Stephens Investment Management Group LLC Increases Position in Ambarella, Inc. (NASDAQ:AMBA)

Stephens Investment Management Group LLC raised its holdings in Ambarella, Inc. (NASDAQ:AMBA) by 0.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 503,468 shares of the semiconductor company’s stock after purchasing an additional 2,432 shares during the period. Stephens Investment Management Group LLC owned about 1.21% of Ambarella worth $36,622,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Blue Trust Inc. increased its holdings in Ambarella by 180.3% in the 3rd quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 321 shares in the last quarter. Signaturefd LLC lifted its stake in Ambarella by 389.6% in the 3rd quarter. Signaturefd LLC now owns 661 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 526 shares in the last quarter. Larson Financial Group LLC increased its stake in Ambarella by 6,014.3% during the 3rd quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company’s stock worth $48,000 after buying an additional 842 shares in the last quarter. R Squared Ltd purchased a new position in shares of Ambarella in the fourth quarter valued at approximately $68,000. Finally, Truvestments Capital LLC acquired a new stake in shares of Ambarella in the third quarter worth approximately $69,000. 82.09% of the stock is owned by institutional investors and hedge funds.

Ambarella Stock Performance

Ambarella stock opened at $75.72 on Friday. The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of -19.62 and a beta of 1.66. The company’s 50 day simple moving average is $75.02 and its 200-day simple moving average is $62.20. Ambarella, Inc. has a 1 year low of $39.69 and a 1 year high of $85.15.

Insider Transactions at Ambarella

In related news, COO Chan W. Lee sold 1,000 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $75.90, for a total transaction of $75,900.00. Following the transaction, the chief operating officer now owns 110,918 shares of the company’s stock, valued at approximately $8,418,676.20. This represents a 0.89 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Christopher Day sold 1,278 shares of Ambarella stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $71.61, for a total value of $91,517.58. Following the completion of the transaction, the vice president now directly owns 17,188 shares of the company’s stock, valued at approximately $1,230,832.68. This represents a 6.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,861 shares of company stock worth $1,945,436 over the last ninety days. Company insiders own 5.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AMBA. StockNews.com cut shares of Ambarella from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. Susquehanna upped their price objective 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. Rosenblatt Securities restated a “buy” rating and set a $100.00 target price on shares of Ambarella in a report on Friday, December 6th. Bank of America raised Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 price target for the company in a report on Monday, December 16th. Finally, Craig Hallum boosted their price objective on Ambarella from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $85.42.

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.