Ambarella, Inc. (NASDAQ:AMBA) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers boosted its position in Ambarella, Inc. (NASDAQ:AMBA) by 4.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,571 shares of the semiconductor company’s stock after buying an additional 2,249 shares during the period. Rhumbline Advisers owned approximately 0.14% of Ambarella worth $2,948,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ grew its position in Ambarella by 68.7% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 184 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in Ambarella in the 4th quarter valued at $37,000. Sterling Capital Management LLC grew its position in Ambarella by 629.3% in the 4th quarter. Sterling Capital Management LLC now owns 598 shares of the semiconductor company’s stock valued at $43,000 after buying an additional 516 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Ambarella in the 4th quarter valued at $53,000. Finally, Johnson Financial Group Inc. purchased a new position in Ambarella in the 4th quarter valued at $71,000. 82.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Ambarella

In related news, Director Christopher B. Paisley sold 500 shares of the business’s stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $55.50, for a total value of $27,750.00. Following the completion of the transaction, the director now owns 40,281 shares of the company’s stock, valued at approximately $2,235,595.50. The trade was a 1.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Chan W. Lee sold 1,468 shares of the business’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $55.02, for a total transaction of $80,769.36. Following the completion of the transaction, the chief operating officer now directly owns 130,297 shares of the company’s stock, valued at $7,168,940.94. The trade was a 1.11% decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,328 shares of company stock valued at $513,467 in the last 90 days. 5.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on AMBA shares. Morgan Stanley lowered their price objective on shares of Ambarella from $90.00 to $80.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 27th. Rosenblatt Securities boosted their target price on shares of Ambarella from $87.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, May 30th. Stifel Nicolaus decreased their target price 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. Wall Street Zen upgraded shares of Ambarella from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. Finally, Needham & Company LLC decreased their target price on shares of Ambarella from $110.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, May 30th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.55.

Ambarella Stock Down 4.6%

NASDAQ:AMBA opened at $50.73 on Monday. The company has a market capitalization of $2.15 billion, a PE ratio of -13.14 and a beta of 1.99. Ambarella, Inc. has a 52-week low of $38.86 and a 52-week high of $85.15. The stock has a fifty day simple moving average of $52.38 and a 200-day simple moving average of $62.72.

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.