Johnson Financial Group Inc. Purchases New Shares in Ambarella, Inc. (NASDAQ:AMBA)

Johnson Financial Group Inc. bought a new position in Ambarella, Inc. (NASDAQ:AMBA) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 924 shares of the semiconductor company’s stock, valued at approximately $71,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. increased its stake in Ambarella by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 4,696,124 shares of the semiconductor company’s stock worth $341,596,000 after purchasing an additional 81,557 shares during the period. William Blair Investment Management LLC increased its stake in Ambarella by 8.9% in the fourth quarter. William Blair Investment Management LLC now owns 829,052 shares of the semiconductor company’s stock worth $60,305,000 after purchasing an additional 68,044 shares during the period. Fuller & Thaler Asset Management Inc. purchased a new stake in Ambarella in the fourth quarter worth $52,770,000. Stephens Investment Management Group LLC increased its stake in shares of Ambarella by 0.5% during the fourth quarter. Stephens Investment Management Group LLC now owns 503,468 shares of the semiconductor company’s stock valued at $36,622,000 after buying an additional 2,432 shares during the period. Finally, Barclays PLC raised its holdings in shares of Ambarella by 281.3% in the third quarter. Barclays PLC now owns 388,090 shares of the semiconductor company’s stock valued at $21,891,000 after acquiring an additional 286,296 shares in the last quarter. Hedge funds and other institutional investors own 82.09% of the company’s stock.

Ambarella Stock Down 0.6 %

AMBA stock opened at $47.29 on Tuesday. The firm has a 50 day moving average of $52.32 and a 200 day moving average of $63.68. The stock has a market capitalization of $2.01 billion, a PE ratio of -12.25 and a beta of 1.86. Ambarella, Inc. has a 52 week low of $38.86 and a 52 week high of $85.15.

Insider Buying and Selling

In other Ambarella news, Director Christopher B. Paisley sold 500 shares of Ambarella stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $55.50, for a total transaction of $27,750.00. Following the completion of the sale, the director now directly owns 40,281 shares in the company, valued at approximately $2,235,595.50. The trade was a 1.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Christopher Day sold 479 shares of Ambarella stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $55.02, for a total transaction of $26,354.58. Following the sale, the vice president now owns 15,441 shares of the company’s stock, valued at approximately $849,563.82. The trade was a 3.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,328 shares of company stock worth $513,467 in the last three months. Corporate insiders own 5.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on AMBA. StockNews.com raised shares of Ambarella from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. Rosenblatt Securities reissued a “buy” rating and set a $100.00 target price on shares of Ambarella in a research report on Thursday, February 27th. Stifel Nicolaus cut their target price on shares of Ambarella from $100.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Needham & Company LLC raised their target price on shares of Ambarella from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Finally, Susquehanna lifted their price objective on shares of Ambarella from $95.00 to $100.00 and gave the stock a “positive” rating in a research report on Wednesday, January 22nd. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Ambarella currently has an average rating of “Moderate Buy” and a consensus target price of $85.00.

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.