Graham Capital Management L.P. Increases Stake in Ambarella, Inc. $AMBA

Key Points

• Graham Capital Management L.P. increased its holdings in Ambarella, Inc. by 93.7%, owning 59,728 shares worth $3,006,000 at the end of the most recent quarter.
• Equities analysts are optimistic about Ambarella, with several firms raising their price targets, including Bank of America and Morgan Stanley, indicating a consensus target price of $93.88.
• Ambarella's stock price opened at $82.48, reflecting a significant 16.8% increase, with a 52-week range between $38.86 and $93.44.

Graham Capital Management L.P. increased its holdings in shares of Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 93.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,728 shares of the semiconductor company's stock after buying an additional 28,895 shares during the period. Graham Capital Management L.P. owned about 0.14% of Ambarella worth $3,006,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AMBA. Mackenzie Financial Corp increased its stake in shares of Ambarella by 3.2% in the 4th quarter. Mackenzie Financial Corp now owns 6,406 shares of the semiconductor company's stock worth $466,000 after acquiring an additional 201 shares during the last quarter. Winslow Asset Management Inc. increased its stake in shares of Ambarella by 5.8% in the 1st quarter. Winslow Asset Management Inc. now owns 4,650 shares of the semiconductor company's stock worth $234,000 after acquiring an additional 255 shares during the last quarter. New York State Common Retirement Fund increased its stake in shares of Ambarella by 3.9% in the 1st quarter. New York State Common Retirement Fund now owns 12,803 shares of the semiconductor company's stock worth $644,000 after acquiring an additional 478 shares during the last quarter. KBC Group NV increased its stake in shares of Ambarella by 2.4% in the 1st quarter. KBC Group NV now owns 22,366 shares of the semiconductor company's stock worth $1,126,000 after acquiring an additional 531 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Ambarella by 11.7% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,589 shares of the semiconductor company's stock worth $281,000 after acquiring an additional 586 shares during the last quarter. Hedge funds and other institutional investors own 82.09% of the company's stock.

Insider Buying and Selling

In related news, Director Christopher B. Paisley sold 1,000 shares of the firm's stock in a transaction dated 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 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 5.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

AMBA has been the subject of a number of recent research reports. BNP Paribas raised Ambarella to a "strong-buy" rating in a research note on Friday, August 29th. Bank of America raised their target price on Ambarella from $63.00 to $90.00 and gave the stock a "neutral" rating in a research note on Friday, August 29th. Morgan Stanley raised their target price on Ambarella from $80.00 to $96.00 and gave the stock an "overweight" rating in a research note on Friday, August 29th. Northland Securities raised their target price on Ambarella from $75.00 to $95.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. Finally, Summit Insights raised Ambarella from a "hold" rating to a "buy" rating in a research report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three 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 price target of $93.88.

Ambarella Trading Up 2.4%

Ambarella stock traded up $1.87 during midday trading on Thursday, reaching $81.19. 1,144,468 shares of the stock traded hands, compared to its average volume of 882,908. The company has a 50-day simple moving average of $68.45 and a two-hundred day simple moving average of $59.52. Ambarella, Inc. has a 12-month low of $38.86 and a 12-month high of $93.44. The firm has a market cap of $3.44 billion, a PE ratio of -38.48 and a beta of 2.09.

Ambarella (NASDAQ:AMBA - Get Free Report) last announced its earnings results on Thursday, August 28th. The semiconductor company reported $0.15 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.10. Ambarella had a negative return on equity of 14.82% and a negative net margin of 25.46%.The company had revenue of $95.51 million during the quarter, compared to analysts' expectations of $90.01 million. During the same period last year, the business posted ($0.13) EPS. Ambarella's revenue for the quarter was up 49.9% on a year-over-year basis. Ambarella has set its Q3 2026 guidance at EPS. Equities research analysts anticipate that Ambarella, Inc. will post -2.81 earnings per share for the current year.

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.