Fuller & Thaler Asset Management Inc. Makes New Investment in Ambarella, Inc. (NASDAQ:AMBA)

Fuller & Thaler Asset Management Inc. bought a new position in Ambarella, Inc. (NASDAQ:AMBA - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 725,467 shares of the semiconductor company's stock, valued at approximately $52,770,000. Fuller & Thaler Asset Management Inc. owned 1.74% of Ambarella at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMBA. Skandinaviska Enskilda Banken AB publ lifted its position in Ambarella by 68.7% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company's stock worth $32,000 after purchasing an additional 184 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in Ambarella during the fourth quarter worth $37,000. Sterling Capital Management LLC raised its stake in Ambarella by 629.3% during the fourth quarter. Sterling Capital Management LLC now owns 598 shares of the semiconductor company's stock worth $43,000 after acquiring an additional 516 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Ambarella during the fourth quarter worth $53,000. Finally, R Squared Ltd acquired a new position in Ambarella during the fourth quarter worth $68,000. 82.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on AMBA shares. 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. Susquehanna increased their price objective on Ambarella from $95.00 to $100.00 and gave the stock a "positive" rating in a research note on Wednesday, January 22nd. Stifel Nicolaus dropped their price objective on Ambarella from $100.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. StockNews.com upgraded Ambarella from a "sell" rating to a "hold" rating in a research note on Friday, February 28th. Finally, Needham & Company LLC raised their target price on Ambarella from $100.00 to $110.00 and gave the company a "buy" rating 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. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $85.00.

Ambarella Stock Performance

Ambarella stock traded up $0.23 during mid-day trading on Tuesday, reaching $47.52. The company's stock had a trading volume of 90,406 shares, compared to its average volume of 692,296. The business's 50 day simple moving average is $52.32 and its 200 day simple moving average is $63.68. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of -12.29 and a beta of 1.86. Ambarella, Inc. has a 12 month low of $38.86 and a 12 month high of $85.15.

Insider Buying and Selling at Ambarella

In other Ambarella news, CEO Feng-Ming Wang sold 3,194 shares of the company's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $55.02, for a total transaction of $175,733.88. Following the completion of the sale, the chief executive officer now directly owns 798,311 shares in the company, valued at $43,923,071.22. This represents a 0.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 value of $27,750.00. Following the completion of the transaction, the director now owns 40,281 shares of the company's stock, valued at $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 have 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 Company 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.