Aquatic Capital Management LLC Has $2.83 Million Holdings in Ambarella, Inc. (NASDAQ:AMBA)

Aquatic Capital Management LLC grew its position in Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 73.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,915 shares of the semiconductor company's stock after buying an additional 16,415 shares during the quarter. Aquatic Capital Management LLC owned approximately 0.09% of Ambarella worth $2,831,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in AMBA. Johnson Financial Group Inc. purchased a new position in Ambarella during the 4th quarter worth approximately $71,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of Ambarella during the fourth quarter valued at $3,626,000. Lord Abbett & CO. LLC lifted its stake in Ambarella by 92.2% in the 4th quarter. Lord Abbett & CO. LLC now owns 133,060 shares of the semiconductor company's stock worth $9,679,000 after acquiring an additional 63,836 shares in the last quarter. Oberweis Asset Management Inc. boosted its holdings in shares of Ambarella by 12.8% during the fourth quarter. Oberweis Asset Management Inc. now owns 182,800 shares of the semiconductor company's stock worth $13,297,000 after purchasing an additional 20,800 shares during the period. Finally, Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Ambarella during the fourth quarter worth $52,770,000. 82.09% of the stock is owned by hedge funds and other institutional investors.

Ambarella Stock Performance

NASDAQ AMBA traded up $2.27 during trading on Friday, reaching $50.43. 539,706 shares of the company traded hands, compared to its average volume of 690,397. Ambarella, Inc. has a 1-year low of $38.86 and a 1-year high of $85.15. The company has a market cap of $2.14 billion, a price-to-earnings ratio of -13.06 and a beta of 1.86. The stock's 50 day moving average price is $50.02 and its two-hundred day moving average price is $63.32.

Analyst Ratings Changes

Several brokerages have recently commented on AMBA. Needham & Company LLC increased their price target on shares of Ambarella from $100.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Stifel Nicolaus lowered their target price on Ambarella from $100.00 to $80.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Rosenblatt Securities reiterated a "buy" rating and set a $100.00 price target on shares of Ambarella in a report on Thursday, February 27th. Susquehanna boosted their target price on shares of Ambarella from $95.00 to $100.00 and gave the stock a "positive" rating in a research report on Wednesday, January 22nd. Finally, StockNews.com raised shares of Ambarella from a "sell" rating to a "hold" rating in a report on Friday, February 28th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $85.00.

Insider Buying and Selling

In related news, Director Christopher B. Paisley sold 500 shares of Ambarella stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $55.50, for a total transaction of $27,750.00. Following the completion of the transaction, the director now directly owns 40,281 shares of the company's stock, valued at $2,235,595.50. This trade represents a 1.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO John Alexander Young sold 2,103 shares of the company's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $55.02, for a total transaction of $115,707.06. Following the sale, the chief financial officer now directly owns 113,886 shares in the company, valued at $6,266,007.72. This represents a 1.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,328 shares of company stock worth $513,467 in the last 90 days. 5.70% of the stock is owned by company insiders.

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.