Ambarella, Inc. (NASDAQ:AMBA) Holdings Raised by SWS Partners

SWS Partners increased its position in shares of Ambarella, Inc. (NASDAQ:AMBA) by 0.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 67,408 shares of the semiconductor company’s stock after purchasing an additional 247 shares during the period. Ambarella accounts for 1.5% of SWS Partners’ investment portfolio, making the stock its 14th biggest position. SWS Partners’ holdings in Ambarella were worth $4,903,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Larson Financial Group LLC lifted 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 last quarter. SBI Securities Co. Ltd. acquired a new stake in Ambarella during the fourth quarter worth about $53,000. R Squared Ltd bought a new position in Ambarella in the fourth quarter worth about $68,000. Truvestments Capital LLC acquired a new position in Ambarella in the third quarter valued at approximately $69,000. 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 valued at $70,000 after purchasing an additional 188 shares during the last quarter. Institutional investors and hedge funds own 82.09% of the company’s stock.

Insider Buying and Selling at Ambarella

In other Ambarella news, VP Chi-Hong Ju sold 5,118 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $75.71, for a total value of $387,483.78. Following the completion of the sale, the vice president now directly owns 158,686 shares of the company’s stock, valued at approximately $12,014,117.06. This represents a 3.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Chan W. Lee sold 1,000 shares of Ambarella stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $75.90, for a total transaction of $75,900.00. Following the completion of the transaction, the chief operating officer now directly owns 110,918 shares in the company, valued at $8,418,676.20. This represents a 0.89 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,583 shares of company stock valued at $1,853,918. 5.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

AMBA has been the topic of several recent research reports. Needham & Company LLC raised their price target on Ambarella from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Bank of America upgraded Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 target price on the stock in a research note on Monday, December 16th. StockNews.com upgraded shares of Ambarella from a “sell” rating to a “hold” rating in a research report on Friday. Susquehanna lifted their price objective on shares of Ambarella from $95.00 to $100.00 and gave the company a “positive” rating in a research report on Wednesday, January 22nd. Finally, Stifel Nicolaus upped 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. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $86.67.

Ambarella Price Performance

Ambarella stock opened at $56.81 on Tuesday. Ambarella, Inc. has a 12-month low of $39.69 and a 12-month high of $85.15. The stock has a market capitalization of $2.37 billion, a PE ratio of -14.72 and a beta of 1.66. The firm has a 50 day simple moving average of $75.74 and a 200-day simple moving average of $65.39.

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.