19 hours Ago By Defense World Staff
KLP Kapitalforvaltning AS purchased a new stake in Ambarella, Inc. (NASDAQ:AMBA – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 8,000 shares of the semiconductor company’s stock, valued at approximately $582,000.
A number of other large investors have also recently bought and sold shares of the company. Hillsdale Investment Management Inc. lifted its holdings in shares of Ambarella by 1.
3% in the fourth quarter. Hillsdale Investment Management Inc. now owns 69,390 shares of the semiconductor company’s stock worth $5,047,000 after acquiring an additional 900 shares during the last quarter.
Sei Investments Co. grew its holdings in Ambarella by 17.6% during the 4th quarter.
Sei Investments Co. now owns 10,959 shares of the semiconductor company’s stock worth $797,000 after acquiring an additional 1,639 shares during the last quarter. Summit Global Investments acquired a new stake in Ambarella in the fourth quarter valued at $642,000.
Semanteon Capital Management LP bought a new position in Ambarella during the 4th quarter worth $386,000. Finally, Chesapeake Capital Corp IL bought a new stake in shares of Ambarella in the 4th quarter valued at about $385,000. 82.
09% of the stock is currently owned by institutional investors and hedge funds. Insider Activity at AmbarellaIn related news, VP Christopher Day sold 1,247 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $78.
10, for a total transaction of $97,390.70. Following the sale, the vice president now directly owns 14,530 shares of the company’s stock, valued at $1,134,793.
This trade represents a 7.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Also, Director Christopher B. Paisley sold 500 shares of the business’s stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $55.
50, for a total value of $27,750.00. Following the completion of the transaction, the director now directly owns 40,281 shares of the company’s stock, valued at approximately $2,235,595.
50. This trade represents a 1.23 % decrease in their position.
The disclosure for this sale can be found here. Insiders sold a total of 15,575 shares of company stock valued at $987,007 in the last 90 days. Corporate insiders own 5.
70% of the company’s stock. Ambarella Trading Up 1.8 %AMBA opened at $51.
39 on Thursday. Ambarella, Inc. has a 12-month low of $39.
69 and a 12-month high of $85.15. The stock has a fifty day simple moving average of $65.
65 and a two-hundred day simple moving average of $65.34. The company has a market cap of $2.
14 billion, a price-to-earnings ratio of -13.31 and a beta of 1.78.
Analysts Set New Price TargetsSeveral analysts have recently commented on AMBA shares. Rosenblatt Securities reaffirmed a “buy” rating and set a $100.00 price objective on shares of Ambarella in a research report on Thursday, February 27th.
Susquehanna raised their price target 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.
Needham & Company LLC increased their price target on Ambarella from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, February 27th.
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 note on Thursday, February 27th.
Finally, Bank of America raised Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 target price for the company in a report on Monday, December 16th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company.
According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $86.67.Check Out Our Latest Stock Report on AmbarellaAbout 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.Recommended StoriesFive stocks we like better than AmbarellaCanada Bond Market Holiday: How to Invest and Trade Homebuilders in Freefall: Bargain Opportunity or Falling Knife?2 Fintech Stocks to Buy Now and 1 to AvoidThe 3 Most Talked About Investments on WallStreetBets Right NowHow to Use the MarketBeat Excel Dividend CalculatorAnalyst Targets Signal More Growth in CrowdStrike StockWant 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)..
