Prakash Investment Advisors LLC Purchases New Shares in Ambarella, Inc. (NASDAQ:AMBA)

Prakash Investment Advisors LLC bought a new position in shares of Ambarella, Inc. (NASDAQ:AMBA) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 4,000 shares of the semiconductor company’s stock, valued at approximately $291,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its stake in Ambarella by 180.3% during the 3rd quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 321 shares during the last quarter. Signaturefd LLC increased its stake in Ambarella by 389.6% during the third quarter. Signaturefd LLC now owns 661 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 526 shares during the period. Larson Financial Group LLC grew its position in shares of Ambarella by 6,014.3% during the third quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company’s stock worth $48,000 after buying an additional 842 shares in the last quarter. R Squared Ltd acquired a new position in shares of Ambarella during the fourth quarter worth about $68,000. Finally, Truvestments Capital LLC acquired a new position in shares of Ambarella during the third quarter worth about $69,000. Institutional investors and hedge funds own 82.09% of the company’s stock.

Ambarella Price Performance

Ambarella stock opened at $81.27 on Friday. Ambarella, Inc. has a 12 month low of $39.69 and a 12 month high of $85.15. The business has a 50 day simple moving average of $76.15 and a 200-day simple moving average of $63.84. The stock has a market capitalization of $3.39 billion, a PE ratio of -21.05 and a beta of 1.66.

Analyst Ratings Changes

A number of brokerages have recently commented on AMBA. StockNews.com downgraded Ambarella from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. Craig Hallum upped their price target on Ambarella from $85.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Susquehanna upped their price target on Ambarella from $95.00 to $100.00 and gave the company a “positive” rating in a report on Wednesday, January 22nd. Bank of America raised Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 price target for the company in a report on Monday, December 16th. Finally, Northland Securities reissued an “outperform” rating and issued a $95.00 price objective (up from $75.00) on shares of Ambarella in a report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.42.

Insiders Place Their Bets

In other Ambarella news, VP Christopher Day sold 1,278 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $71.61, for a total value of $91,517.58. Following the sale, the vice president now owns 17,188 shares of the company’s stock, valued at approximately $1,230,832.68. This represents a 6.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $387,483.78. Following the completion of the sale, the vice president now directly owns 158,686 shares in the company, valued at $12,014,117.06. This trade represents a 3.12 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,861 shares of company stock worth $1,945,436. 5.70% of the stock is owned by corporate insiders.

Ambarella 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.