Ambarella, Inc. (NASDAQ:AMBA) Shares Acquired by Cwm LLC

Key Points

• Cwm LLC increased its stake in Ambarella, Inc. by 200.3% during the first quarter, raising its holdings to 5,921 shares valued at $298,000.
• Institutional investors own 82.09% of Ambarella's stock, indicating strong interest from major financial entities.
• Ambarella's average price target from analysts is currently $83.64, with five analysts rating it as 'hold' and eight as 'buy'.

Cwm LLC grew its stake in Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 200.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,921 shares of the semiconductor company's stock after purchasing an additional 3,949 shares during the quarter. Cwm LLC's holdings in Ambarella were worth $298,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Aster Capital Management DIFC Ltd acquired a new stake in shares of Ambarella in the fourth quarter valued at about $37,000. Sterling Capital Management LLC grew its position in shares of Ambarella by 629.3% in the fourth quarter. Sterling Capital Management LLC now owns 598 shares of the semiconductor company's stock valued at $43,000 after purchasing an additional 516 shares during the period. Johnson Financial Group Inc. acquired a new stake in shares of Ambarella in the fourth quarter valued at about $71,000. National Bank of Canada FI purchased a new position in shares of Ambarella in the fourth quarter worth about $69,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Ambarella by 300.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,124 shares of the semiconductor company's stock worth $82,000 after buying an additional 843 shares in the last quarter. Institutional investors and hedge funds own 82.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AMBA shares. Summit Insights raised shares of Ambarella to a "hold" rating in a research note on Thursday, May 29th. 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. Susquehanna raised their price target on shares of Ambarella from $80.00 to $90.00 and gave the stock a "positive" rating in a research note on Tuesday. Morgan Stanley decreased their price target on shares of Ambarella from $90.00 to $80.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 27th. Finally, Rosenblatt Securities raised their price target on shares of Ambarella from $87.00 to $95.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Ambarella presently has an average rating of "Moderate Buy" and an average target price of $83.64.

Insider Buying and Selling

In other Ambarella news, Director Christopher B. Paisley sold 1,000 shares of Ambarella stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $62.58, for a total transaction 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. The trade was a 2.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 5.30% of the stock is owned by company insiders.

Ambarella Price Performance

Shares of AMBA stock opened at $67.32 on Friday. The firm's 50-day moving average is $61.50 and its two-hundred day moving average is $61.05. Ambarella, Inc. has a 12 month low of $38.86 and a 12 month high of $85.15. The company has a market capitalization of $2.86 billion, a PE ratio of -27.04 and a beta of 2.05.

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.

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