Ambarella, Inc. (NASDAQ:AMBA) Shares Sold by KBC Group NV

KBC Group NV lessened its holdings in shares of Ambarella, Inc. (NASDAQ:AMBA) by 47.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,835 shares of the semiconductor company’s stock after selling 20,000 shares during the quarter. KBC Group NV owned approximately 0.05% of Ambarella worth $1,588,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. State Street Corp boosted its stake in Ambarella by 2.6% during the 3rd quarter. State Street Corp now owns 1,924,235 shares of the semiconductor company’s stock worth $108,536,000 after purchasing an additional 47,856 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Ambarella by 4.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,353,287 shares of the semiconductor company’s stock worth $76,332,000 after purchasing an additional 61,387 shares during the last quarter. Geode Capital Management LLC boosted its stake in Ambarella by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 916,757 shares of the semiconductor company’s stock worth $51,719,000 after purchasing an additional 14,568 shares during the last quarter. Point72 Asset Management L.P. boosted its stake in Ambarella by 70.0% during 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 during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Ambarella by 7.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 666,286 shares of the semiconductor company’s stock worth $37,582,000 after purchasing an additional 43,874 shares during the last quarter. Institutional investors and hedge funds own 82.09% of the company’s stock.

Insiders Place Their Bets

In other Ambarella news, COO Chan W. Lee sold 1,488 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $75.41, for a total transaction of $112,210.08. Following the sale, the chief operating officer now directly owns 119,918 shares in the company, valued at $9,043,016.38. This represents a 1.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Christopher Day sold 1,247 shares of the business’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $78.10, for a total transaction of $97,390.70. Following the sale, the vice president now owns 14,530 shares in the company, valued at $1,134,793. This trade represents a 7.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,861 shares of company stock worth $1,945,436 over the last three months. Company insiders own 5.70% of the company’s stock.

Analyst Ratings Changes

AMBA has been the topic of several recent research reports. Morgan Stanley boosted their price target on shares of Ambarella from $73.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Needham & Company LLC boosted their price target on shares of Ambarella from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Northland Securities reissued an “outperform” rating and set a $95.00 price target (up previously from $75.00) on shares of Ambarella in a research report on Wednesday, November 27th. Bank of America raised shares of Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 price target on the stock in a research report on Monday, December 16th. Finally, Craig Hallum boosted their price target on shares of Ambarella from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $85.42.

Ambarella Trading Down 1.8 %

Shares of AMBA opened at $76.72 on Friday. The firm has a market cap of $3.20 billion, a P/E ratio of -19.88 and a beta of 1.66. Ambarella, Inc. has a 12-month low of $39.69 and a 12-month high of $85.15. The company’s 50-day moving average price is $74.37 and its 200 day moving average price is $61.56.

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.