Invesco Ltd. Has $15.42 Million Holdings in Ambarella, Inc. $AMBA

Key Points

• Invesco Ltd. reduced its stake in Ambarella, Inc. by 8.7% in Q1, now owning approximately 306,356 shares worth $15.4 million.
• Multiple institutional investors have increased their holdings in Ambarella, with Sterling Capital Management raising its stake by 629.3% during the fourth quarter.
• Analyst ratings for Ambarella reflect a mixed outlook, with revisions leading to price target shifts from $110 to $80, and an average rating of "Moderate Buy" based on a consensus target price of $83.64.

Invesco Ltd. lessened its stake in Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 8.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 306,356 shares of the semiconductor company's stock after selling 29,374 shares during the quarter. Invesco Ltd. owned 0.72% of Ambarella worth $15,419,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rhumbline Advisers boosted its holdings in shares of Ambarella by 4.0% in the first quarter. Rhumbline Advisers now owns 58,571 shares of the semiconductor company's stock valued at $2,948,000 after buying an additional 2,249 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of Ambarella by 238.3% in the first quarter. Janney Montgomery Scott LLC now owns 13,474 shares of the semiconductor company's stock worth $678,000 after purchasing an additional 9,491 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Ambarella by 6,804.3% in the first quarter. GAMMA Investing LLC now owns 16,156 shares of the semiconductor company's stock worth $813,000 after purchasing an additional 15,922 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Ambarella by 61.8% in the first quarter. Principal Financial Group Inc. now owns 25,794 shares of the semiconductor company's stock worth $1,298,000 after purchasing an additional 9,857 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of Ambarella by 1.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 52,319 shares of the semiconductor company's stock worth $3,806,000 after purchasing an additional 923 shares in the last quarter. Institutional investors and hedge funds own 82.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AMBA. Summit Insights raised shares of Ambarella to a "hold" rating in a research report on Thursday, May 29th. Needham & Company LLC cut their price objective on shares of Ambarella from $110.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, May 30th. Susquehanna boosted their price objective on shares of Ambarella from $80.00 to $90.00 and gave the stock a "positive" rating in a research report on Tuesday, July 22nd. Morgan Stanley cut their price objective 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. Finally, Rosenblatt Securities upped their price target on shares of Ambarella from $87.00 to $95.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $87.50.

Insider Buying and Selling at Ambarella

In other news, Director Christopher B. Paisley sold 1,000 shares of the stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $62.58, for a total value of $62,580.00. Following the transaction, the director directly owned 39,281 shares of the company's stock, valued at $2,458,204.98. This represents a 2.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.30% of the stock is owned by insiders.

Ambarella Stock Up 1.0%

Shares of AMBA traded up $0.74 during trading hours on Thursday, hitting $72.67. The company had a trading volume of 156,750 shares, compared to its average volume of 823,382. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of -29.18 and a beta of 2.08. The business has a fifty day moving average of $66.21 and a 200-day moving average of $59.41. Ambarella, Inc. has a 12 month low of $38.86 and a 12 month 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.