Ambarella, Inc. (NASDAQ:AMBA) Shares Bought by GSA Capital Partners LLP

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 raised its position in shares of Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 108.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,996 shares of the semiconductor company's stock after buying 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 have also added to or reduced their stakes in AMBA. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Ambarella in the 4th quarter worth approximately $52,770,000. Segall Bryant & Hamill LLC purchased a new position in Ambarella during the 1st quarter valued at $15,578,000. Invesco Ltd. boosted its holdings in Ambarella by 736.7% during the 4th quarter. Invesco Ltd. now owns 335,730 shares of the semiconductor company's stock valued at $24,421,000 after acquiring an additional 295,606 shares during the period. Woodline Partners LP boosted its holdings in Ambarella by 2,367.1% during the 4th quarter. Woodline Partners LP now owns 263,333 shares of the semiconductor company's stock valued at $19,155,000 after acquiring an additional 252,659 shares during the period. Finally, Sora Investors LLC boosted its holdings in Ambarella by 91.0% during the 4th quarter. Sora Investors LLC now owns 353,372 shares of the semiconductor company's stock valued at $25,704,000 after acquiring an additional 168,372 shares during the period. Hedge funds and other institutional investors own 82.09% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AMBA. Summit Insights upgraded Ambarella to a "hold" rating in a report on Thursday, May 29th. Rosenblatt Securities lifted their target price on Ambarella from $87.00 to $95.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Stifel Nicolaus decreased their target price on Ambarella from $100.00 to $80.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Needham & Company LLC decreased their target price on Ambarella from $110.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, May 30th. Finally, Susquehanna lifted their target price on Ambarella from $80.00 to $90.00 and gave the company a "positive" rating in a research report on Tuesday, July 22nd. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $83.64.

Insider Activity at Ambarella

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

Ambarella Stock Performance

AMBA stock traded down $2.35 on Friday, hitting $63.74. 528,589 shares of the company's stock were exchanged, compared to its average volume of 864,343. Ambarella, Inc. has a 12-month low of $38.86 and a 12-month high of $85.15. The firm has a 50 day moving average price of $61.86 and a two-hundred day moving average price of $60.84. The stock has a market cap of $2.70 billion, a P/E ratio of -25.60 and a beta of 2.05.

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.