Freemont Management S.A. Acquires Shares of 24,700 Ambarella, Inc. (NASDAQ:AMBA)

Key Points

• Freemont Management S.A. has invested approximately $1.24 million in Ambarella, acquiring 24,700 shares, representing about 0.06% of the company.
• Several analysts have recently revised their price targets for Ambarella, with estimates ranging from $80.00 to $95.00, and a general consensus rating of "Moderate Buy."
• Insider trading activity includes a sale of 1,000 shares by Director Christopher B. Paisley, decreasing his stake by 2.48%, while insiders collectively own around 5.30% of the company.

Freemont Management S.A. purchased a new stake in Ambarella, Inc. (NASDAQ:AMBA - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 24,700 shares of the semiconductor company's stock, valued at approximately $1,243,000. Freemont Management S.A. owned 0.06% of Ambarella as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds 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 acquired a new stake in Ambarella in the 1st quarter valued at approximately $15,578,000. Invesco Ltd. grew its stake in shares of Ambarella by 736.7% in the fourth quarter. Invesco Ltd. now owns 335,730 shares of the semiconductor company's stock worth $24,421,000 after acquiring an additional 295,606 shares in the last quarter. Woodline Partners LP increased its holdings in Ambarella by 2,367.1% in the fourth 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 during the last quarter. Finally, Sora Investors LLC increased its holdings in Ambarella by 91.0% in the fourth quarter. Sora Investors LLC now owns 353,372 shares of the semiconductor company's stock valued at $25,704,000 after buying an additional 168,372 shares during the last quarter. Hedge funds and other institutional investors own 82.09% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AMBA shares. Rosenblatt Securities boosted their price target on Ambarella from $87.00 to $95.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Summit Insights raised Ambarella to a "hold" rating in a research note on Thursday, May 29th. Stifel Nicolaus decreased their price target on Ambarella from $100.00 to $80.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Susquehanna lifted their price objective on Ambarella from $80.00 to $90.00 and gave the stock a "positive" rating in a research report on Tuesday. Finally, Needham & Company LLC cut their price objective on Ambarella from $110.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, May 30th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $83.64.

Ambarella Trading Down 0.6%

Shares of Ambarella stock traded down $0.43 during trading hours on Friday, reaching $67.32. 372,512 shares of the company's stock were exchanged, compared to its average volume of 704,953. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of -27.04 and a beta of 2.05. The company has a fifty day moving average of $61.50 and a 200-day moving average of $60.94. Ambarella, Inc. has a 52-week low of $38.86 and a 52-week high of $85.15.

Insider Activity at Ambarella

In other news, Director Christopher B. Paisley sold 1,000 shares of the company'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 completion of the sale, the director directly owned 39,281 shares in the company, valued at $2,458,204.98. This represents a 2.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 5.30% of the stock is currently owned by insiders.

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.