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 increased its position in shares of Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 280.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,495 shares of the semiconductor company's stock after buying an additional 4,051 shares during the period. Bayforest Capital Ltd's holdings in Ambarella were worth $277,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMBA. Aster Capital Management DIFC Ltd acquired a new stake in Ambarella in the fourth quarter valued at $37,000. Sterling Capital Management LLC boosted its position in Ambarella by 629.3% during the fourth quarter. Sterling Capital Management LLC now owns 598 shares of the semiconductor company's stock worth $43,000 after purchasing an additional 516 shares during the period. Johnson Financial Group Inc. bought a new position in Ambarella during the fourth quarter worth $71,000. National Bank of Canada FI bought a new position in Ambarella during the fourth quarter worth $69,000. Finally, Tower Research Capital LLC TRC boosted its position in Ambarella by 300.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,124 shares of the semiconductor company's stock worth $82,000 after purchasing an additional 843 shares during the period. 82.09% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Ambarella news, Director Christopher B. Paisley sold 1,000 shares of the business's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $62.58, for a total transaction of $62,580.00. Following the completion of the transaction, the director owned 39,281 shares of the company's stock, valued at approximately $2,458,204.98. The trade was a 2.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.30% of the company's stock.

Ambarella Price Performance

AMBA traded down $2.35 on Friday, hitting $63.74. 528,589 shares of the stock were exchanged, compared to its average volume of 540,599. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of -25.60 and a beta of 2.08. Ambarella, Inc. has a 12 month low of $38.86 and a 12 month high of $85.15. The business has a 50-day moving average of $61.89 and a two-hundred day moving average of $60.66.

Wall Street Analysts Forecast Growth

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

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.