Driehaus Capital Management LLC boosted its stake in shares of Ambarella Inc (NASDAQ:AMBA) by 973.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 44,000 shares of the semiconductor company’s stock after purchasing an additional 39,900 shares during the period. Driehaus Capital Management LLC’s holdings in Ambarella were worth $2,585,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. MANA Advisors LLC bought a new position in Ambarella during the fourth quarter valued at about $504,000. Renaissance Technologies LLC bought a new position in Ambarella during the fourth quarter valued at about $3,296,000. Amundi Pioneer Asset Management Inc. bought a new position in Ambarella during the fourth quarter valued at about $7,163,000. AXA grew its position in Ambarella by 27.6% during the fourth quarter. AXA now owns 1,064,316 shares of the semiconductor company’s stock valued at $62,528,000 after buying an additional 230,238 shares during the period. Finally, Geode Capital Management LLC grew its position in Ambarella by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 88,075 shares of the semiconductor company’s stock valued at $5,174,000 after buying an additional 1,735 shares during the period. Institutional investors own 69.90% of the company’s stock.
Ambarella Inc (NASDAQ:AMBA) opened at $54.31 on Monday. The firm has a market cap of $1,808.88, a PE ratio of 98.75, a price-to-earnings-growth ratio of 16.36 and a beta of 1.53. Ambarella Inc has a 1 year low of $40.06 and a 1 year high of $66.23.
In other Ambarella news, insider Leslie Kohn sold 4,614 shares of the stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $57.69, for a total transaction of $266,181.66. Following the completion of the transaction, the insider now owns 906,766 shares in the company, valued at $52,311,330.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Christopher Day sold 1,111 shares of the stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $57.69, for a total transaction of $64,093.59. Following the transaction, the vice president now owns 22,216 shares of the company’s stock, valued at approximately $1,281,641.04. The disclosure for this sale can be found here. Insiders have sold 23,213 shares of company stock valued at $1,348,516 in the last quarter. Company insiders own 5.80% of the company’s stock.
AMBA has been the subject of several research reports. Oppenheimer upgraded shares of Ambarella from a “market perform” rating to a “buy” rating and set a $70.00 price target for the company in a research report on Wednesday, January 3rd. BidaskClub lowered shares of Ambarella from a “hold” rating to a “sell” rating in a research report on Saturday, January 13th. Zacks Investment Research upgraded shares of Ambarella from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Morgan Stanley increased their price target on shares of Ambarella from $60.00 to $65.00 and gave the company an “overweight” rating in a research report on Wednesday, December 13th. Finally, Stifel Nicolaus restated a “buy” rating and set a $62.00 price target (up previously from $52.00) on shares of Ambarella in a research report on Wednesday, November 22nd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. Ambarella presently has an average rating of “Hold” and an average price target of $60.83.
Ambarella, Inc offers semiconductor processing solutions for video that enable high-definition (HD), video capture, sharing and display. The Company operates through the development and sale of low-power, high-definition video products segment. Its system-on-a-chip designs incorporate HD video processing, image processing, audio processing and system functions onto a single chip.
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