Prakash Investment Advisors LLC Purchases New Shares in Ambarella, Inc. (NASDAQ:AMBA)

Prakash Investment Advisors LLC purchased a new stake in shares of Ambarella, Inc. (NASDAQ:AMBA) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 4,000 shares of the semiconductor company’s stock, valued at approximately $291,000.

A number of other hedge funds also recently bought and sold shares of the business. Pacer Advisors Inc. raised its stake in 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 in the last quarter. Manchester Capital Management LLC raised its stake in shares of Ambarella by 21.8% in the fourth quarter. Manchester Capital Management LLC now owns 1,175 shares of the semiconductor company’s stock valued at $85,000 after acquiring an additional 210 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Ambarella by 5.0% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,003 shares of the semiconductor company’s stock valued at $364,000 after acquiring an additional 236 shares during the period. Versor Investments LP raised its stake in shares of Ambarella by 5.9% in the third quarter. Versor Investments LP now owns 4,619 shares of the semiconductor company’s stock valued at $261,000 after acquiring an additional 256 shares during the period. Finally, Blue Trust Inc. raised its stake in shares of Ambarella by 180.3% in the third quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 321 shares during the period. Hedge funds and other institutional investors own 82.09% of the company’s stock.

Ambarella Stock Down 2.0 %

Shares of Ambarella stock opened at $81.27 on Friday. The firm has a market capitalization of $3.39 billion, a P/E ratio of -21.05 and a beta of 1.66. The company has a 50 day moving average price of $76.15 and a 200 day moving average price of $63.84. Ambarella, Inc. has a 52 week low of $39.69 and a 52 week high of $85.15.

Analyst Upgrades and Downgrades

AMBA has been the topic of a number of research analyst reports. Northland Securities restated an “outperform” rating and issued a $95.00 price target (up from $75.00) on shares of Ambarella in a report on Wednesday, November 27th. StockNews.com cut shares of Ambarella from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. Stifel Nicolaus upped their price target on shares of Ambarella from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Needham & Company LLC increased their target price on shares of Ambarella from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, Morgan Stanley increased their target price on shares of Ambarella from $73.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $85.42.

Insider Activity at Ambarella

In other Ambarella news, CEO Feng-Ming Wang sold 4,296 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $75.41, for a total transaction of $323,961.36. Following the completion of the transaction, the chief executive officer now directly owns 755,231 shares of the company’s stock, valued at approximately $56,951,969.71. This trade represents a 0.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Christopher Day sold 1,278 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $71.61, for a total transaction of $91,517.58. Following the transaction, the vice president now directly owns 17,188 shares of the company’s stock, valued at $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. Insiders sold 25,861 shares of company stock valued at $1,945,436 in the last three months. 5.70% of the stock is owned by insiders.

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.