Janus Henderson Group PLC Grows Position in Ambarella, Inc. (NASDAQ:AMBA)

Janus Henderson Group PLC grew its stake in shares of Ambarella, Inc. (NASDAQ:AMBA) by 2.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 29,191 shares of the semiconductor company’s stock after purchasing an additional 823 shares during the period. Janus Henderson Group PLC owned approximately 0.07% of Ambarella worth $1,647,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. CWM LLC boosted its position in Ambarella by 127.7% during the second quarter. CWM LLC now owns 542 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 304 shares in the last quarter. SG Americas Securities LLC purchased a new position in Ambarella during the 2nd quarter valued at about $841,000. OFI Invest Asset Management raised its position in Ambarella by 163.4% during the second quarter. OFI Invest Asset Management now owns 5,705 shares of the semiconductor company’s stock worth $287,000 after acquiring an additional 3,539 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Ambarella by 13.1% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 11,619 shares of the semiconductor company’s stock valued at $627,000 after purchasing an additional 1,347 shares in the last quarter. Finally, Tributary Capital Management LLC grew its holdings in Ambarella by 2.2% during the 2nd quarter. Tributary Capital Management LLC now owns 285,667 shares of the semiconductor company’s stock valued at $15,412,000 after buying an additional 6,020 shares during the last quarter. 82.09% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Ambarella

In other Ambarella news, VP Christopher Day sold 483 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $53.54, for a total value of $25,859.82. Following the completion of the sale, the vice president now owns 21,370 shares of the company’s stock, valued at $1,144,149.80. This trade represents a 2.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Chan W. Lee sold 1,490 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $53.54, for a total transaction of $79,774.60. Following the transaction, the chief operating officer now directly owns 121,406 shares in the company, valued at approximately $6,500,077.24. The trade was a 1.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 20,474 shares of company stock worth $1,246,694. Corporate insiders own 5.70% of the company’s stock.

Analysts Set New Price Targets

AMBA has been the topic of a number of analyst reports. Stifel Nicolaus increased their price objective on Ambarella from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Northland Securities restated an “outperform” rating and set a $95.00 target price (up previously from $75.00) on shares of Ambarella in a research report on Wednesday, November 27th. Roth Mkm reiterated a “neutral” rating and issued a $60.00 price target on shares of Ambarella in a report on Wednesday, August 28th. Craig Hallum raised their price objective on Ambarella from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $100.00 target price on shares of Ambarella in a research report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $82.92.

Ambarella Stock Down 0.8 %

AMBA opened at $72.53 on Friday. The company has a market cap of $3.02 billion, a P/E ratio of -18.79 and a beta of 1.68. The company has a 50 day moving average of $62.53 and a two-hundred day moving average of $56.91. Ambarella, Inc. has a 52-week low of $39.69 and a 52-week high of $81.32.

About Ambarella

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.