Intech Investment Management LLC Grows Stake in Ambarella, Inc. (NASDAQ:AMBA)

Intech Investment Management LLC lifted its holdings in shares of Ambarella, Inc. (NASDAQ:AMBA) by 35.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 17,280 shares of the semiconductor company’s stock after buying an additional 4,479 shares during the period. Intech Investment Management LLC’s holdings in Ambarella were worth $1,257,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in AMBA. Skandinaviska Enskilda Banken AB publ raised its holdings in Ambarella by 68.7% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 184 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Ambarella during the 4th quarter worth $53,000. Larson Financial Group LLC lifted its position in Ambarella by 6,014.3% in the third quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company’s stock valued at $48,000 after acquiring an additional 842 shares during the last quarter. R Squared Ltd acquired a new position in Ambarella in the fourth quarter valued at $68,000. Finally, Pacer Advisors Inc. grew its holdings in shares of Ambarella by 24.2% during the fourth quarter. Pacer Advisors Inc. now owns 965 shares of the semiconductor company’s stock worth $70,000 after purchasing an additional 188 shares during the last quarter. Hedge funds and other institutional investors own 82.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on AMBA shares. Morgan Stanley raised their price target on Ambarella from $73.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Craig Hallum raised their price target on shares of Ambarella from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Rosenblatt Securities reissued a “buy” rating and issued a $100.00 price objective on shares of Ambarella in a research report on Thursday, February 27th. Stifel Nicolaus raised their target price on shares of Ambarella from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Finally, Needham & Company LLC boosted their price target on Ambarella from $100.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $86.67.

Insider Activity at Ambarella

In other news, VP Christopher Day sold 479 shares of the company’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $55.02, for a total value of $26,354.58. Following the completion of the sale, the vice president now owns 15,441 shares of the company’s stock, valued at $849,563.82. This represents a 3.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO John Alexander Young sold 2,103 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $55.02, for a total value of $115,707.06. Following the sale, the chief financial officer now owns 113,886 shares in the company, valued at approximately $6,266,007.72. The trade was a 1.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,575 shares of company stock worth $1,069,957. Company insiders own 5.70% of the company’s stock.

Ambarella Price Performance

Ambarella stock opened at $54.26 on Friday. The company has a market cap of $2.26 billion, a price-to-earnings ratio of -14.06 and a beta of 1.78. Ambarella, Inc. has a 12 month low of $39.69 and a 12 month high of $85.15. The stock’s 50-day moving average is $69.81 and its 200-day moving average is $65.29.

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.