Ambarella, Inc. (NASDAQ:AMBA) Shares Sold by Nebula Research & Development LLC

Nebula Research & Development LLC reduced its stake in shares of Ambarella, Inc. (NASDAQ:AMBA) by 20.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,224 shares of the semiconductor company’s stock after selling 6,311 shares during the quarter. Nebula Research & Development LLC’s holdings in Ambarella were worth $1,762,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in AMBA. Tributary Capital Management LLC raised its position in Ambarella by 15.4% in the 4th 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. Asset Management One Co. Ltd. purchased a new stake in Ambarella during the 4th quarter valued at approximately $553,000. Artemis Wealth Advisors LLC acquired a new stake in Ambarella during the 4th quarter worth approximately $1,455,000. Pinnacle Wealth Management Advisory Group LLC purchased a new stake in shares of Ambarella during the fourth quarter worth approximately $256,000. Finally, Van ECK Associates Corp grew its position in Ambarella by 118.1% in the 4th quarter. Van ECK Associates Corp now owns 9,951 shares of the semiconductor company’s stock valued at $724,000 after buying an additional 5,388 shares during the last quarter. Institutional investors and hedge funds own 82.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Needham & Company LLC upped their price objective on shares of Ambarella from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Susquehanna upped their price target on Ambarella from $95.00 to $100.00 and gave the stock a “positive” rating in a report on Wednesday, January 22nd. StockNews.com upgraded shares of Ambarella from a “sell” rating to a “hold” rating in a report on Friday, February 28th. Rosenblatt Securities reissued a “buy” rating and set a $100.00 price objective on shares of Ambarella in a research note on Thursday, February 27th. Finally, Stifel Nicolaus lowered their price target on Ambarella from $100.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, April 17th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $85.00.

Ambarella Stock Up 2.0 %

AMBA opened at $47.57 on Friday. The firm’s 50 day moving average is $53.03 and its 200-day moving average is $63.70. Ambarella, Inc. has a 52-week low of $38.86 and a 52-week high of $85.15. The firm has a market capitalization of $2.02 billion, a P/E ratio of -12.32 and a beta of 1.86.

Insider Buying and Selling

In other news, CTO Leslie Kohn sold 1,584 shares of Ambarella stock in a transaction dated Tuesday, March 18th. The stock was 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 of the company’s stock, valued at approximately $53,996,187.84. The trade was a 0.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Christopher Day sold 479 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 value of $26,354.58. Following the completion of the transaction, the vice president now directly 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 have sold 9,328 shares of company stock valued at $513,467 in the last quarter. Company insiders own 5.70% of the company’s stock.

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.