Baillie Gifford & Co. Raises Stock Position in Ambarella, Inc. (NASDAQ:AMBA)

Baillie Gifford & Co. raised its stake in shares of Ambarella, Inc. (NASDAQ:AMBA) by 0.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 329,200 shares of the semiconductor company’s stock after purchasing an additional 749 shares during the period. Baillie Gifford & Co. owned 0.79% of Ambarella worth $23,946,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Dynamic Technology Lab Private Ltd lifted its stake in Ambarella by 592.2% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 25,883 shares of the semiconductor company’s stock valued at $1,460,000 after buying an additional 22,144 shares in the last quarter. Tributary Capital Management LLC lifted its position in shares of Ambarella by 15.4% in the fourth quarter. Tributary Capital Management LLC now owns 287,565 shares of the semiconductor company’s stock valued at $20,917,000 after acquiring an additional 38,380 shares in the last quarter. Mirabella Financial Services LLP purchased a new position in shares of Ambarella in the third quarter valued at approximately $1,530,000. FMR LLC boosted its stake in shares of Ambarella by 185.4% in the third quarter. FMR LLC now owns 17,102 shares of the semiconductor company’s stock worth $965,000 after acquiring an additional 11,110 shares during the last quarter. Finally, Larson Financial Group LLC increased 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 purchasing an additional 842 shares in the last quarter. Institutional investors and hedge funds own 82.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Bank of America upgraded Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 price objective on the stock in a report on Monday, December 16th. StockNews.com lowered shares of Ambarella from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. Rosenblatt Securities reiterated a “buy” rating and issued a $100.00 price objective on shares of Ambarella in a report on Friday, December 6th. Needham & Company LLC boosted their target price on Ambarella from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, Craig Hallum upped their price target on Ambarella from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $85.42.

Insiders Place Their Bets

In related news, COO Chan W. Lee sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $75.90, for a total value of $75,900.00. Following the sale, the chief operating officer now owns 110,918 shares of the company’s stock, valued at $8,418,676.20. This trade represents a 0.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Christopher Day sold 1,278 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $71.61, for a total transaction of $91,517.58. Following the transaction, the vice president now owns 17,188 shares of the company’s stock, valued at $1,230,832.68. This trade represents a 6.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,861 shares of company stock worth $1,945,436 over the last 90 days. Corporate insiders own 5.70% of the company’s stock.

Ambarella Price Performance

Shares of NASDAQ:AMBA opened at $77.81 on Tuesday. The firm has a market capitalization of $3.24 billion, a PE ratio of -20.16 and a beta of 1.66. Ambarella, Inc. has a 1 year low of $39.69 and a 1 year high of $85.15. The firm’s 50-day moving average is $75.57 and its two-hundred day moving average is $63.31.

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.