Robeco Schweiz AG Sells 8,880 Shares of Ambarella, Inc. (NASDAQ:AMBA)

Robeco Schweiz AG decreased its holdings in shares of Ambarella, Inc. (NASDAQ:AMBA) by 3.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 274,920 shares of the semiconductor company’s stock after selling 8,880 shares during the period. Robeco Schweiz AG owned about 0.66% of Ambarella worth $19,998,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. lifted its position in shares of Ambarella by 70.0% during the 3rd quarter. Point72 Asset Management L.P. now owns 862,084 shares of the semiconductor company’s stock worth $48,626,000 after buying an additional 355,078 shares during the period. Barclays PLC raised its stake in Ambarella by 281.3% during the third quarter. Barclays PLC now owns 388,090 shares of the semiconductor company’s stock worth $21,891,000 after acquiring an additional 286,296 shares in the last quarter. Stephens Investment Management Group LLC lifted its holdings in shares of Ambarella by 20.1% during the third quarter. Stephens Investment Management Group LLC now owns 501,036 shares of the semiconductor company’s stock valued at $28,261,000 after acquiring an additional 83,752 shares during the period. Lord Abbett & CO. LLC acquired a new stake in shares of Ambarella in the 3rd quarter valued at $3,905,000. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Ambarella by 4.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,353,287 shares of the semiconductor company’s stock worth $76,332,000 after purchasing an additional 61,387 shares during the last quarter. 82.09% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Ambarella

In related news, COO Chan W. Lee sold 1,488 shares of Ambarella stock in a transaction on Monday, December 16th. The stock was sold at an average price of $75.41, for a total transaction of $112,210.08. Following the completion of the sale, the chief operating officer now directly owns 119,918 shares of the company’s stock, valued at $9,043,016.38. The trade was a 1.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $91,517.58. Following the completion of the transaction, the vice president now directly owns 17,188 shares in the company, valued at $1,230,832.68. The trade was a 6.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,861 shares of company stock worth $1,945,436 in the last quarter. 5.70% of the stock is owned by company insiders.

Ambarella Stock Up 3.0 %

Shares of AMBA stock opened at $75.81 on Thursday. Ambarella, Inc. has a 12 month low of $39.69 and a 12 month high of $85.15. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of -19.64 and a beta of 1.66. The stock has a 50-day moving average price of $76.25 and a 200 day moving average price of $64.86.

Wall Street Analysts Forecast Growth

AMBA has been the subject of several analyst reports. Stifel Nicolaus lifted their price target on shares of Ambarella from $80.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Northland Securities reiterated an “outperform” rating and issued a $95.00 target price (up previously from $75.00) on shares of Ambarella in a research note on Wednesday, November 27th. Susquehanna increased their price target on Ambarella from $95.00 to $100.00 and gave the stock a “positive” rating in a research report on Wednesday, January 22nd. Needham & Company LLC lifted their price objective on Ambarella from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Finally, Craig Hallum boosted their price objective on Ambarella from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $85.42.

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.