Ambarella, Inc. (NASDAQ:AMBA) Stake Lowered by BNP Paribas Financial Markets

BNP Paribas Financial Markets lowered its stake in shares of Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 24.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,006 shares of the semiconductor company's stock after selling 10,304 shares during the period. BNP Paribas Financial Markets owned approximately 0.07% of Ambarella worth $2,255,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Arizona State Retirement System grew its position in 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 acquiring an additional 156 shares during the period. Summit Investment Advisors Inc. grew its holdings in shares of 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 purchasing an additional 161 shares during the period. Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Ambarella by 68.7% during the 4th 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. Pacer Advisors Inc. increased its position in Ambarella by 24.2% during the 4th quarter. Pacer Advisors Inc. now owns 965 shares of the semiconductor company's stock worth $70,000 after purchasing an additional 188 shares in the last quarter. Finally, Manchester Capital Management LLC raised its holdings in 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 buying an additional 210 shares during the period. Institutional investors and hedge funds own 82.09% of the company's stock.

Ambarella Trading Up 1.5%

NASDAQ AMBA traded up $0.95 during mid-day trading on Tuesday, reaching $64.27. 532,802 shares of the company's stock traded hands, compared to its average volume of 692,078. Ambarella, Inc. has a 1-year low of $38.86 and a 1-year high of $85.15. The company has a fifty day simple moving average of $50.06 and a 200-day simple moving average of $63.32. The company has a market cap of $2.73 billion, a price-to-earnings ratio of -16.65 and a beta of 1.99.

Insider Activity

In related news, CFO John Alexander Young sold 2,103 shares of the company's stock in a transaction that occurred on 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 of the company's stock, valued at approximately $6,266,007.72. This represents a 1.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Christopher B. Paisley sold 500 shares of the firm's stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $55.50, for a total value of $27,750.00. Following the transaction, the director now owns 40,281 shares in the company, valued at $2,235,595.50. This trade represents a 1.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 9,328 shares of company stock worth $513,467. 5.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on AMBA shares. Rosenblatt Securities reissued a "buy" rating and issued a $100.00 price objective on shares of Ambarella in a research report on Thursday, February 27th. Needham & Company LLC increased their price target on Ambarella from $100.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Susquehanna raised their price objective on Ambarella from $95.00 to $100.00 and gave the company a "positive" rating in a research report on Wednesday, January 22nd. Stifel Nicolaus decreased their target price on Ambarella from $100.00 to $80.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Finally, StockNews.com upgraded Ambarella from a "sell" rating to a "hold" rating in a research note on Friday, February 28th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.