4,308 Shares in Ambarella, Inc. (NASDAQ:AMBA) Bought by Cerity Partners LLC

Cerity Partners LLC acquired a new stake in shares of Ambarella, Inc. (NASDAQ:AMBA) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 4,308 shares of the semiconductor company’s stock, valued at approximately $264,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Ambarella by 3.6% during the 3rd quarter. Vanguard Group Inc. now owns 4,022,670 shares of the semiconductor company’s stock valued at $213,322,000 after purchasing an additional 139,767 shares during the period. Rokos Capital Management LLP grew its position in shares of Ambarella by 121.0% in the 3rd quarter. Rokos Capital Management LLP now owns 649,574 shares of the semiconductor company’s stock worth $34,626,000 after buying an additional 355,689 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Ambarella by 31.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 429,892 shares of the semiconductor company’s stock worth $22,797,000 after buying an additional 103,978 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Ambarella by 1,276.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 403,197 shares of the semiconductor company’s stock worth $24,712,000 after buying an additional 373,915 shares during the period. Finally, Northern Trust Corp grew its position in shares of Ambarella by 2.3% in the 3rd quarter. Northern Trust Corp now owns 374,444 shares of the semiconductor company’s stock worth $19,857,000 after buying an additional 8,587 shares during the period. 82.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on AMBA shares. Susquehanna upped their target price on shares of Ambarella from $70.00 to $80.00 and gave the stock a “positive” rating in a research report on Wednesday, February 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 target price on shares of Ambarella in a research report on Wednesday, February 28th. Bank of America dropped their price target on shares of Ambarella from $62.00 to $50.00 and set an “underperform” rating on the stock in a research note on Tuesday, April 16th. Morgan Stanley upped their price target on shares of Ambarella from $67.00 to $73.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 28th. Finally, Wells Fargo & Company cut shares of Ambarella from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $85.00 to $65.00 in a research note on Wednesday, January 3rd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $71.08.

Insider Transactions at Ambarella

In other news, CEO Feng-Ming Wang sold 2,173 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $49.27, for a total value of $107,063.71. Following the transaction, the chief executive officer now owns 806,632 shares in the company, valued at approximately $39,742,758.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, COO Chan W. Lee sold 1,075 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $49.27, for a total value of $52,965.25. Following the transaction, the chief operating officer now owns 124,146 shares in the company, valued at approximately $6,116,673.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Feng-Ming Wang sold 2,173 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $49.27, for a total transaction of $107,063.71. Following the completion of the sale, the chief executive officer now directly owns 806,632 shares of the company’s stock, valued at $39,742,758.64. The disclosure for this sale can be found here. Insiders have sold 6,648 shares of company stock worth $327,595 in the last quarter. Company insiders own 5.90% of the company’s stock.

Ambarella Stock Performance

AMBA opened at $43.09 on Monday. The stock has a market capitalization of $1.77 billion, a P/E ratio of -10.16 and a beta of 1.66. The company’s 50-day simple moving average is $50.42 and its two-hundred day simple moving average is $53.47. Ambarella, Inc. has a 52-week low of $40.31 and a 52-week high of $89.18.

Ambarella (NASDAQ:AMBA) last issued its quarterly earnings data on Tuesday, February 27th. The semiconductor company reported ($0.95) earnings per share for the quarter, topping the consensus estimate of ($0.98) by $0.03. Ambarella had a negative net margin of 74.81% and a negative return on equity of 23.78%. The firm had revenue of $51.62 million for the quarter, compared to analysts’ expectations of $51.68 million. Research analysts forecast that Ambarella, Inc. will post -3.53 EPS for the current fiscal year.

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.