State Street Corp Has $108.54 Million Position in Ambarella, Inc. (NASDAQ:AMBA)

State Street Corp raised its position in Ambarella, Inc. (NASDAQ:AMBA) by 2.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,924,235 shares of the semiconductor company’s stock after buying an additional 47,856 shares during the quarter. State Street Corp owned 4.66% of Ambarella worth $108,536,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Stifel Financial Corp boosted its position in shares of Ambarella by 24.5% in the third quarter. Stifel Financial Corp now owns 16,396 shares of the semiconductor company’s stock valued at $925,000 after acquiring an additional 3,224 shares during the period. Point72 Asset Management L.P. raised its stake in Ambarella by 70.0% in the 3rd quarter. Point72 Asset Management L.P. now owns 862,084 shares of the semiconductor company’s stock worth $48,626,000 after purchasing an additional 355,078 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Ambarella by 2.9% in the 3rd quarter. Janus Henderson Group PLC now owns 29,191 shares of the semiconductor company’s stock valued at $1,647,000 after purchasing an additional 823 shares during the period. ArrowMark Colorado Holdings LLC grew its position in shares of Ambarella by 21.4% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 85,000 shares of the semiconductor company’s stock worth $4,794,000 after purchasing an additional 15,000 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new position in shares of Ambarella during the third quarter worth approximately $326,000. Institutional investors own 82.09% of the company’s stock.

Insider Buying and Selling at Ambarella

In other Ambarella news, VP Chi-Hong Ju sold 5,118 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $75.71, for a total transaction of $387,483.78. Following the sale, the vice president now owns 158,686 shares of the company’s stock, valued at approximately $12,014,117.06. This represents a 3.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Christopher Day sold 483 shares of Ambarella stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $53.54, for a total value of $25,859.82. Following the completion of the transaction, the vice president now directly owns 21,370 shares of the company’s stock, valued at approximately $1,144,149.80. This trade represents a 2.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,234 shares of company stock valued at $1,233,935. 5.70% of the stock is currently owned by company insiders.

Ambarella Price Performance

Shares of AMBA opened at $72.53 on Monday. The business has a 50-day moving average of $62.53 and a 200-day moving average of $57.01. The company has a market capitalization of $3.02 billion, a price-to-earnings ratio of -18.79 and a beta of 1.68. Ambarella, Inc. has a 1 year low of $39.69 and a 1 year high of $81.32.

Analysts Set New Price Targets

AMBA has been the subject of several recent research reports. Westpark Capital reiterated a “buy” rating and issued a $85.00 price target on shares of Ambarella in a research note on Monday, August 26th. Rosenblatt Securities reiterated a “buy” rating and set a $100.00 target price on shares of Ambarella in a research report on Friday, December 6th. Craig Hallum boosted their price target on Ambarella from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Bank of America upped their price objective on shares of Ambarella from $57.00 to $65.00 and gave the stock an “underperform” rating in a research report on Wednesday, November 27th. Finally, Roth Mkm reissued a “neutral” rating and issued a $60.00 target price on shares of Ambarella in a report on Wednesday, August 28th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Ambarella presently has a consensus rating of “Hold” and an average price target of $82.92.

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.