GSA Capital Partners LLP Has $1.51 Million Holdings in Ambarella, Inc. (NASDAQ:AMBA)

Key Points

• GSA Capital Partners LLP significantly increased its stake in Ambarella, Inc. by 108.1% during the first quarter, holding nearly 30,000 shares valued at approximately $1.51 million.
• Many institutional investors are bullish on Ambarella, with some funds like GAMMA Investing LLC boosting their holdings by over 6,800% in the same period.
• Analysts have mixed views on Ambarella, with price targets varying from $80.00 to $95.00, leading to a consensus rating of "Moderate Buy" based on 5 hold and 8 buy ratings.

GSA Capital Partners LLP lifted its holdings in Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 108.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 29,996 shares of the semiconductor company's stock after purchasing an additional 15,585 shares during the quarter. GSA Capital Partners LLP owned about 0.07% of Ambarella worth $1,510,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of AMBA. Aster Capital Management DIFC Ltd acquired a new position in Ambarella during the 4th quarter worth approximately $37,000. Sterling Capital Management LLC boosted its position in Ambarella by 629.3% during the 4th quarter. Sterling Capital Management LLC now owns 598 shares of the semiconductor company's stock worth $43,000 after acquiring an additional 516 shares during the last quarter. Larson Financial Group LLC boosted its position in Ambarella by 111.9% during the 1st quarter. Larson Financial Group LLC now owns 1,195 shares of the semiconductor company's stock worth $60,000 after acquiring an additional 631 shares during the last quarter. National Bank of Canada FI acquired a new position in Ambarella during the 4th quarter worth approximately $69,000. Finally, Johnson Financial Group Inc. acquired a new position in Ambarella during the 4th quarter worth approximately $71,000. 82.09% of the stock is currently owned by institutional investors and hedge funds.

Ambarella Stock Performance

AMBA traded down $2.35 during trading hours on Friday, reaching $63.74. The company's stock had a trading volume of 528,589 shares, compared to its average volume of 540,599. Ambarella, Inc. has a 52 week low of $38.86 and a 52 week high of $85.15. The company's 50-day moving average is $61.86 and its 200-day moving average is $60.84. The firm has a market cap of $2.70 billion, a PE ratio of -25.60 and a beta of 2.05.

Analyst Ratings Changes

A number of equities analysts have weighed in on AMBA shares. Needham & Company LLC reduced their price target on Ambarella from $110.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, May 30th. Morgan Stanley dropped their price objective on Ambarella from $90.00 to $80.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 27th. Stifel Nicolaus dropped their price objective on Ambarella from $100.00 to $80.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Rosenblatt Securities upped their price objective on Ambarella from $87.00 to $95.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Finally, Summit Insights upgraded Ambarella to a "hold" rating in a research note on Thursday, May 29th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $83.64.

Insiders Place Their Bets

In other Ambarella news, Director Christopher B. Paisley sold 1,000 shares of the stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $62.58, for a total transaction of $62,580.00. Following the transaction, the director 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. 5.30% of the stock is owned by insiders.

About Ambarella

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.