Swiss National Bank Grows Stock Position in Ambarella, Inc. (NASDAQ:AMBA)

Swiss National Bank boosted its position in shares of Ambarella, Inc. (NASDAQ:AMBA) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 77,033 shares of the semiconductor company’s stock after buying an additional 1,000 shares during the quarter. Swiss National Bank owned approximately 0.18% of Ambarella worth $5,603,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMBA. Tributary Capital Management LLC grew its position in shares of Ambarella by 15.4% during the 4th quarter. Tributary Capital Management LLC now owns 287,565 shares of the semiconductor company’s stock valued at $20,917,000 after acquiring an additional 38,380 shares during the period. Dynamic Technology Lab Private Ltd boosted its position in Ambarella by 592.2% during the third quarter. Dynamic Technology Lab Private Ltd now owns 25,883 shares of the semiconductor company’s stock worth $1,460,000 after purchasing an additional 22,144 shares in the last quarter. Asset Management One Co. Ltd. acquired a new stake in Ambarella in the fourth quarter valued at approximately $553,000. Mirabella Financial Services LLP purchased a new stake in shares of Ambarella in the third quarter valued at approximately $1,530,000. Finally, FMR LLC increased its position in shares of Ambarella by 185.4% in the third quarter. FMR LLC now owns 17,102 shares of the semiconductor company’s stock valued at $965,000 after buying an additional 11,110 shares in the last quarter. Hedge funds and other institutional investors own 82.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AMBA. Morgan Stanley lifted their price target on shares of Ambarella from $73.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Rosenblatt Securities reiterated a “buy” rating and issued a $100.00 target price on shares of Ambarella in a research report on Thursday, February 27th. Bank of America raised shares of Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 target price for the company in a research note on Monday, December 16th. Craig Hallum raised their price target on shares of Ambarella from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, Northland Securities reiterated an “outperform” rating and issued a $95.00 price objective (up from $75.00) on shares of Ambarella in a report on Wednesday, November 27th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Ambarella presently has an average rating of “Moderate Buy” and a consensus price target of $86.67.

Insiders Place Their Bets

In other news, Director Christopher B. Paisley sold 1,500 shares of the stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $73.80, for a total value of $110,700.00. Following the completion of the sale, the director now owns 40,781 shares of the company’s stock, valued at $3,009,637.80. This represents a 3.55 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CTO Leslie Kohn sold 1,584 shares of Ambarella stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $55.02, for a total transaction of $87,151.68. Following the sale, the chief technology officer now directly owns 981,392 shares in the company, valued at approximately $53,996,187.84. The trade was a 0.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,575 shares of company stock valued at $1,069,957 in the last three months. 5.70% of the stock is currently owned by insiders.

Ambarella Stock Performance

Shares of Ambarella stock opened at $54.26 on Monday. The business’s 50 day moving average price is $69.81 and its 200 day moving average price is $65.43. The company has a market cap of $2.26 billion, a price-to-earnings ratio of -14.06 and a beta of 1.78. Ambarella, Inc. has a one year low of $39.69 and a one year high of $85.15.

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.