Ambarella, Inc. (NASDAQ:AMBA) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets decreased its stake in shares of Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 24.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 31,006 shares of the semiconductor company's stock after selling 10,304 shares during the period. BNP Paribas Financial Markets owned about 0.07% of Ambarella worth $2,255,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ lifted its holdings in 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 buying an additional 184 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Ambarella during the 4th quarter valued at approximately $37,000. Sterling Capital Management LLC raised its position in shares of Ambarella by 629.3% during the 4th quarter. Sterling Capital Management LLC now owns 598 shares of the semiconductor company's stock valued at $43,000 after acquiring an additional 516 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in Ambarella during the fourth quarter worth $53,000. Finally, Johnson Financial Group Inc. acquired a new position in Ambarella in the fourth quarter worth $71,000. 82.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on AMBA shares. Needham & Company LLC increased their target price on shares of Ambarella from $100.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Stifel Nicolaus lowered their price objective on shares of Ambarella from $100.00 to $80.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Susquehanna raised their target price on shares of Ambarella from $95.00 to $100.00 and gave the stock a "positive" rating in a report on Wednesday, January 22nd. StockNews.com upgraded Ambarella from a "sell" rating to a "hold" rating in a research note on Friday, February 28th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $100.00 target price on shares of Ambarella in a report on Thursday, February 27th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $85.00.

Insider Buying and Selling

In related news, Director Christopher B. Paisley sold 500 shares of the company's stock in a transaction dated 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 sale, the director now owns 40,281 shares of the company's stock, valued at $2,235,595.50. This represents a 1.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Feng-Ming Wang sold 3,194 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $55.02, for a total transaction of $175,733.88. Following the completion of the transaction, the chief executive officer now owns 798,311 shares of the company's stock, valued at $43,923,071.22. This represents a 0.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,328 shares of company stock valued at $513,467 in the last three months. 5.70% of the stock is currently owned by corporate insiders.

Ambarella Stock Performance

Shares of NASDAQ:AMBA traded down $0.59 during trading hours on Thursday, hitting $63.00. The stock had a trading volume of 62,671 shares, compared to its average volume of 693,279. The stock's fifty day simple moving average is $50.47 and its 200 day simple moving average is $63.33. The firm has a market capitalization of $2.67 billion, a price-to-earnings ratio of -16.36 and a beta of 1.99. Ambarella, Inc. has a 1-year low of $38.86 and a 1-year high of $85.15.

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.