The Manufacturers Life Insurance Company Has $105.63 Million Stock Position in Ambarella, Inc. (NASDAQ:AMBA)

The Manufacturers Life Insurance Company grew its position in shares of Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 7.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,452,128 shares of the semiconductor company's stock after acquiring an additional 98,841 shares during the quarter. The Manufacturers Life Insurance Company owned about 3.48% of Ambarella worth $105,628,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMBA. Tributary Capital Management LLC grew its holdings in shares of Ambarella by 15.4% during 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. Asset Management One Co. Ltd. purchased a new stake in Ambarella during the fourth quarter worth approximately $553,000. Artemis Wealth Advisors LLC acquired a new stake in shares of Ambarella in the fourth quarter worth $1,455,000. Pinnacle Wealth Management Advisory Group LLC acquired a new stake in Ambarella in the 4th quarter valued at $256,000. Finally, Van ECK Associates Corp raised its holdings in shares of Ambarella by 118.1% during the 4th quarter. Van ECK Associates Corp now owns 9,951 shares of the semiconductor company's stock valued at $724,000 after buying an additional 5,388 shares during the period. 82.09% of the stock is currently owned by institutional investors and hedge funds.

Ambarella Price Performance

AMBA traded up $2.27 during trading on Friday, reaching $50.43. 539,706 shares of the stock traded hands, compared to its average volume of 690,397. The stock's 50-day simple moving average is $50.02 and its two-hundred day simple moving average is $63.32. Ambarella, Inc. has a fifty-two week low of $38.86 and a fifty-two week high of $85.15. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of -13.06 and a beta of 1.86.

Insider Transactions at Ambarella

In other Ambarella news, CEO Feng-Ming Wang sold 3,194 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 798,311 shares of the company's stock, valued at $43,923,071.22. This represents a 0.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Leslie Kohn sold 1,584 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 value of $87,151.68. Following the completion of the sale, the chief technology officer now directly owns 981,392 shares of the company's stock, valued at $53,996,187.84. This represents a 0.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,328 shares of company stock valued at $513,467 in the last three months. Corporate insiders own 5.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Susquehanna upped their price target on Ambarella from $95.00 to $100.00 and gave the company a "positive" rating in a research report on Wednesday, January 22nd. 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. 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. StockNews.com raised shares of Ambarella from a "sell" rating to a "hold" rating in a research note on Friday, February 28th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $100.00 price target on shares of Ambarella in a research report on Thursday, February 27th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $85.00.

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.