State of New Jersey Common Pension Fund D Has $2.78 Million Holdings in Ambarella, Inc. (NASDAQ:AMBA)

State of New Jersey Common Pension Fund D lifted its position in shares of Ambarella, Inc. (NASDAQ:AMBA) by 9.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,270 shares of the semiconductor company’s stock after purchasing an additional 3,865 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.11% of Ambarella worth $2,775,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. California Public Employees Retirement System grew its holdings in shares of Ambarella by 2.4% during the 4th quarter. California Public Employees Retirement System now owns 64,751 shares of the semiconductor company’s stock worth $3,969,000 after purchasing an additional 1,531 shares in the last quarter. Duality Advisers LP boosted its stake in Ambarella by 17.8% in the 4th quarter. Duality Advisers LP now owns 20,426 shares of the semiconductor company’s stock valued at $1,252,000 after buying an additional 3,080 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in Ambarella by 36.2% in the 4th quarter. Daiwa Securities Group Inc. now owns 1,433 shares of the semiconductor company’s stock valued at $88,000 after buying an additional 381 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Ambarella by 2.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,207 shares of the semiconductor company’s stock valued at $442,000 after buying an additional 195 shares in the last quarter. Finally, Aquila Investment Management LLC boosted its stake in Ambarella by 11.1% in the 4th quarter. Aquila Investment Management LLC now owns 40,000 shares of the semiconductor company’s stock valued at $2,452,000 after buying an additional 4,000 shares in the last quarter. Institutional investors and hedge funds own 82.09% of the company’s stock.

Insider Activity at Ambarella

In related news, CEO Feng-Ming Wang sold 2,173 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $49.27, for a total value of $107,063.71. Following the completion of the sale, the chief executive officer now owns 806,632 shares in the company, valued at $39,742,758.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Feng-Ming Wang sold 2,173 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $49.27, for a total value of $107,063.71. Following the completion of the sale, the chief executive officer now owns 806,632 shares in the company, valued at $39,742,758.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Chan W. Lee sold 1,075 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $49.27, for a total value of $52,965.25. Following the completion of the sale, the chief operating officer now owns 124,146 shares of the company’s stock, valued at $6,116,673.42. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,648 shares of company stock worth $327,595. 5.90% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently commented on AMBA shares. Wells Fargo & Company lowered Ambarella from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $85.00 to $65.00 in a research note on Wednesday, January 3rd. Morgan Stanley boosted their price target on Ambarella from $67.00 to $73.00 and gave the company an “overweight” rating in a research note on Wednesday, February 28th. StockNews.com raised Ambarella to a “sell” rating in a research note on Friday. Bank of America decreased their price target on Ambarella from $62.00 to $50.00 and set an “underperform” rating on the stock in a research note on Tuesday, April 16th. Finally, Susquehanna boosted their price target on Ambarella from $70.00 to $80.00 and gave the company a “positive” rating in a research note on Wednesday, February 28th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $71.08.

Ambarella Trading Up 5.0 %

NASDAQ AMBA opened at $45.24 on Tuesday. The stock has a 50-day simple moving average of $50.26 and a 200 day simple moving average of $53.40. The company has a market capitalization of $1.85 billion, a PE ratio of -10.67 and a beta of 1.66. Ambarella, Inc. has a 12 month low of $40.31 and a 12 month high of $89.18.

Ambarella (NASDAQ:AMBA) last released its quarterly earnings data on Tuesday, February 27th. The semiconductor company reported ($0.95) EPS for the quarter, beating analysts’ consensus estimates of ($0.98) by $0.03. The business had revenue of $51.62 million during the quarter, compared to the consensus estimate of $51.68 million. Ambarella had a negative return on equity of 23.78% and a negative net margin of 74.81%. As a group, sell-side analysts predict that Ambarella, Inc. will post -3.53 earnings per share for the current fiscal year.

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.