Bayforest Capital Ltd Buys 4,051 Shares of Ambarella, Inc. (NASDAQ:AMBA)

Key Points

• Bayforest Capital Ltd significantly increased its stake in Ambarella, Inc. by 280.5%, now holding 5,495 shares valued at approximately $277,000.
• Several institutional investors have also made substantial investments in Ambarella, contributing to an overall institutional ownership of 82.09% of the company's stock.
• Ambarella's stock has an average rating of "Moderate Buy" with a consensus price target of $83.64, showing optimism from analysts despite varied individual price targets.

Bayforest Capital Ltd boosted its position in shares of Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 280.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,495 shares of the semiconductor company's stock after buying an additional 4,051 shares during the quarter. Bayforest Capital Ltd's holdings in Ambarella were worth $277,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Ambarella in the 4th quarter valued at $52,770,000. Segall Bryant & Hamill LLC bought a new stake in shares of Ambarella in the 1st quarter valued at $15,578,000. Invesco Ltd. increased its position in shares of Ambarella by 736.7% in the 4th quarter. Invesco Ltd. now owns 335,730 shares of the semiconductor company's stock valued at $24,421,000 after buying an additional 295,606 shares in the last quarter. Woodline Partners LP increased its position in shares of Ambarella by 2,367.1% in the 4th quarter. Woodline Partners LP now owns 263,333 shares of the semiconductor company's stock valued at $19,155,000 after buying an additional 252,659 shares in the last quarter. Finally, Sora Investors LLC increased 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 worth $25,704,000 after purchasing an additional 168,372 shares in the last quarter. Institutional investors and hedge funds own 82.09% of the company's stock.

Insider Buying and Selling

In other Ambarella news, Director Christopher B. Paisley sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $62.58, for a total transaction of $62,580.00. Following the completion of the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AMBA. 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. Rosenblatt Securities raised their target price on shares of Ambarella from $87.00 to $95.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Needham & Company LLC cut their price objective 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. Susquehanna raised 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. Finally, Summit Insights upgraded shares of Ambarella to a "hold" rating in a research report on Thursday, May 29th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $83.64.

Ambarella Stock Up 0.1%

Shares of AMBA traded up $0.06 during mid-day trading on Monday, hitting $63.80. 211,344 shares of the company's stock were exchanged, compared to its average volume of 859,820. Ambarella, Inc. has a 52 week low of $38.86 and a 52 week high of $85.15. The stock's 50-day simple moving average is $61.89 and its 200-day simple moving average is $60.66. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of -25.61 and a beta of 2.08.

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.