Counterpoint Mutual Funds LLC Purchases Shares of 3,940 Ambarella, Inc. (NASDAQ:AMBA)

Counterpoint Mutual Funds LLC purchased a new stake in Ambarella, Inc. (NASDAQ:AMBA) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 3,940 shares of the semiconductor company’s stock, valued at approximately $287,000.

A number of other institutional investors have also recently bought and sold shares of AMBA. Cibc World Markets Corp acquired a new stake in shares of Ambarella in the fourth quarter valued at approximately $258,000. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Ambarella in the fourth quarter valued at approximately $214,000. Natixis Advisors LLC raised its holdings in shares of Ambarella by 11.8% in the fourth quarter. Natixis Advisors LLC now owns 12,218 shares of the semiconductor company’s stock valued at $889,000 after purchasing an additional 1,291 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Ambarella by 32.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 6,783 shares of the semiconductor company’s stock valued at $493,000 after purchasing an additional 1,669 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Ambarella by 68.7% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 184 shares during the last quarter. Institutional investors own 82.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AMBA shares. Needham & Company LLC lifted their price objective on shares of Ambarella from $100.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Northland Securities reiterated an “outperform” rating and issued a $95.00 price objective (up from $75.00) on shares of Ambarella in a report on Wednesday, November 27th. Susquehanna boosted their target price on shares of Ambarella from $95.00 to $100.00 and gave the stock a “positive” rating in a report on Wednesday, January 22nd. Rosenblatt Securities restated a “buy” rating and set a $100.00 target price on shares of Ambarella in a report on Thursday, February 27th. Finally, Craig Hallum boosted their target price on shares of Ambarella from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $86.67.

Insider Buying and Selling at Ambarella

In other Ambarella news, Director Christopher B. Paisley sold 1,500 shares of the company’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $73.80, for a total value of $110,700.00. Following the transaction, the director now directly owns 40,781 shares in the company, valued at $3,009,637.80. The trade was a 3.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Christopher Day sold 1,247 shares of the company’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $78.10, for a total transaction of $97,390.70. Following the completion of the transaction, the vice president now owns 14,530 shares in the company, valued at approximately $1,134,793. This represents a 7.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,747 shares of company stock worth $584,241 over the last ninety days. Insiders own 5.70% of the company’s stock.

Ambarella Price Performance

NASDAQ:AMBA opened at $53.79 on Wednesday. Ambarella, Inc. has a one year low of $39.69 and a one year high of $85.15. The company has a market cap of $2.24 billion, a P/E ratio of -13.94 and a beta of 1.78. The firm’s fifty day moving average price is $71.09 and its two-hundred day moving average price is $65.47.

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.