5,784 Shares in Ambarella, Inc. (NASDAQ:AMBA) Purchased by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd bought a new stake in Ambarella, Inc. (NASDAQ:AMBA) during the third quarter, HoldingsChannel reports. The institutional investor bought 5,784 shares of the semiconductor company’s stock, valued at approximately $326,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Meeder Asset Management Inc. purchased a new position in shares of Ambarella in the second quarter worth about $26,000. Blue Trust Inc. boosted its holdings in Ambarella by 180.3% in the 3rd quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company’s stock worth $27,000 after buying an additional 321 shares during the period. CWM LLC grew its stake in Ambarella by 127.7% in the 2nd quarter. CWM LLC now owns 542 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 304 shares in the last quarter. Signaturefd LLC raised its holdings in Ambarella by 389.6% during the 3rd quarter. Signaturefd LLC now owns 661 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 526 shares during the period. Finally, Larson Financial Group LLC lifted its position in shares of Ambarella by 6,014.3% during the third quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company’s stock worth $48,000 after acquiring an additional 842 shares in the last quarter. 82.09% of the stock is owned by institutional investors.

Ambarella Stock Down 1.9 %

Shares of AMBA opened at $70.17 on Tuesday. The firm has a fifty day simple moving average of $59.60 and a two-hundred day simple moving average of $55.59. The stock has a market capitalization of $2.90 billion, a P/E ratio of -18.18 and a beta of 1.63. Ambarella, Inc. has a twelve month low of $39.69 and a twelve month high of $81.32.

Insider Activity at Ambarella

In other Ambarella news, CEO Feng-Ming Wang sold 4,382 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $56.02, for a total value of $245,479.64. Following the completion of the transaction, the chief executive officer now directly owns 803,574 shares in the company, valued at approximately $45,016,215.48. This represents a 0.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Christopher Day sold 2,904 shares of Ambarella stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $58.00, for a total transaction of $168,432.00. Following the sale, the vice president now directly owns 18,466 shares in the company, valued at $1,071,028. The trade was a 13.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,460 shares of company stock worth $1,013,172 in the last 90 days. Company insiders own 5.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Westpark Capital reiterated a “buy” rating and set a $85.00 price objective on shares of Ambarella in a research note on Monday, August 26th. Roth Mkm reiterated a “neutral” rating and set a $60.00 price target on shares of Ambarella in a research report on Wednesday, August 28th. Stifel Nicolaus raised their price target on shares of Ambarella from $80.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Susquehanna lifted their price target on Ambarella from $70.00 to $85.00 and gave the company a “positive” rating in a research report on Wednesday, November 27th. Finally, Craig Hallum increased their target price on Ambarella from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $81.67.

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.