Ambarella, Inc. (NASDAQ:AMBA) Stock Position Lifted by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. grew its position in shares of Ambarella, Inc. (NASDAQ:AMBA) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 69,390 shares of the semiconductor company’s stock after buying an additional 900 shares during the period. Hillsdale Investment Management Inc. owned about 0.17% of Ambarella worth $5,047,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ lifted its holdings in Ambarella by 68.7% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company’s stock worth $32,000 after buying an additional 184 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Ambarella in the 4th quarter worth approximately $53,000. Larson Financial Group LLC lifted its holdings in shares of Ambarella by 6,014.3% in the 3rd quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company’s stock worth $48,000 after purchasing an additional 842 shares during the last quarter. R Squared Ltd bought a new stake in shares of Ambarella in the 4th quarter worth approximately $68,000. Finally, Pacer Advisors Inc. lifted its holdings in shares of Ambarella by 24.2% in the 4th quarter. Pacer Advisors Inc. now owns 965 shares of the semiconductor company’s stock worth $70,000 after purchasing an additional 188 shares during the last quarter. Institutional investors own 82.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AMBA. Bank of America raised Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 price target on the stock in a report on Monday, December 16th. Craig Hallum raised their price target on Ambarella from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Stifel Nicolaus raised their price target on Ambarella from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Morgan Stanley raised their target price on Ambarella from $73.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Finally, Northland Securities reaffirmed an “outperform” rating and set a $95.00 target price (up previously from $75.00) on shares of Ambarella in a research note on Wednesday, November 27th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Ambarella currently has a consensus rating of “Moderate Buy” and an average price target of $86.67.

Ambarella Stock Performance

AMBA opened at $54.26 on Friday. Ambarella, Inc. has a one year low of $39.69 and a one year high of $85.15. The stock’s fifty day moving average is $69.81 and its 200-day moving average is $65.29. The company has a market capitalization of $2.26 billion, a PE ratio of -14.06 and a beta of 1.78.

Insider Transactions at Ambarella

In other news, CEO Feng-Ming Wang sold 3,194 shares of the business’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $55.02, for a total value of $175,733.88. Following the sale, the chief executive officer now owns 798,311 shares of the company’s stock, valued at approximately $43,923,071.22. The trade was a 0.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Leslie Kohn sold 1,584 shares of the business’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $55.02, for a total value of $87,151.68. Following the completion of the sale, the chief technology officer now directly owns 981,392 shares in the company, valued at $53,996,187.84. This represents a 0.16 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,575 shares of company stock valued at $1,069,957. Corporate 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.