R Squared Ltd Acquires Shares of 930 Ambarella, Inc. (NASDAQ:AMBA)

R Squared Ltd bought a new position in Ambarella, Inc. (NASDAQ:AMBA) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 930 shares of the semiconductor company’s stock, valued at approximately $68,000.

Other large investors have also modified their holdings of the company. Pacer Advisors Inc. grew its position in Ambarella by 24.2% in the fourth quarter. Pacer Advisors Inc. now owns 965 shares of the semiconductor company’s stock valued at $70,000 after acquiring an additional 188 shares in the last quarter. Register Financial Advisors LLC acquired a new stake in Ambarella during the 4th quarter valued at $240,000. Tributary Capital Management LLC increased its stake in Ambarella by 15.4% during the 4th quarter. Tributary Capital Management LLC now owns 287,565 shares of the semiconductor company’s stock worth $20,917,000 after buying an additional 38,380 shares during the period. Heritage Family Offices LLP acquired a new position in Ambarella in the 4th quarter worth $213,000. Finally, FNY Investment Advisers LLC boosted its position in Ambarella by 52.1% in the 4th quarter. FNY Investment Advisers LLC now owns 2,248 shares of the semiconductor company’s stock valued at $163,000 after buying an additional 770 shares during the last quarter. Institutional investors and hedge funds own 82.09% of the company’s stock.

Ambarella Price Performance

Shares of AMBA opened at $76.72 on Friday. The company’s fifty day moving average price is $74.37 and its 200 day moving average price is $61.59. The company has a market capitalization of $3.20 billion, a PE ratio of -19.88 and a beta of 1.66. Ambarella, Inc. has a one year low of $39.69 and a one year high of $85.15.

Analyst Ratings Changes

AMBA has been the topic of a number of analyst reports. Northland Securities reaffirmed an “outperform” rating and set a $95.00 target price (up from $75.00) on shares of Ambarella in a research report on Wednesday, November 27th. Bank of America upgraded 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. Craig Hallum raised their price target on shares of Ambarella from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Needham & Company LLC upped their price target on shares of Ambarella from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, StockNews.com lowered shares of Ambarella from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $85.42.

Insider Activity at Ambarella

In other Ambarella news, COO Chan W. Lee sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were 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 owns 110,918 shares in the company, valued at $8,418,676.20. This trade represents a 0.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Christopher Day sold 1,278 shares of the company’s stock in a transaction that occurred 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 sale, the vice president now owns 17,188 shares in the company, valued at approximately $1,230,832.68. This represents a 6.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,861 shares of company stock worth $1,945,436. 5.70% of the stock is owned by corporate insiders.

Ambarella Company 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.