from $100.00 to $80.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Finally, Susquehanna raised their target price on shares of Ambarella from $95.00 to $100.00 and gave the company a "positive" rating in a research note on Wednesday, January 22nd. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Ambarella presently has a consensus rating of "Moderate Buy" and a consensus target price of $85.00.

Insider Transactions at Ambarella

In other news, CEO Feng-Ming Wang sold 3,194 shares of the firm'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 $175,733.88. Following the sale, the chief executive officer now owns 798,311 shares of the company's stock, valued at $43,923,071.22. This trade represents a 0.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Christopher Day sold 479 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 value of $26,354.58. Following the completion of the transaction, the vice president now owns 15,441 shares of the company's stock, valued at $849,563.82. This represents a 3.01 % 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 three months. 5.70% of the stock is currently owned by corporate insiders.

Ambarella Stock Performance

Shares of NASDAQ AMBA opened at $50.43 on Monday. The firm has a 50 day moving average price of $50.02 and a 200 day moving average price of $63.41. The stock has a market cap of $2.14 billion, a P/E ratio of -13.06 and a beta of 1.86. Ambarella, Inc. has a 52-week low of $38.86 and a 52-week high of $85.15.

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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