Invesco Ltd. Increases Stake in Ambarella, Inc. (NASDAQ:AMBA)

Invesco Ltd. boosted its stake in Ambarella, Inc. (NASDAQ:AMBA) by 736.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 335,730 shares of the semiconductor company’s stock after purchasing an additional 295,606 shares during the quarter. Invesco Ltd. owned about 0.81% of Ambarella worth $24,421,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Polymer Capital Management US LLC purchased a new stake in shares of Ambarella during the 4th quarter valued at $244,000. Cerity Partners LLC raised its holdings in shares of Ambarella by 8.8% in the 4th quarter. Cerity Partners LLC now owns 5,098 shares of the semiconductor company’s stock worth $367,000 after purchasing an additional 413 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in shares of Ambarella in the 4th quarter valued at about $37,000. Envestnet Asset Management Inc. grew its holdings in shares of Ambarella by 1.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 52,319 shares of the semiconductor company’s stock worth $3,806,000 after purchasing an additional 923 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in Ambarella by 15.9% in the fourth quarter. Wells Fargo & Company MN now owns 53,397 shares of the semiconductor company’s stock valued at $3,884,000 after buying an additional 7,312 shares during the period. Institutional investors and hedge funds own 82.09% of the company’s stock.

Insiders Place Their Bets

In other news, Director Christopher B. Paisley sold 500 shares of the stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $55.50, for a total transaction of $27,750.00. Following the sale, the director now directly owns 40,281 shares in the company, valued at approximately $2,235,595.50. This represents a 1.23 % 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 479 shares of the business’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $55.02, for a total value of $26,354.58. Following the transaction, the vice president now owns 15,441 shares of the company’s stock, valued at $849,563.82. This represents a 3.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,328 shares of company stock valued at $513,467 over the last 90 days. 5.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Needham & Company LLC raised their target price on shares of Ambarella from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Susquehanna upped their target price on Ambarella from $95.00 to $100.00 and gave the stock a “positive” rating in a research report on Wednesday, January 22nd. Stifel Nicolaus dropped their target price on Ambarella from $100.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday. Rosenblatt Securities reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Ambarella in a research report on Thursday, February 27th. Finally, StockNews.com raised shares of Ambarella from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $85.00.

Ambarella Stock Down 1.1 %

NASDAQ:AMBA opened at $43.11 on Friday. Ambarella, Inc. has a 52 week low of $38.86 and a 52 week high of $85.15. The company has a market cap of $1.83 billion, a PE ratio of -11.17 and a beta of 1.86. The business’s 50 day moving average is $56.41 and its two-hundred day moving average is $64.13.

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.