Wunderlich Securities sold its position in shares of Ambarella Inc (NASDAQ:AMBA) during the fourth quarter, according to its most recent disclosure with the SEC. The firm previously had a 5,400 share position in the company, valued at approximately $206,334. Wunderlich Securities had fully closed out its position in company by the time it had filed its most recent disclosure with the SEC.

Separately, Curbstone Financial Management increased its stake in shares of Ambarella by 97.5% in the fourth quarter. Curbstone Financial Management now owns 7,890 shares of the company’s stock worth $440,000 after buying an additional 3,895 shares in the last quarter.

Shares of Ambarella Inc (NASDAQ:AMBA) traded up 2.36% during midday trading on Friday, hitting $38.21. The company had a trading volume of 1,858,072 shares. The stock’s 50-day moving average price is $51.91 and its 200-day moving average price is $71.72. The stock has a market capitalization of $1.22 billion and a price-to-earnings ratio of 14.38. Ambarella Inc has a one year low of $34.60 and a one year high of $129.19.

Ambarella (NASDAQ:AMBA) last issued its quarterly earnings results on Thursday, December 3rd. The company reported $1.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.22. The company had revenue of $93.20 million for the quarter, compared to analyst estimates of $90.40 million. During the same period in the prior year, the company earned $0.68 EPS. The company’s quarterly revenue was up 41.9% compared to the same quarter last year. Analysts predict that Ambarella Inc will post $3.13 EPS for the current year.

Several equities analysts recently commented on the company. Stifel Nicolaus restated a “buy” rating and set a $115.00 target price on shares of Ambarella in a research report on Monday, November 30th. Canaccord Genuity restated a “buy” rating and set a $100.00 target price on shares of Ambarella in a research report on Monday, November 16th. TheStreet upgraded Ambarella to a “buy” rating in a research report on Tuesday, October 13th. Zacks Investment Research upgraded Ambarella from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research report on Tuesday, November 3rd. Finally, Topeka Capital Markets restated a “buy” rating and set a $75.00 target price (down previously from $100.00) on shares of Ambarella in a research report on Friday, December 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $82.30.

In other Ambarella news, VP Christopher Day sold 2,817 shares of the company’s stock in a transaction on Thursday, December 17th. The stock was sold at an average price of $57.39, for a total transaction of $161,667.63. Following the completion of the sale, the vice president now directly owns 13,291 shares in the company, valued at $762,770.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lip Bu Tan sold 2,472 shares of the company’s stock in a transaction on Monday, December 28th. The stock was sold at an average price of $58.21, for a total value of $143,895.12. Following the sale, the director now owns 3,236 shares of the company’s stock, valued at $188,367.56. The disclosure for this sale can be found here.

Ambarella, Inc. is a developer of semiconductor processing solutions for video that enable high-definition (NASDAQ:AMBA), video capture, sharing and display. The Company’s system-on-a-chip (SoC) designs HD video processing, image processing, audio processing and system functions onto a single chip, delivering video and image. In the camera market, its platform enables the creation of high-quality video content in wearable sports cameras, automotive aftermarket cameras, professional and consumer Internet Protocol (IP), security cameras, telepresence cameras and unmanned aerial vehicles (UAVs). In the infrastructure market, the Company’s solutions manage IP video traffic, broadcast encoding and transcoding and IP video delivery applications. The Company sells its solutions to original design manufacturers (ODMs), and original equipment manufacturers (OEMs).

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