Universal Beteiligungs und Servicegesellschaft mbH Buys New Holdings in Ambarella, Inc. (NASDAQ:AMBA)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Ambarella, Inc. (NASDAQ:AMBA - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,210 shares of the semiconductor company's stock, valued at approximately $452,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Mackenzie Financial Corp lifted its holdings in shares of Ambarella by 3.2% in the fourth quarter. Mackenzie Financial Corp now owns 6,406 shares of the semiconductor company's stock valued at $466,000 after purchasing an additional 201 shares in the last quarter. Castleark Management LLC acquired a new position in shares of Ambarella during the 4th quarter worth approximately $2,325,000. Woodline Partners LP lifted its stake in Ambarella by 2,367.1% in the 4th quarter. Woodline Partners LP now owns 263,333 shares of the semiconductor company's stock valued at $19,155,000 after buying an additional 252,659 shares in the last quarter. Tidal Investments LLC acquired a new stake in Ambarella during the 4th quarter valued at $444,000. Finally, Sender Co & Partners Inc. increased its position in Ambarella by 49.6% during the fourth quarter. Sender Co & Partners Inc. now owns 12,752 shares of the semiconductor company's stock worth $928,000 after buying an additional 4,230 shares in the last quarter. 82.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Wall Street Zen upgraded Ambarella from a "sell" rating to a "hold" rating in a research report on Friday, February 28th. Needham & Company LLC decreased their price target on shares of Ambarella from $110.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. Summit Insights raised shares of Ambarella to a "hold" rating in a research report on Thursday, May 29th. Rosenblatt Securities upped their price objective on shares of Ambarella from $87.00 to $95.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Finally, Morgan Stanley reduced their price target on shares of Ambarella from $90.00 to $80.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 27th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $84.55.

Insider Activity at Ambarella

In other news, VP Christopher Day sold 479 shares of the firm'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 value of $26,354.58. Following the sale, the vice president now directly owns 15,441 shares in the company, valued at approximately $849,563.82. This trade represents a 3.01% decrease in their position. The transaction was disclosed in a document filed 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 shares were sold at an average price of $55.50, for a total value of $27,750.00. Following the sale, the director now directly owns 40,281 shares in the company, valued at approximately $2,235,595.50. This trade represents a 1.23% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,328 shares of company stock worth $513,467. Company insiders own 5.30% of the company's stock.

Ambarella Trading Up 2.5%

Ambarella stock traded up $1.27 during midday trading on Friday, reaching $52.98. 370,342 shares of the stock traded hands, compared to its average volume of 713,512. Ambarella, Inc. has a fifty-two week low of $38.86 and a fifty-two week high of $85.15. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of -13.72 and a beta of 1.99. The firm has a fifty day moving average price of $51.38 and a two-hundred day moving average price of $63.25.

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.