D.A. Davidson & CO. Invests $1.67 Million in Ambarella, Inc. (NASDAQ:AMBA)

D.A. Davidson & CO. acquired a new position in shares of Ambarella, Inc. (NASDAQ:AMBA) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 22,980 shares of the semiconductor company’s stock, valued at approximately $1,672,000. D.A. Davidson & CO. owned approximately 0.06% of Ambarella as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Point72 Asset Management L.P. lifted its stake in Ambarella by 70.0% in the third quarter. Point72 Asset Management L.P. now owns 862,084 shares of the semiconductor company’s stock valued at $48,626,000 after buying an additional 355,078 shares during the last quarter. Barclays PLC raised its stake in shares of Ambarella by 281.3% during the third quarter. Barclays PLC now owns 388,090 shares of the semiconductor company’s stock worth $21,891,000 after purchasing an additional 286,296 shares during the last quarter. Stephens Investment Management Group LLC raised its stake in shares of Ambarella by 20.1% during the third quarter. Stephens Investment Management Group LLC now owns 501,036 shares of the semiconductor company’s stock worth $28,261,000 after purchasing an additional 83,752 shares during the last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of Ambarella during the third quarter worth approximately $3,905,000. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Ambarella by 4.8% during the third quarter. The Manufacturers Life Insurance Company now owns 1,353,287 shares of the semiconductor company’s stock worth $76,332,000 after purchasing an additional 61,387 shares during the last quarter. 82.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on AMBA. Morgan Stanley upped their price target on Ambarella from $73.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Bank of America raised 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 Ambarella from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. Craig Hallum upped their price objective on Ambarella from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, Stifel Nicolaus upped their price objective on Ambarella from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Ambarella currently has an average rating of “Moderate Buy” and an average price target of $85.42.

Ambarella Price Performance

Shares of NASDAQ AMBA opened at $78.17 on Friday. The company has a market capitalization of $3.26 billion, a P/E ratio of -20.25 and a beta of 1.66. The business’s 50-day moving average price is $76.26 and its two-hundred day moving average price is $64.25. Ambarella, Inc. has a one year low of $39.69 and a one year high of $85.15.

Insider Transactions at Ambarella

In other Ambarella news, CTO Leslie Kohn sold 1,757 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $75.41, for a total value of $132,495.37. Following the transaction, the chief technology officer now directly owns 959,676 shares in the company, valued at approximately $72,369,167.16. This trade represents a 0.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Christopher Day sold 1,278 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $71.61, for a total value of $91,517.58. Following the completion of the transaction, the vice president now owns 17,188 shares in the company, valued at $1,230,832.68. The trade was a 6.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,861 shares of company stock valued at $1,945,436. 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.