Westerly Capital Management LLC Has $364,000 Stock Holdings in Ambarella, Inc. (NASDAQ:AMBA)

Westerly Capital Management LLC lowered its position in shares of Ambarella, Inc. (NASDAQ:AMBA) by 95.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,000 shares of the semiconductor company’s stock after selling 95,000 shares during the quarter. Westerly Capital Management LLC’s holdings in Ambarella were worth $364,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC raised its stake in shares of Ambarella by 281.3% in the third quarter. Barclays PLC now owns 388,090 shares of the semiconductor company’s stock valued at $21,891,000 after acquiring an additional 286,296 shares during the last quarter. Lord Abbett & CO. LLC bought a new position in shares of Ambarella in the third quarter valued at about $3,905,000. FNY Investment Advisers LLC raised its stake in shares of Ambarella by 52.1% in the fourth quarter. FNY Investment Advisers LLC now owns 2,248 shares of the semiconductor company’s stock worth $163,000 after acquiring an additional 770 shares during the last quarter. Heritage Family Offices LLP acquired a new position in shares of Ambarella during the fourth quarter worth approximately $213,000. Finally, Tributary Capital Management LLC grew its stake in shares of Ambarella by 15.4% during the fourth quarter. Tributary Capital Management LLC now owns 287,565 shares of the semiconductor company’s stock valued at $20,917,000 after purchasing an additional 38,380 shares during the last quarter. 82.09% of the stock is owned by institutional investors.

Insider Transactions at Ambarella

In other Ambarella news, COO Chan W. Lee sold 1,468 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The stock was 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 owns 130,297 shares of the company’s stock, valued at $7,168,940.94. This represents a 1.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Christopher Day sold 479 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 $26,354.58. Following the completion of the sale, the vice president now owns 15,441 shares in the company, valued at $849,563.82. This trade represents a 3.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,328 shares of company stock valued at $513,467 over the last quarter. Corporate insiders own 5.70% of the company’s stock.

Ambarella Stock Performance

NASDAQ AMBA opened at $47.14 on Wednesday. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of -12.21 and a beta of 1.86. The business has a 50 day simple moving average of $51.64 and a 200 day simple moving average of $63.56. Ambarella, Inc. has a 52-week low of $38.86 and a 52-week high of $85.15.

Analyst Ratings Changes

Several research firms have issued reports on AMBA. StockNews.com raised Ambarella from a “sell” rating to a “hold” rating in a report on Friday, February 28th. Susquehanna lifted their price objective on Ambarella from $95.00 to $100.00 and gave the stock a “positive” rating in a research report on Wednesday, January 22nd. 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. Rosenblatt Securities reissued a “buy” rating and set a $100.00 price target on shares of Ambarella in a research note on Thursday, February 27th. Finally, Stifel Nicolaus lowered their target price on shares of Ambarella from $100.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, April 17th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Ambarella has an average rating of “Moderate Buy” and an average price target 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.