Fuller & Thaler Asset Management Inc. Purchases 185,444 Shares of Ambarella, Inc. $AMBA

Key Points

• Fuller & Thaler Asset Management Inc. increased its stake in Ambarella, Inc. by 25.6%, now holding approximately 910,911 shares worth around $45.85 million.
• Several institutional investors have significantly modified their holdings in Ambarella, with Sterling Capital Management increasing its stake by 629.3% last quarter.
• Analysts have varying price targets for Ambarella, with Susquehanna raising it from $80.00 to $90.00 and Needham & Company lowering it to $90.00, reflecting a consensus average price target of $83.64.

Fuller & Thaler Asset Management Inc. lifted its position in Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 25.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 910,911 shares of the semiconductor company's stock after buying an additional 185,444 shares during the quarter. Fuller & Thaler Asset Management Inc. owned approximately 2.15% of Ambarella worth $45,846,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Quantbot Technologies LP purchased a new stake in shares of Ambarella in the first quarter worth about $181,000. Northern Trust Corp increased its position in shares of Ambarella by 1.0% in the first quarter. Northern Trust Corp now owns 386,686 shares of the semiconductor company's stock worth $19,462,000 after purchasing an additional 3,650 shares during the last quarter. Algert Global LLC increased its position in shares of Ambarella by 14.3% in the first quarter. Algert Global LLC now owns 238,301 shares of the semiconductor company's stock worth $11,994,000 after purchasing an additional 29,870 shares during the last quarter. Fox Run Management L.L.C. increased its position in shares of Ambarella by 46.9% in the first quarter. Fox Run Management L.L.C. now owns 8,808 shares of the semiconductor company's stock worth $443,000 after purchasing an additional 2,811 shares during the last quarter. Finally, Lord Abbett & CO. LLC increased its position in shares of Ambarella by 34.0% in the first quarter. Lord Abbett & CO. LLC now owns 178,299 shares of the semiconductor company's stock worth $8,974,000 after purchasing an additional 45,239 shares during the last quarter. 82.09% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Ambarella news, Director Christopher B. Paisley sold 1,000 shares of the 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 transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.70% of the stock is owned by insiders.

Ambarella Price Performance

NASDAQ AMBA traded up $5.92 on Friday, reaching $71.94. 965,001 shares of the company's stock traded hands, compared to its average volume of 517,102. Ambarella, Inc. has a 12 month low of $38.86 and a 12 month high of $85.15. The stock has a 50-day simple moving average of $65.10 and a 200 day simple moving average of $59.28. The stock has a market cap of $3.05 billion, a PE ratio of -28.89 and a beta of 2.08.

Analyst Ratings Changes

Several research firms recently weighed in on AMBA. Rosenblatt Securities upped 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. Morgan Stanley decreased their price objective 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. Needham & Company LLC decreased 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 research report on Thursday, May 29th. Finally, Susquehanna upped 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. Eight investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Ambarella presently has an average rating of "Moderate Buy" and an average target price 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.