FNY Investment Advisers LLC Purchases 770 Shares of Ambarella, Inc. (NASDAQ:AMBA)

FNY Investment Advisers LLC boosted its position in shares of Ambarella, Inc. (NASDAQ:AMBA) by 52.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,248 shares of the semiconductor company’s stock after acquiring an additional 770 shares during the period. FNY Investment Advisers LLC’s holdings in Ambarella were worth $163,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMBA. Versor Investments LP grew its position in shares of Ambarella by 5.9% during the 3rd quarter. Versor Investments LP now owns 4,619 shares of the semiconductor company’s stock valued at $261,000 after purchasing an additional 256 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Ambarella by 6.4% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,767 shares of the semiconductor company’s stock valued at $269,000 after buying an additional 285 shares during the period. Blue Trust Inc. grew its position in Ambarella by 180.3% during the third quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company’s stock worth $27,000 after buying an additional 321 shares in the last quarter. Arizona State Retirement System increased its stake in Ambarella by 3.7% in the 2nd quarter. Arizona State Retirement System now owns 10,893 shares of the semiconductor company’s stock worth $588,000 after acquiring an additional 385 shares during the last quarter. Finally, KBC Group NV raised its holdings in shares of Ambarella by 1.3% in the 3rd quarter. KBC Group NV now owns 41,835 shares of the semiconductor company’s stock valued at $2,360,000 after acquiring an additional 525 shares in the last quarter. Institutional investors own 82.09% of the company’s stock.

Insider Transactions at Ambarella

In other news, VP Christopher Day sold 1,278 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $71.61, for a total transaction of $91,517.58. Following the completion of the sale, the vice president now directly owns 17,188 shares in the company, valued at approximately $1,230,832.68. This represents a 6.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Chan W. Lee sold 1,488 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $75.41, for a total value of $112,210.08. Following the transaction, the chief operating officer now owns 119,918 shares in the company, valued at approximately $9,043,016.38. This represents a 1.23 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,861 shares of company stock worth $1,869,536. Insiders own 5.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on AMBA shares. StockNews.com lowered Ambarella from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. Stifel Nicolaus boosted their price target on shares of Ambarella from $80.00 to $95.00 and gave the stock a “buy” 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. Needham & Company LLC lifted their price objective on shares of Ambarella from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, Morgan Stanley increased their target price on Ambarella from $73.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $84.17.

Ambarella Price Performance

AMBA opened at $73.90 on Wednesday. The stock’s 50 day simple moving average is $69.54 and its 200 day simple moving average is $59.86. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of -19.15 and a beta of 1.66. Ambarella, Inc. has a 1 year low of $39.69 and a 1 year high of $81.32.

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.