Bank Julius Baer & Co. Ltd Zurich Takes $220,000 Position in Ambarella, Inc. (NASDAQ:AMBA)

Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Ambarella, Inc. (NASDAQ:AMBA) in the 4th quarter, Holdings Channel.com reports. The firm acquired 2,735 shares of the semiconductor company’s stock, valued at approximately $220,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Tributary Capital Management LLC lifted its position in shares of Ambarella by 15.4% during the 4th quarter. Tributary Capital Management LLC now owns 287,565 shares of the semiconductor company’s stock valued at $20,917,000 after acquiring an additional 38,380 shares during the period. Dynamic Technology Lab Private Ltd increased its stake in Ambarella by 592.2% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 25,883 shares of the semiconductor company’s stock valued at $1,460,000 after purchasing an additional 22,144 shares in the last quarter. Asset Management One Co. Ltd. acquired a new position in Ambarella during the fourth quarter worth $553,000. Mirabella Financial Services LLP purchased a new stake in Ambarella during the third quarter worth $1,530,000. Finally, FMR LLC grew its holdings in Ambarella by 185.4% in the third quarter. FMR LLC now owns 17,102 shares of the semiconductor company’s stock valued at $965,000 after purchasing an additional 11,110 shares during the last quarter. Hedge funds and other institutional investors own 82.09% of the company’s stock.

Ambarella Stock Down 7.8 %

Shares of NASDAQ:AMBA opened at $48.94 on Tuesday. The company has a market cap of $2.04 billion, a P/E ratio of -12.68 and a beta of 1.78. The business has a fifty day simple moving average of $73.71 and a 200-day simple moving average of $65.56. Ambarella, Inc. has a 52 week low of $39.69 and a 52 week high of $85.15.

Insiders Place Their Bets

In related news, VP Christopher Day sold 1,247 shares of Ambarella stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $78.10, for a total value of $97,390.70. Following the transaction, the vice president now owns 14,530 shares in the company, valued at approximately $1,134,793. This trade represents a 7.90 % 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 the SEC website. Also, COO Chan W. Lee sold 1,488 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $75.41, for a total value of $112,210.08. Following the sale, the chief operating officer now owns 119,918 shares of the company’s stock, valued at $9,043,016.38. This represents a 1.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,465 shares of company stock valued at $1,466,434. Insiders own 5.70% of the company’s stock.

Analyst Ratings Changes

AMBA has been the subject of several research reports. Morgan Stanley lifted their price target on Ambarella from $73.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Bank of America raised shares of 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. Susquehanna raised their price objective on shares of Ambarella from $95.00 to $100.00 and gave the stock a “positive” rating in a research note on Wednesday, January 22nd. Needham & Company LLC upped their target price on Ambarella from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $100.00 price target on shares of Ambarella in a research report 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $86.67.

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.