Ambarella, Inc. (NASDAQ:AMBA) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Ambarella, Inc. (NASDAQ:AMBA) by 7.0% during the third quarter, Holdings Channel.com reports. The fund owned 666,286 shares of the semiconductor company’s stock after acquiring an additional 43,874 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Ambarella were worth $37,582,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

AMBA has been the topic of several research reports. Westpark Capital reissued a “buy” rating and set a $85.00 price target on shares of Ambarella in a research report on Monday, August 26th. Susquehanna upped their target price on shares of Ambarella from $70.00 to $85.00 and gave the stock a “positive” rating in a research note on Wednesday, November 27th. Roth Mkm restated a “neutral” rating and issued a $60.00 price target on shares of Ambarella in a research note on Wednesday, August 28th. Stifel Nicolaus increased their price objective on Ambarella from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, Craig Hallum boosted their target price on Ambarella from $85.00 to $90.00 and gave the stock a “buy” rating in a research note 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 company currently has an average rating of “Moderate Buy” and an average target price of $81.67.

Ambarella Price Performance

Ambarella stock opened at $71.84 on Wednesday. The stock’s fifty day moving average is $59.95 and its two-hundred day moving average is $55.75. The stock has a market cap of $2.96 billion, a PE ratio of -18.61 and a beta of 1.68. Ambarella, Inc. has a 1-year low of $39.69 and a 1-year high of $81.32.

Insider Transactions at Ambarella

In other Ambarella news, VP Christopher Day sold 483 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were 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 owns 21,370 shares in the company, valued at $1,144,149.80. This represents a 2.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO John Alexander Young sold 2,139 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $53.54, for a total value of $114,522.06. Following the transaction, the chief financial officer now directly owns 103,529 shares in the company, valued at approximately $5,542,942.66. The trade was a 2.02 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,356 shares of company stock valued at $859,210. Corporate insiders own 5.70% of the company’s stock.

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.