2,750 Shares in Ambarella, Inc. (NASDAQ:AMBA) Purchased by McCollum Christoferson Group LLC

McCollum Christoferson Group LLC purchased a new stake in Ambarella, Inc. (NASDAQ:AMBA) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,750 shares of the semiconductor company’s stock, valued at approximately $200,000.

A number of other institutional investors and hedge funds also recently modified their holdings of AMBA. Intech Investment Management LLC purchased a new stake in Ambarella in the third quarter valued at approximately $722,000. Charles Schwab Investment Management Inc. grew its stake in shares of Ambarella by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 320,319 shares of the semiconductor company’s stock valued at $18,068,000 after buying an additional 3,700 shares during the period. Algert Global LLC increased its holdings in shares of Ambarella by 76.2% during the 3rd quarter. Algert Global LLC now owns 94,999 shares of the semiconductor company’s stock worth $5,358,000 after buying an additional 41,094 shares during the last quarter. Larson Financial Group LLC raised its position in shares of Ambarella by 6,014.3% in the 3rd quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company’s stock worth $48,000 after buying an additional 842 shares during the period. Finally, Alpha DNA Investment Management LLC raised its position in shares of Ambarella by 16.1% in the 3rd quarter. Alpha DNA Investment Management LLC now owns 8,480 shares of the semiconductor company’s stock worth $478,000 after buying an additional 1,175 shares during the period. Institutional investors and hedge funds own 82.09% of the company’s stock.

Ambarella Price Performance

NASDAQ:AMBA opened at $54.26 on Monday. Ambarella, Inc. has a 1-year low of $39.69 and a 1-year high of $85.15. The stock has a market cap of $2.26 billion, a P/E ratio of -14.06 and a beta of 1.78. The firm has a 50-day moving average of $69.81 and a two-hundred day moving average of $65.43.

Insider Activity at Ambarella

In other news, COO Chan W. Lee sold 1,000 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $79.15, for a total value of $79,150.00. Following the sale, the chief operating officer now owns 116,918 shares in the company, valued at approximately $9,254,059.70. This represents a 0.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Christopher B. Paisley sold 1,500 shares of Ambarella stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $73.80, for a total value of $110,700.00. Following the completion of the transaction, the director now owns 40,781 shares of the company’s stock, valued at $3,009,637.80. This trade represents a 3.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,575 shares of company stock valued at $1,069,957. Insiders own 5.70% of the company’s stock.

Analysts Set New Price Targets

AMBA has been the subject of several research analyst reports. Rosenblatt Securities restated a “buy” rating and set a $100.00 price target on shares of Ambarella in a research note on Thursday, February 27th. Needham & Company LLC increased their target price on shares of Ambarella from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Stifel Nicolaus lifted their price target on shares of Ambarella from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Morgan Stanley increased their price objective on shares of Ambarella from $73.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Finally, Craig Hallum lifted their target price on shares of Ambarella from $85.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $86.67.

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.