1 week Ago By ABMN Staff
Geode Capital Management LLC decreased its holdings in Ambarella, Inc. ( NASDAQ:AMBA – Free Report ) by 0.2% in the fourth quarter, HoldingsChannel.
com reports. The firm owned 914,534 shares of the semiconductor company’s stock after selling 2,223 shares during the quarter. Geode Capital Management LLC’s holdings in Ambarella were worth $66,539,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of AMBA. Skandinaviska Enskilda Banken AB publ lifted its position in shares of Ambarella by 68.7% during the 4th quarter.
Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 184 shares in the last quarter. SBI Securities Co. Ltd.
purchased a new position in Ambarella during the fourth quarter valued at $53,000. R Squared Ltd acquired a new stake in shares of Ambarella in the fourth quarter valued at about $68,000. National Bank of Canada FI purchased a new stake in shares of Ambarella during the fourth quarter worth about $69,000.
Finally, Pacer Advisors Inc. raised its position in shares of Ambarella by 24.2% during the 4th 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. 82.
09% of the stock is owned by institutional investors and hedge funds. Insider Activity In other Ambarella news, CEO Feng-Ming Wang sold 3,194 shares of the stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $55.
02, for a total value of $175,733.88. Following the sale, the chief executive officer now owns 798,311 shares of the company’s stock, valued at $43,923,071.
22. This trade represents a 0.40 % decrease in their position.
The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link . Also, VP Christopher Day sold 479 shares of the firm’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $55.
02, for a total transaction of $26,354.58. Following the completion of the sale, the vice president now owns 15,441 shares in the company, valued at $849,563.
82. The trade was a 3.01 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . Over the last ninety days, insiders sold 11,328 shares of company stock valued at $662,867. 5.
70% of the stock is currently owned by corporate insiders. Ambarella Stock Up 0.9 % Analyst Ratings Changes A number of analysts have recently issued reports on AMBA shares.
Susquehanna lifted their price target on Ambarella from $95.00 to $100.00 and gave the stock a “positive” rating in a research note on Wednesday, January 22nd.
Rosenblatt Securities reaffirmed a “buy” rating and set a $100.00 target price on shares of Ambarella in a research note on Thursday, February 27th. StockNews.
com raised shares of Ambarella from a “sell” rating to a “hold” rating in a report on Friday, February 28th. Stifel Nicolaus raised their price target on shares of Ambarella from $95.00 to $100.
00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Finally, Needham & Company LLC increased their price objective on shares of 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 assigned a buy rating to the stock. Based on data from MarketBeat.
com, Ambarella currently has an average rating of “Moderate Buy” and an average target price of $86.67. Check Out Our Latest Analysis on AMBA About Ambarella ( Free Report ) 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. See Also Want to see what other hedge funds are holding AMBA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ambarella, Inc.
( NASDAQ:AMBA – Free Report ). Receive News & Ratings for Ambarella Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ambarella and related companies with MarketBeat.com's FREE daily email newsletter .
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