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

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

Several other hedge funds have also modified their holdings of the company. Skandinaviska Enskilda Banken AB publ grew its position in shares of Ambarella by 68.7% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company's stock worth $32,000 after buying an additional 184 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in Ambarella in the fourth quarter worth $37,000. Sterling Capital Management LLC increased its position in shares of Ambarella by 629.3% during the fourth quarter. Sterling Capital Management LLC now owns 598 shares of the semiconductor company's stock worth $43,000 after purchasing an additional 516 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Ambarella during the 4th quarter valued at $53,000. Finally, R Squared Ltd purchased a new stake in shares of Ambarella during the 4th quarter valued at $68,000. 82.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on AMBA. StockNews.com upgraded Ambarella from a "sell" rating to a "hold" rating in a research note on Friday, February 28th. Susquehanna increased their price objective on shares of Ambarella from $95.00 to $100.00 and gave the company a "positive" rating in a research report on Wednesday, January 22nd. Needham & Company LLC lifted their target price on shares of Ambarella from $100.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Rosenblatt Securities reissued a "buy" rating and set a $100.00 target price on shares of Ambarella in a research report on Thursday, February 27th. Finally, Stifel Nicolaus cut their price target on shares of Ambarella from $100.00 to $80.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Ambarella currently has a consensus rating of "Moderate Buy" and an average target price of $85.00.

Ambarella Trading Up 1.5%

Shares of AMBA stock traded up $0.95 during trading hours on Tuesday, hitting $64.27. The company's stock had a trading volume of 532,802 shares, compared to its average volume of 692,913. The stock has a market cap of $2.73 billion, a PE ratio of -16.65 and a beta of 1.99. Ambarella, Inc. has a 12-month low of $38.86 and a 12-month high of $85.15. The company has a 50 day moving average of $50.30 and a 200 day moving average of $63.33.

Insider Activity

In other Ambarella news, Director Christopher B. Paisley sold 500 shares of the business's stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $55.50, for a total transaction of $27,750.00. Following the transaction, the director now owns 40,281 shares in the company, valued at approximately $2,235,595.50. The trade was a 1.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Christopher Day sold 479 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $55.02, for a total transaction of $26,354.58. Following the completion of the transaction, the vice president now owns 15,441 shares of the company's stock, valued at $849,563.82. This represents a 3.01% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 9,328 shares of company stock valued at $513,467. Insiders own 5.30% of the company's stock.

Ambarella Company 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.