MetLife Investment Management LLC Buys 1,065 Shares of Ambarella, Inc. (NASDAQ:AMBA)

MetLife Investment Management LLC raised its stake in shares of Ambarella, Inc. (NASDAQ:AMBA) by 4.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 22,892 shares of the semiconductor company’s stock after buying an additional 1,065 shares during the quarter. MetLife Investment Management LLC’s holdings in Ambarella were worth $1,665,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Invesco Ltd. increased its position in Ambarella by 736.7% during the fourth quarter. Invesco Ltd. now owns 335,730 shares of the semiconductor company’s stock valued at $24,421,000 after acquiring an additional 295,606 shares during the last quarter. Barclays PLC increased its position in shares of Ambarella by 281.3% during the 3rd quarter. Barclays PLC now owns 388,090 shares of the semiconductor company’s stock valued at $21,891,000 after purchasing an additional 286,296 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of Ambarella by 345.2% in the 4th quarter. Alliancebernstein L.P. now owns 189,235 shares of the semiconductor company’s stock worth $13,765,000 after purchasing an additional 146,729 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Ambarella by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 4,696,124 shares of the semiconductor company’s stock worth $341,596,000 after buying an additional 81,557 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in Ambarella by 34.8% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 305,395 shares of the semiconductor company’s stock valued at $22,214,000 after buying an additional 78,893 shares during the last quarter. 82.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Insider Transactions at Ambarella

In other news, VP Christopher Day sold 479 shares of the business’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $55.02, for a total value of $26,354.58. Following the sale, the vice president now directly owns 15,441 shares in the company, valued at $849,563.82. The trade was a 3.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Chan W. Lee sold 1,468 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $55.02, for a total transaction of $80,769.36. Following the completion of the transaction, the chief operating officer now directly owns 130,297 shares of the company’s stock, valued at approximately $7,168,940.94. The trade was a 1.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 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.

Ambarella Trading Down 0.3 %

NASDAQ:AMBA opened at $47.14 on Wednesday. The company has a market capitalization of $2.00 billion, a P/E ratio of -12.21 and a beta of 1.86. The business’s 50-day moving average is $51.64 and its 200 day moving average is $63.56. Ambarella, Inc. has a 12 month low of $38.86 and a 12 month high of $85.15.

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.