ArrowMark Colorado Holdings LLC Has $4.79 Million Stock Position in Ambarella, Inc. (NASDAQ:AMBA)

ArrowMark Colorado Holdings LLC lifted its stake in shares of Ambarella, Inc. (NASDAQ:AMBA) by 21.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 85,000 shares of the semiconductor company’s stock after purchasing an additional 15,000 shares during the period. ArrowMark Colorado Holdings LLC owned 0.21% of Ambarella worth $4,794,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Point72 Asset Management L.P. raised its position in Ambarella by 1,556.9% during the second quarter. Point72 Asset Management L.P. now owns 507,006 shares of the semiconductor company’s stock worth $27,353,000 after acquiring an additional 476,406 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Ambarella by 36.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,291,900 shares of the semiconductor company’s stock worth $69,698,000 after purchasing an additional 343,385 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of Ambarella by 69.2% in the 2nd quarter. Marshall Wace LLP now owns 613,346 shares of the semiconductor company’s stock valued at $33,090,000 after purchasing an additional 250,778 shares during the period. Acadian Asset Management LLC lifted its stake in Ambarella by 230.1% in the 2nd quarter. Acadian Asset Management LLC now owns 172,444 shares of the semiconductor company’s stock valued at $9,299,000 after purchasing an additional 120,204 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in Ambarella by 7.0% in the 2nd quarter. Millennium Management LLC now owns 1,447,466 shares of the semiconductor company’s stock valued at $78,091,000 after purchasing an additional 94,257 shares during the last quarter. Institutional investors and hedge funds own 82.09% of the company’s stock.

Ambarella Stock Performance

AMBA stock opened at $70.17 on Tuesday. Ambarella, Inc. has a 52 week low of $39.69 and a 52 week high of $81.32. The company has a market capitalization of $2.90 billion, a PE ratio of -18.18 and a beta of 1.63. The company’s 50-day simple moving average is $59.60 and its 200 day simple moving average is $55.59.

Insider Buying and Selling at Ambarella

In other Ambarella news, VP Christopher Day sold 2,904 shares of the firm’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $58.00, for a total transaction of $168,432.00. Following the transaction, the vice president now owns 18,466 shares in the company, valued at $1,071,028. This trade represents a 13.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Feng-Ming Wang sold 4,382 shares of Ambarella stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $56.02, for a total value of $245,479.64. Following the completion of the transaction, the chief executive officer now directly owns 803,574 shares of the company’s stock, valued at $45,016,215.48. This represents a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,460 shares of company stock valued at $1,013,172 in the last quarter. Company insiders own 5.70% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on AMBA. Stifel Nicolaus boosted their price target on Ambarella from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Craig Hallum boosted their target price on Ambarella from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Morgan Stanley raised their price target on Ambarella from $73.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Northland Securities reaffirmed an “outperform” rating and set a $95.00 price objective (up from $75.00) on shares of Ambarella in a research report on Wednesday, November 27th. Finally, TD Cowen increased their price objective on shares of Ambarella from $65.00 to $75.00 and gave the company a “hold” rating in a research report on Wednesday, August 28th. One equities 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 stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $81.67.

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.