Robeco Schweiz AG Has $20 Million Stake in Ambarella, Inc. (NASDAQ:AMBA)

Robeco Schweiz AG lowered its holdings in shares of Ambarella, Inc. (NASDAQ:AMBA) by 3.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 274,920 shares of the semiconductor company’s stock after selling 8,880 shares during the quarter. Robeco Schweiz AG’s holdings in Ambarella were worth $19,998,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Los Angeles Capital Management LLC bought a new position in Ambarella during the 4th quarter worth about $558,000. Artemis Wealth Advisors LLC acquired a new position in shares of Ambarella during the fourth quarter worth about $1,455,000. Prakash Investment Advisors LLC bought a new position in shares of Ambarella during the fourth quarter worth about $291,000. D.A. Davidson & CO. acquired a new stake in Ambarella in the 4th quarter valued at approximately $1,672,000. Finally, Principal Financial Group Inc. bought a new stake in Ambarella in the 4th quarter valued at approximately $1,159,000. Institutional investors own 82.09% of the company’s stock.

Ambarella Stock Up 3.0 %

AMBA opened at $75.81 on Thursday. Ambarella, Inc. has a 12-month low of $39.69 and a 12-month high of $85.15. The business has a 50 day moving average of $76.25 and a 200-day moving average of $64.86. The stock has a market cap of $3.16 billion, a price-to-earnings ratio of -19.64 and a beta of 1.66.

Insider Activity at Ambarella

In other Ambarella news, CTO Leslie Kohn sold 1,757 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $75.41, for a total value of $132,495.37. Following the transaction, the chief technology officer now directly owns 959,676 shares in the company, valued at $72,369,167.16. The trade was a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Chi-Hong Ju sold 5,118 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $75.71, for a total transaction of $387,483.78. Following the sale, the vice president now owns 158,686 shares of the company’s stock, valued at approximately $12,014,117.06. This represents a 3.12 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,861 shares of company stock worth $1,945,436. Company insiders own 5.70% of the company’s stock.

Wall Street Analysts Forecast Growth

AMBA has been the subject of several research reports. Morgan Stanley raised their price target on shares of Ambarella from $73.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Needham & Company LLC lifted their price target on shares of Ambarella from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Northland Securities restated an “outperform” rating and set a $95.00 price objective (up from $75.00) on shares of Ambarella in a research note on Wednesday, November 27th. StockNews.com cut Ambarella from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. Finally, Stifel Nicolaus upped their target price on Ambarella from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $85.42.

Ambarella 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.