Guggenheim Capital LLC Trims Stock Holdings in Ambarella, Inc. (NASDAQ:AMBA)

Guggenheim Capital LLC lowered its position in shares of Ambarella, Inc. (NASDAQ:AMBA) by 34.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,168 shares of the semiconductor company’s stock after selling 4,921 shares during the quarter. Guggenheim Capital LLC’s holdings in Ambarella were worth $667,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Skandinaviska Enskilda Banken AB publ raised its stake in Ambarella by 68.7% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 184 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of Ambarella in the fourth quarter worth approximately $37,000. Sterling Capital Management LLC grew its holdings in shares of Ambarella by 629.3% during the fourth quarter. Sterling Capital Management LLC now owns 598 shares of the semiconductor company’s stock valued at $43,000 after buying an additional 516 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Ambarella during the fourth quarter valued at approximately $53,000. Finally, R Squared Ltd bought a new stake in shares of Ambarella during the fourth quarter valued at approximately $68,000. Institutional investors own 82.09% of the company’s stock.

Ambarella Stock Performance

NASDAQ AMBA opened at $46.66 on Friday. The business’s fifty day moving average is $53.73 and its 200 day moving average is $63.76. Ambarella, Inc. has a fifty-two week low of $38.86 and a fifty-two week high of $85.15. The company has a market capitalization of $1.98 billion, a PE ratio of -12.09 and a beta of 1.86.

Insider Activity

In other news, VP Christopher Day sold 479 shares of the firm’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $55.02, for a total transaction of $26,354.58. Following the sale, the vice president now directly owns 15,441 shares in the company, valued at $849,563.82. This trade represents a 3.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Feng-Ming Wang sold 3,194 shares of the company’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $55.02, for a total transaction of $175,733.88. Following the completion of the transaction, the chief executive officer now directly owns 798,311 shares of the company’s stock, valued at $43,923,071.22. This represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,328 shares of company stock valued at $513,467 in the last ninety days. Corporate insiders own 5.70% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Stifel Nicolaus cut their target price on Ambarella from $100.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th. Susquehanna increased their price objective on Ambarella from $95.00 to $100.00 and gave the company a “positive” rating in a research report on Wednesday, January 22nd. StockNews.com raised Ambarella from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. Needham & Company LLC raised their price target on shares of Ambarella from $100.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $100.00 price target on shares of Ambarella in a research note on Thursday, February 27th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Ambarella currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.00.

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.