Asset Management One Co. Ltd. Reduces Holdings in Ambarella, Inc. (NASDAQ:AMBA)

Asset Management One Co. Ltd. trimmed its holdings in shares of Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 80.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,466 shares of the semiconductor company's stock after selling 6,062 shares during the period. Asset Management One Co. Ltd.'s holdings in Ambarella were worth $74,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Rhumbline Advisers lifted its stake in shares of Ambarella by 4.0% during the 1st quarter. Rhumbline Advisers now owns 58,571 shares of the semiconductor company's stock worth $2,948,000 after purchasing an additional 2,249 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Ambarella by 238.3% during the first quarter. Janney Montgomery Scott LLC now owns 13,474 shares of the semiconductor company's stock valued at $678,000 after buying an additional 9,491 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Ambarella during the fourth quarter valued at about $1,032,000. GAMMA Investing LLC lifted its position in shares of Ambarella by 6,804.3% during the first quarter. GAMMA Investing LLC now owns 16,156 shares of the semiconductor company's stock valued at $813,000 after buying an additional 15,922 shares during the last quarter. Finally, Principal Financial Group Inc. purchased a new stake in shares of Ambarella during the fourth quarter valued at about $1,159,000. 82.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AMBA has been the subject of a number of analyst reports. Needham & Company LLC decreased their target price on shares of Ambarella from $110.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, May 30th. Rosenblatt Securities increased their price objective on Ambarella from $87.00 to $95.00 and gave the company a "buy" rating in a report on Friday, May 30th. Stifel Nicolaus decreased their price objective on Ambarella from $100.00 to $80.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Morgan Stanley decreased their price objective on Ambarella from $90.00 to $80.00 and set an "overweight" rating for the company in a report on Tuesday, May 27th. Finally, Summit Insights upgraded Ambarella to a "hold" rating in a research note on Thursday, May 29th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $84.55.

Ambarella Price Performance

AMBA traded up $1.12 during trading on Friday, reaching $67.30. 512,300 shares of the company's stock were exchanged, compared to its average volume of 765,806. The company's fifty day simple moving average is $57.28 and its 200-day simple moving average is $61.57. Ambarella, Inc. has a 1 year low of $38.86 and a 1 year high of $85.15. The stock has a market capitalization of $2.85 billion, a P/E ratio of -27.03 and a beta of 2.05.

Insider Buying and Selling at Ambarella

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

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.