Manufacturers Life Insurance Company, the Adds $36M in Ambarella, Inc. ($AMBA)
Key Points
- Manufacturers Life Insurance Company, the changed its Ambarella, Inc. ($AMBA) stake by 49.5% last quarter, boosting to 1,586,082 shares worth $107.52 million.
- Wall Street's consensus rating on $AMBA is Buy and an average price target of $93.75.
- $AMBA last traded around $67.79.
Manufacturers Life Insurance Company, the increased its position in Ambarella, Inc. ($AMBA) by 49.5% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,586,082 shares of Ambarella, Inc. after buying 524,937 shares during the quarter. Manufacturers Life Insurance Company, the's holdings in Ambarella, Inc. were worth $107.52 million as of its most recent filing.
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About Ambarella, Inc.
Ambarella, Inc. develops low-power system-on-a-chip, semiconductors, and software for edge and physical artificial intelligence, applications, and intelligent automation. The company's system-on-a-chip (SOC) integrates third generation CVflow technology with advanced video processing, image signal processing, audio processing, and system control functions on a single chip. It also offers central domain controllers, CVflow SoCs, AI neural processors, vision processor SoCs, high-definition radars, and serializer/deserializers, as well as licenses software modules. The company's solutions are used in automotive video recorders, electronic mirrors, front advanced driver assistance system camera, AI Telematics Systems, and cabin monitoring system and driver monitoring system cameras in automotive field; central domain controllers for autonomous vehicles in autonomy; enterprise and public class, and home security cameras in the field of IoT; and enterprise, home, public spaces, and consumer applications, as well as for video conferencing, access control, healthcare, medical, and virtual reality applications. It sells its solutions to original design manufacturers, original equipment manufacturers, automotive market, and Tier-1 suppliers through its direct sales force and distributors. The company operates in Taiwan, rest of the Asia Pacific, Europe, the United States, and rest of North America. Ambarella, Inc. was incorporated in 2004 and is headquartered in Santa Clara, California.
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