14,519 Shares in Ambarella, Inc. (NASDAQ:AMBA) Bought by Gotham Asset Management LLC

Gotham Asset Management LLC acquired a new position in shares of Ambarella, Inc. (NASDAQ:AMBA - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 14,519 shares of the semiconductor company's stock, valued at approximately $1,056,000.

A number of other large investors also recently modified their holdings of the business. Graham Capital Management L.P. boosted its stake in shares of Ambarella by 40.1% during the 4th quarter. Graham Capital Management L.P. now owns 30,833 shares of the semiconductor company's stock worth $2,243,000 after buying an additional 8,820 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of Ambarella by 62.8% during the 4th quarter. Deutsche Bank AG now owns 75,529 shares of the semiconductor company's stock worth $5,494,000 after buying an additional 29,123 shares during the last quarter. Collar Capital Management LLC acquired a new stake in Ambarella in the 4th quarter valued at about $1,586,000. Corton Capital Inc. acquired a new stake in Ambarella in the 4th quarter valued at about $506,000. Finally, Captrust Financial Advisors acquired a new stake in Ambarella in the 4th quarter valued at about $360,000. 82.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Ambarella news, COO Chan W. Lee sold 1,468 shares of the business's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $55.02, for a total transaction of $80,769.36. Following the completion of the sale, the chief operating officer now directly owns 130,297 shares in the company, valued at approximately $7,168,940.94. The trade was a 1.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christopher B. Paisley sold 500 shares of the business's stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $55.50, for a total transaction of $27,750.00. Following the sale, the director now owns 40,281 shares of the company's stock, valued at approximately $2,235,595.50. This represents a 1.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,328 shares of company stock worth $513,467. Insiders own 5.70% of the company's stock.

Ambarella Price Performance

AMBA traded down $1.03 on Friday, hitting $62.11. The company had a trading volume of 478,956 shares, compared to its average volume of 697,494. The stock has a fifty day simple moving average of $50.78 and a 200-day simple moving average of $63.41. Ambarella, Inc. has a 52-week low of $38.86 and a 52-week high of $85.15. The firm has a market capitalization of $2.63 billion, a P/E ratio of -16.09 and a beta of 1.99.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AMBA. Stifel Nicolaus cut their price objective on shares of Ambarella from $100.00 to $80.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Rosenblatt Securities reissued a "buy" rating and issued a $100.00 price objective on shares of Ambarella in a research report on Thursday, February 27th. Wall Street Zen raised Ambarella from a "sell" rating to a "hold" rating in a research report on Friday, February 28th. Finally, Needham & Company LLC boosted their price objective on Ambarella from $100.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Ambarella currently has an average rating of "Moderate Buy" and an average price target of $85.00.

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.