Tidal Investments LLC Invests $444,000 in Ambarella, Inc. (NASDAQ:AMBA)

Tidal Investments LLC acquired a new position in Ambarella, Inc. (NASDAQ:AMBA - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 6,102 shares of the semiconductor company's stock, valued at approximately $444,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ raised its stake in shares of Ambarella by 68.7% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company's stock valued at $32,000 after purchasing an additional 184 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Ambarella in the 4th quarter valued at about $37,000. Sterling Capital Management LLC raised its stake in shares of Ambarella by 629.3% in the 4th quarter. Sterling Capital Management LLC now owns 598 shares of the semiconductor company's stock valued at $43,000 after purchasing an additional 516 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Ambarella in the 4th quarter valued at about $53,000. Finally, R Squared Ltd acquired a new stake in shares of Ambarella in the 4th quarter valued at about $68,000. Institutional investors and hedge funds own 82.09% of the company's stock.

Insider Activity at Ambarella

In related news, Director Christopher B. Paisley sold 500 shares of the company's stock in a transaction that occurred 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 sale, the director now owns 40,281 shares in the company, valued at approximately $2,235,595.50. This represents a 1.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Christopher Day sold 479 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $55.02, for a total transaction of $26,354.58. Following the completion of the transaction, the vice president now owns 15,441 shares in the company, valued at approximately $849,563.82. This represents a 3.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,328 shares of company stock valued at $513,467 over the last ninety days. Insiders own 5.30% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AMBA. Needham & Company LLC cut their target price on shares of Ambarella from $110.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday. Summit Insights raised shares of Ambarella to a "hold" rating in a research report on Thursday, May 29th. Rosenblatt Securities boosted their price objective on shares of Ambarella from $87.00 to $95.00 and gave the company a "buy" rating in a research report on Friday. 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. Finally, Wall Street Zen raised shares of Ambarella from a "sell" rating to a "hold" rating in a research report on Friday, February 28th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Ambarella currently has a consensus rating of "Moderate Buy" and a consensus target price of $84.55.

Ambarella Price Performance

Shares of Ambarella stock traded up $0.71 on Tuesday, hitting $53.87. The company had a trading volume of 1,268,621 shares, compared to its average volume of 712,179. The business has a 50-day simple moving average of $51.30 and a 200-day simple moving average of $63.36. The company has a market cap of $2.28 billion, a PE ratio of -13.96 and a beta of 1.99. Ambarella, Inc. has a 52 week low of $38.86 and a 52 week 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.