Edgestream Partners L.P. Makes New $1.81 Million Investment in Ambarella, Inc. (NASDAQ:AMBA)

Edgestream Partners L.P. bought a new position in Ambarella, Inc. (NASDAQ:AMBA - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 35,985 shares of the semiconductor company's stock, valued at approximately $1,811,000. Edgestream Partners L.P. owned 0.08% of Ambarella as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of AMBA. Aster Capital Management DIFC Ltd bought a new position in Ambarella during the 4th quarter worth about $37,000. Sterling Capital Management LLC increased its position in shares of 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 acquiring an additional 516 shares in the last quarter. Johnson Financial Group Inc. bought a new stake in Ambarella in the 4th quarter worth about $71,000. National Bank of Canada FI purchased a new stake in shares of Ambarella during the 4th quarter valued at approximately $69,000. Finally, Tower Research Capital LLC TRC lifted its stake in Ambarella by 300.0% in the 4th 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 in the last quarter. Institutional investors and hedge funds own 82.09% of the company's stock.

Ambarella Price Performance

NASDAQ AMBA traded up $0.37 during trading hours on Monday, reaching $69.75. 478,890 shares of the company's stock were exchanged, compared to its average volume of 762,950. The company's 50-day moving average is $60.81 and its two-hundred day moving average is $61.13. Ambarella, Inc. has a one year low of $38.86 and a one year high of $85.15.

Insider Activity at Ambarella

In related news, Director Christopher B. Paisley sold 1,000 shares of the business's stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $62.58, for a total transaction of $62,580.00. Following the sale, the director directly owned 39,281 shares in the company, valued at approximately $2,458,204.98. The trade was a 2.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently commented on AMBA. Summit Insights raised shares of Ambarella to a "hold" rating in a report on Thursday, May 29th. Stifel Nicolaus dropped their price target on shares of Ambarella from $100.00 to $80.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Needham & Company LLC lowered their price objective on shares of Ambarella from $110.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, May 30th. Rosenblatt Securities lifted their price target on Ambarella from $87.00 to $95.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Finally, Morgan Stanley reduced their price target on shares of Ambarella from $90.00 to $80.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 27th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $84.55.

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.