Kodai Capital Management LP Purchases 125,983 Shares of Ambarella, Inc. $AMBA

Key Points

• Kodai Capital Management LP increased its stake in Ambarella, Inc. by 16.2% in Q1, acquiring an additional 125,983 shares and making it the ninth largest position in their investment portfolio.
• Analysts have varying price targets for Ambarella's stock, with Susquehanna raising its target to $90.00 and Needham decreasing it to $90.00, while the average price target currently sits at $87.50.
• As of the latest SEC filing, institutional investors own 82.09% of Ambarella's stock, indicating significant institutional interest in the semiconductor company.

Kodai Capital Management LP increased its position in Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 16.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 904,536 shares of the semiconductor company's stock after purchasing an additional 125,983 shares during the period. Ambarella comprises about 1.8% of Kodai Capital Management LP's investment portfolio, making the stock its 9th biggest holding. Kodai Capital Management LP owned 2.13% of Ambarella worth $45,525,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its stake in shares of Ambarella by 300.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,124 shares of the semiconductor company's stock valued at $82,000 after buying an additional 843 shares during the period. Larson Financial Group LLC boosted its stake in shares of Ambarella by 111.9% during the 1st quarter. Larson Financial Group LLC now owns 1,195 shares of the semiconductor company's stock valued at $60,000 after buying an additional 631 shares during the period. Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Ambarella by 452.4% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 2,497 shares of the semiconductor company's stock valued at $126,000 after buying an additional 2,045 shares during the period. LMR Partners LLP acquired a new stake in shares of Ambarella during the 4th quarter valued at $218,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Ambarella during the 1st quarter valued at $181,000. Institutional investors and hedge funds own 82.09% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AMBA. Summit Insights raised shares of Ambarella from a "hold" rating to a "buy" rating in a research note on Friday. Needham & Company LLC raised their price target on shares of Ambarella from $90.00 to $100.00 and gave the company a "buy" rating in a report on Friday. Susquehanna raised their price target on shares of Ambarella from $80.00 to $90.00 and gave the company a "positive" rating in a report on Tuesday, July 22nd. Morgan Stanley raised their price target on shares of Ambarella from $80.00 to $96.00 and gave the company an "overweight" rating in a report on Friday. Finally, Bank of America raised their price target on shares of Ambarella from $63.00 to $90.00 and gave the company a "neutral" rating in a report on Friday. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Ambarella presently has an average rating of "Moderate Buy" and a consensus target price of $93.88.

Insider Buying and Selling

In related news, Director Christopher B. Paisley sold 1,000 shares of Ambarella stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $62.58, for a total transaction of $62,580.00. Following the sale, the director directly owned 39,281 shares in the company, valued at $2,458,204.98. This trade represents a 2.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.70% of the stock is currently owned by corporate insiders.

Ambarella Trading Down 2.9%

AMBA stock traded down $2.41 during mid-day trading on Tuesday, hitting $80.07. The stock had a trading volume of 2,150,772 shares, compared to its average volume of 880,865. The firm has a market capitalization of $3.40 billion, a P/E ratio of -37.95 and a beta of 2.08. The firm has a fifty day simple moving average of $67.80 and a 200 day simple moving average of $59.24. Ambarella, Inc. has a 52 week low of $38.86 and a 52 week high of $93.44.

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.