GAMMA Investing LLC Buys 15,922 Shares of Ambarella, Inc. (NASDAQ:AMBA)

GAMMA Investing LLC raised its stake in Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 6,804.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,156 shares of the semiconductor company's stock after purchasing an additional 15,922 shares during the quarter. GAMMA Investing LLC's holdings in Ambarella were worth $813,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Moody National Bank Trust Division purchased a new stake in shares of Ambarella in the first quarter worth approximately $564,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Ambarella during the fourth quarter valued at approximately $278,000. Centaurus Financial Inc. purchased a new stake in shares of Ambarella during the fourth quarter valued at approximately $325,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Ambarella during the fourth quarter valued at approximately $452,000. Finally, Mackenzie Financial Corp increased its position in shares of Ambarella by 3.2% during the fourth quarter. Mackenzie Financial Corp now owns 6,406 shares of the semiconductor company's stock valued at $466,000 after acquiring an additional 201 shares during the last quarter. 82.09% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ambarella

In other news, Director Christopher B. Paisley sold 500 shares of the firm's stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $55.50, for a total value of $27,750.00. Following the completion of the transaction, the director now directly owns 40,281 shares of the company's stock, valued at $2,235,595.50. This trade represents a 1.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.30% of the stock is owned by corporate insiders.

Ambarella Stock Performance

NASDAQ AMBA traded down $1.19 on Friday, hitting $51.68. 861,103 shares of the stock traded hands, compared to its average volume of 723,446. The business's fifty day moving average is $53.14 and its two-hundred day moving average is $62.13. Ambarella, Inc. has a 12 month low of $38.86 and a 12 month high of $85.15. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of -20.76 and a beta of 1.99.

Analyst Ratings Changes

A number of analysts recently commented on AMBA shares. Rosenblatt Securities increased 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. Needham & Company LLC decreased their price target on Ambarella from $110.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, May 30th. Wall Street Zen raised Ambarella from a "sell" rating to a "hold" rating in a research report on Friday, February 28th. Morgan Stanley decreased their price target on Ambarella from $90.00 to $80.00 and set an "overweight" rating for the company in a research report on Tuesday, May 27th. Finally, Summit Insights raised Ambarella to a "hold" rating in a research report on Thursday, May 29th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $84.55.

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.