Marshall Wace LLP Sells 353,588 Shares of Ambarella, Inc. (NASDAQ:AMBA)

Marshall Wace LLP cut its position in Ambarella, Inc. (NASDAQ:AMBA) by 63.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 202,426 shares of the semiconductor company’s stock after selling 353,588 shares during the quarter. Marshall Wace LLP owned approximately 0.49% of Ambarella worth $14,724,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Arizona State Retirement System grew its holdings in shares of Ambarella by 1.4% during the fourth quarter. Arizona State Retirement System now owns 11,368 shares of the semiconductor company’s stock valued at $827,000 after buying an additional 156 shares during the last quarter. Summit Investment Advisors Inc. lifted its position in Ambarella by 4.2% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,964 shares of the semiconductor company’s stock worth $288,000 after acquiring an additional 161 shares during the period. Skandinaviska Enskilda Banken AB publ grew its stake in Ambarella by 68.7% during the 4th 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. Pacer Advisors Inc. increased its holdings in shares of Ambarella by 24.2% in the fourth quarter. Pacer Advisors Inc. now owns 965 shares of the semiconductor company’s stock valued at $70,000 after purchasing an additional 188 shares during the period. Finally, Manchester Capital Management LLC increased its holdings in shares of Ambarella by 21.8% in the fourth quarter. Manchester Capital Management LLC now owns 1,175 shares of the semiconductor company’s stock valued at $85,000 after purchasing an additional 210 shares during the period. 82.09% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Ambarella

In related news, VP Christopher Day sold 479 shares of the business’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $55.02, for a total value of $26,354.58. Following the completion of 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christopher B. Paisley sold 500 shares of the stock in a transaction 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,328 shares of company stock valued at $513,467 in the last three months. 5.70% of the stock is currently owned by company insiders.

Ambarella Trading Down 1.1 %

NASDAQ AMBA opened at $43.11 on Monday. Ambarella, Inc. has a twelve month low of $38.86 and a twelve month high of $85.15. The stock has a 50-day moving average of $56.41 and a 200 day moving average of $64.23. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of -11.17 and a beta of 1.86.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. StockNews.com upgraded Ambarella from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. Stifel Nicolaus dropped their price objective on shares of Ambarella from $100.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday. Susquehanna raised 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. Needham & Company LLC upped their price target on shares of Ambarella from $100.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $100.00 price objective on shares of Ambarella in a research note on Thursday, February 27th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.