First National Advisers LLC Invests $277,000 in Ambarella, Inc. (NASDAQ:AMBA)

Key Points

• First National Advisers LLC has acquired a new stake in Ambarella, Inc. worth approximately $277,000 during the first quarter, purchasing 5,495 shares of the semiconductor company.
• Ambarella stock has recently seen changes in its price targets from multiple analysts, with Morgan Stanley lowering theirs from $90.00 to $80.00, while other firms show varying ratings, resulting in a consensus rating of "Moderate Buy" with a target price of $83.64.
• In addition to institutional investments, 82.09% of Ambarella's stock is currently held by institutional investors, indicating strong institutional confidence in the company.

First National Advisers LLC purchased a new position in shares of Ambarella, Inc. (NASDAQ:AMBA - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,495 shares of the semiconductor company's stock, valued at approximately $277,000.

A number of other institutional investors and hedge funds have also modified their holdings of AMBA. Vanguard Group Inc. raised its holdings in shares of Ambarella by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 4,696,124 shares of the semiconductor company's stock worth $341,596,000 after acquiring an additional 81,557 shares during the period. The Manufacturers Life Insurance Company lifted its position in Ambarella by 7.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,452,128 shares of the semiconductor company's stock valued at $105,628,000 after acquiring an additional 98,841 shares in the last quarter. Millennium Management LLC lifted its position in Ambarella by 11.5% in the 4th quarter. Millennium Management LLC now owns 1,394,192 shares of the semiconductor company's stock valued at $101,414,000 after acquiring an additional 144,268 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in Ambarella in the 4th quarter valued at $52,770,000. Finally, Robeco Schweiz AG lifted its position in Ambarella by 52.5% in the 1st quarter. Robeco Schweiz AG now owns 419,120 shares of the semiconductor company's stock valued at $21,094,000 after acquiring an additional 144,200 shares in the last quarter. 82.09% of the stock is owned by institutional investors.

Ambarella Stock Performance

Shares of AMBA traded down $1.39 during mid-day trading on Thursday, reaching $66.23. The company had a trading volume of 223,685 shares, compared to its average volume of 863,887. The company's 50 day simple moving average is $61.80 and its 200 day simple moving average is $60.90. Ambarella, Inc. has a 1-year low of $38.86 and a 1-year high of $85.15. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of -26.67 and a beta of 2.05.

Insider Buying and Selling at Ambarella

In related news, Director Christopher B. Paisley sold 1,000 shares of Ambarella 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 sale, the director directly owned 39,281 shares in the company, valued at $2,458,204.98. This trade represents a 2.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AMBA. Needham & Company LLC cut 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. Summit Insights upgraded shares of Ambarella to a "hold" rating in a report on Thursday, May 29th. Stifel Nicolaus reduced their target price on shares of Ambarella from $100.00 to $80.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Rosenblatt Securities increased their target price on shares of Ambarella from $87.00 to $95.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Finally, Susquehanna increased their target price on shares of Ambarella from $80.00 to $90.00 and gave the stock a "positive" rating in a report on Tuesday, July 22nd. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $83.64.

Ambarella 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.