Ambarella, Inc. (NASDAQ:AMBA) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC lifted its holdings in shares of Ambarella, Inc. (NASDAQ:AMBA) by 1.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 916,757 shares of the semiconductor company’s stock after acquiring an additional 14,568 shares during the period. Geode Capital Management LLC’s holdings in Ambarella were worth $51,719,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of AMBA. Meeder Asset Management Inc. purchased a new position in Ambarella during the 2nd quarter worth $26,000. Blue Trust Inc. boosted its stake in shares of Ambarella by 180.3% during the third quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company’s stock worth $27,000 after buying an additional 321 shares during the period. Signaturefd LLC grew its holdings in shares of Ambarella by 389.6% during the third quarter. Signaturefd LLC now owns 661 shares of the semiconductor company’s stock worth $37,000 after buying an additional 526 shares during the last quarter. Larson Financial Group LLC increased its position in Ambarella by 6,014.3% in the 3rd quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company’s stock valued at $48,000 after acquiring an additional 842 shares during the period. Finally, Truvestments Capital LLC purchased a new stake in Ambarella during the 3rd quarter valued at approximately $69,000. 82.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Susquehanna boosted their target price on Ambarella from $70.00 to $85.00 and gave the company a “positive” rating in a report on Wednesday, November 27th. TD Cowen raised their target price on shares of Ambarella from $65.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, August 28th. Needham & Company LLC lifted their target price on shares of Ambarella from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Westpark Capital reissued a “buy” rating and set a $85.00 price target on shares of Ambarella in a report on Monday, August 26th. Finally, Bank of America raised Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 price objective on the stock in a report on Monday, December 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.17.

Insider Transactions at Ambarella

In other Ambarella news, VP Christopher Day sold 929 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $75.40, for a total value of $70,046.60. Following the sale, the vice president now owns 15,777 shares of the company’s stock, valued at $1,189,585.80. This represents a 5.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Chan W. Lee sold 1,488 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $75.41, for a total transaction of $112,210.08. Following the transaction, the chief operating officer now directly owns 119,918 shares of the company’s stock, valued at approximately $9,043,016.38. This trade represents a 1.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,931 shares of company stock valued at $1,579,604 in the last 90 days. 5.70% of the stock is currently owned by insiders.

Ambarella Stock Performance

Shares of AMBA stock opened at $70.93 on Monday. Ambarella, Inc. has a 1 year low of $39.69 and a 1 year high of $81.32. The stock has a market cap of $2.96 billion, a PE ratio of -18.38 and a beta of 1.68. The stock has a fifty day moving average price of $63.91 and a 200 day moving average price of $57.58.

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.