Manchester Capital Management LLC Acquires 210 Shares of Ambarella, Inc. (NASDAQ:AMBA)

Manchester Capital Management LLC raised its holdings in shares of Ambarella, Inc. (NASDAQ:AMBA) by 21.8% during the fourth quarter, Holdings Channel reports. The fund owned 1,175 shares of the semiconductor company’s stock after buying an additional 210 shares during the period. Manchester Capital Management LLC’s holdings in Ambarella were worth $85,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Pacer Advisors Inc. grew its position in Ambarella by 24.2% during the fourth quarter. Pacer Advisors Inc. now owns 965 shares of the semiconductor company’s stock valued at $70,000 after acquiring an additional 188 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Ambarella by 5.0% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,003 shares of the semiconductor company’s stock worth $364,000 after purchasing an additional 236 shares during the last quarter. Versor Investments LP grew its holdings in shares of Ambarella by 5.9% in the third quarter. Versor Investments LP now owns 4,619 shares of the semiconductor company’s stock worth $261,000 after purchasing an additional 256 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Ambarella by 180.3% in the third quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 321 shares during the last quarter. Finally, Trust Point Inc. grew its holdings in shares of Ambarella by 4.9% in the fourth quarter. Trust Point Inc. now owns 10,560 shares of the semiconductor company’s stock worth $768,000 after purchasing an additional 497 shares during the last quarter. 82.09% of the stock is currently owned by institutional investors.

Ambarella Trading Up 1.9 %

Shares of Ambarella stock opened at $77.81 on Friday. The firm has a market capitalization of $3.24 billion, a P/E ratio of -20.16 and a beta of 1.66. The business has a fifty day simple moving average of $75.51 and a two-hundred day simple moving average of $63.03. Ambarella, Inc. has a 12 month low of $39.69 and a 12 month high of $85.15.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AMBA. Needham & Company LLC raised their target price on shares of Ambarella from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Morgan Stanley raised their target price on shares of Ambarella from $73.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Susquehanna raised their target price on shares of Ambarella from $95.00 to $100.00 and gave the stock a “positive” rating in a report on Wednesday, January 22nd. Bank of America upgraded shares of Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 target price on the stock in a report on Monday, December 16th. Finally, Stifel Nicolaus raised their target price on shares of Ambarella from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $85.42.

Insider Buying and Selling at Ambarella

In other Ambarella news, CEO Feng-Ming Wang sold 4,296 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $75.41, for a total transaction of $323,961.36. Following the completion of the transaction, the chief executive officer now owns 755,231 shares of the company’s stock, valued at approximately $56,951,969.71. This trade represents a 0.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Christopher Day sold 1,278 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $71.61, for a total value of $91,517.58. Following the transaction, the vice president now directly owns 17,188 shares of the company’s stock, valued at $1,230,832.68. This represents a 6.92 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,861 shares of company stock valued at $1,945,436. 5.70% of the stock is currently owned by company insiders.

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.