Hsbc Holdings PLC Sells 10,425 Shares of Ambarella, Inc. (NASDAQ:AMBA)

Hsbc Holdings PLC lowered its position in Ambarella, Inc. (NASDAQ:AMBAFree Report) by 36.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,121 shares of the semiconductor company’s stock after selling 10,425 shares during the quarter. Hsbc Holdings PLC’s holdings in Ambarella were worth $1,114,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of AMBA. Principal Financial Group Inc. boosted its position in Ambarella by 10.6% during the 3rd quarter. Principal Financial Group Inc. now owns 4,585 shares of the semiconductor company’s stock valued at $243,000 after acquiring an additional 439 shares in the last quarter. Barclays PLC boosted its position in Ambarella by 4.9% during the 3rd quarter. Barclays PLC now owns 16,657 shares of the semiconductor company’s stock valued at $883,000 after acquiring an additional 775 shares in the last quarter. Swiss National Bank boosted its position in Ambarella by 1.0% during the 3rd quarter. Swiss National Bank now owns 82,733 shares of the semiconductor company’s stock valued at $4,387,000 after acquiring an additional 800 shares in the last quarter. Gamco Investors INC. ET AL boosted its position in Ambarella by 156.8% during the 3rd quarter. Gamco Investors INC. ET AL now owns 10,862 shares of the semiconductor company’s stock valued at $576,000 after acquiring an additional 6,633 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Ambarella by 3.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 294,469 shares of the semiconductor company’s stock valued at $15,616,000 after acquiring an additional 10,774 shares in the last quarter. Institutional investors own 82.09% of the company’s stock.

Insider Buying and Selling at Ambarella

In other Ambarella news, CTO Leslie Kohn sold 1,198 shares of Ambarella stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $49.27, for a total transaction of $59,025.46. Following the completion of the transaction, the chief technology officer now owns 964,664 shares in the company, valued at approximately $47,528,995.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Feng-Ming Wang sold 2,173 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $49.27, for a total transaction of $107,063.71. Following the sale, the chief executive officer now directly owns 806,632 shares in the company, valued at approximately $39,742,758.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Leslie Kohn sold 1,198 shares of the firm’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $49.27, for a total value of $59,025.46. Following the sale, the chief technology officer now owns 964,664 shares in the company, valued at $47,528,995.28. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,648 shares of company stock worth $327,595. Insiders own 5.70% of the company’s stock.

Ambarella Price Performance

Shares of AMBA stock opened at $56.91 on Monday. The business has a fifty day moving average of $48.09 and a 200 day moving average of $53.34. The firm has a market capitalization of $2.33 billion, a price-to-earnings ratio of -13.36 and a beta of 1.63. Ambarella, Inc. has a 1 year low of $40.31 and a 1 year high of $89.18.

Analysts Set New Price Targets

Several analysts have issued reports on AMBA shares. Susquehanna increased their target price on Ambarella from $70.00 to $80.00 and gave the company a “positive” rating in a research report on Wednesday, February 28th. Roth Mkm decreased their price objective on Ambarella from $65.00 to $60.00 and set a “neutral” rating for the company in a report on Friday, May 31st. Needham & Company LLC reiterated a “buy” rating and set a $90.00 price objective on shares of Ambarella in a report on Friday, May 31st. Wells Fargo & Company decreased their price objective on Ambarella from $65.00 to $55.00 and set an “equal weight” rating for the company in a report on Friday, May 31st. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $85.00 price objective on shares of Ambarella in a report on Wednesday, May 29th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $69.75.

Check Out Our Latest Research Report on Ambarella

Ambarella Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Ambarella (NASDAQ:AMBA)

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