William Blair Investment Management LLC Raises Stock Position in Ambarella, Inc. (NASDAQ:AMBA)

William Blair Investment Management LLC increased its holdings in shares of Ambarella, Inc. (NASDAQ:AMBA) by 8.9% in the 4th quarter, HoldingsChannel reports. The firm owned 829,052 shares of the semiconductor company’s stock after acquiring an additional 68,044 shares during the quarter. William Blair Investment Management LLC’s holdings in Ambarella were worth $60,305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in AMBA. Oppenheimer & Co. Inc. purchased a new position in Ambarella in the third quarter valued at $663,000. KBC Group NV increased its holdings in Ambarella by 1.3% in the third quarter. KBC Group NV now owns 41,835 shares of the semiconductor company’s stock valued at $2,360,000 after buying an additional 525 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Ambarella by 18.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 226,502 shares of the semiconductor company’s stock valued at $12,776,000 after buying an additional 35,977 shares in the last quarter. Intech Investment Management LLC purchased a new position in Ambarella in the third quarter valued at $722,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in Ambarella by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 320,319 shares of the semiconductor company’s stock valued at $18,068,000 after buying an additional 3,700 shares in the last quarter. Hedge funds and other institutional investors own 82.09% of the company’s stock.

Insider Activity

In other news, VP Christopher Day sold 929 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $75.40, for a total value of $70,046.60. Following the sale, the vice president now directly owns 15,777 shares of the company’s stock, valued at approximately $1,189,585.80. The trade was a 5.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christopher B. Paisley sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $73.80, for a total transaction of $110,700.00. Following the sale, the director now directly owns 40,781 shares in the company, valued at approximately $3,009,637.80. The trade was a 3.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,929 shares of company stock valued at $672,389. Company insiders own 5.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on AMBA shares. Rosenblatt Securities reiterated a “buy” rating and issued a $100.00 target price on shares of Ambarella in a research report on Thursday, February 27th. Northland Securities restated an “outperform” rating and set a $95.00 price target (up from $75.00) on shares of Ambarella in a research report on Wednesday, November 27th. Needham & Company LLC boosted their price target on shares of Ambarella from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. StockNews.com upgraded shares of Ambarella from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. Finally, Susquehanna boosted their price target on shares of Ambarella from $95.00 to $100.00 and gave the stock a “positive” rating in a research report on Wednesday, January 22nd. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Ambarella currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.67.

Ambarella Stock Performance

Ambarella stock opened at $56.04 on Tuesday. The company’s 50 day simple moving average is $71.50 and its 200-day simple moving average is $65.51. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of -14.52 and a beta of 1.78. Ambarella, Inc. has a 1 year low of $39.69 and a 1 year 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.