Ambarella, Inc. (NASDAQ:AMBA) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC raised its holdings in shares of Ambarella, Inc. (NASDAQ:AMBA) by 8.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,098 shares of the semiconductor company’s stock after acquiring an additional 413 shares during the period. Cerity Partners LLC’s holdings in Ambarella were worth $367,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ raised its stake in shares of Ambarella by 68.7% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 184 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of Ambarella during the 4th quarter worth about $37,000. SBI Securities Co. Ltd. bought a new stake in shares of Ambarella during the 4th quarter worth about $53,000. R Squared Ltd acquired a new stake in shares of Ambarella in the 4th quarter worth approximately $68,000. Finally, National Bank of Canada FI bought a new position in shares of Ambarella in the fourth quarter valued at approximately $69,000. Institutional investors and hedge funds own 82.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on AMBA shares. StockNews.com upgraded Ambarella from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. Needham & Company LLC raised their target price on Ambarella from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Stifel Nicolaus dropped their price target on shares of Ambarella from $100.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Rosenblatt Securities restated a “buy” rating and set a $100.00 price objective on shares of Ambarella in a research report on Thursday, February 27th. Finally, Susquehanna boosted 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. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Ambarella has a consensus rating of “Moderate Buy” and a consensus price target of $85.00.

Ambarella Stock Performance

Shares of NASDAQ:AMBA opened at $40.95 on Wednesday. Ambarella, Inc. has a 52 week low of $38.86 and a 52 week high of $85.15. The company has a market cap of $1.74 billion, a PE ratio of -10.61 and a beta of 1.86. The firm has a 50 day simple moving average of $55.04 and a 200 day simple moving average of $63.97.

Insider Activity

In other Ambarella news, CTO Leslie Kohn sold 1,584 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $55.02, for a total value of $87,151.68. Following the transaction, the chief technology officer now owns 981,392 shares in the company, valued at approximately $53,996,187.84. This represents a 0.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christopher B. Paisley sold 500 shares of the company’s stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $55.50, for a total transaction of $27,750.00. Following the completion of the transaction, the director now directly owns 40,281 shares in the company, valued at $2,235,595.50. This trade represents a 1.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,328 shares of company stock worth $513,467 over the last quarter. Corporate insiders own 5.70% of the company’s stock.

About Ambarella

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.