Headlands Technologies LLC Invests $362,000 in Ambarella, Inc. (NASDAQ:AMBA)

Key Points

• Headlands Technologies LLC invested approximately $362,000 in Ambarella, Inc. by purchasing 7,193 shares during the first quarter.
• Institutional investors collectively own 82.09% of Ambarella's stock, with notable increases in stakes from firms like Sterling Capital Management and Tower Research Capital.
• Ambarella's stock has seen analysts adjusting their price targets, with an average target price of $83.64 and a majority rating it as a "Moderate Buy."

Headlands Technologies LLC acquired a new position in Ambarella, Inc. (NASDAQ:AMBA - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 7,193 shares of the semiconductor company's stock, valued at approximately $362,000.

Other institutional investors have also recently made changes to their positions in the company. Rhumbline Advisers lifted its holdings in shares of Ambarella by 4.0% in the 1st quarter. Rhumbline Advisers now owns 58,571 shares of the semiconductor company's stock worth $2,948,000 after acquiring an additional 2,249 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Ambarella by 238.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 13,474 shares of the semiconductor company's stock worth $678,000 after acquiring an additional 9,491 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Ambarella by 6,804.3% during the 1st quarter. GAMMA Investing LLC now owns 16,156 shares of the semiconductor company's stock valued at $813,000 after buying an additional 15,922 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Ambarella by 61.8% during the 1st quarter. Principal Financial Group Inc. now owns 25,794 shares of the semiconductor company's stock valued at $1,298,000 after buying an additional 9,857 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in Ambarella by 15.9% during the 4th quarter. Wells Fargo & Company MN now owns 53,397 shares of the semiconductor company's stock valued at $3,884,000 after buying an additional 7,312 shares in the last quarter. Institutional investors own 82.09% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on AMBA shares. Needham & Company LLC reduced their price target on shares of Ambarella from $110.00 to $90.00 and set a "buy" rating for the company in a report on Friday, May 30th. Susquehanna boosted their price target on shares of Ambarella from $80.00 to $90.00 and gave the company a "positive" rating in a report on Tuesday, July 22nd. Stifel Nicolaus reduced their price objective on shares of Ambarella from $100.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Morgan Stanley reduced their price objective on shares of Ambarella from $90.00 to $80.00 and set an "overweight" rating for the company in a research note on Tuesday, May 27th. Finally, Rosenblatt Securities boosted their price objective on shares of Ambarella from $87.00 to $95.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $83.64.

Ambarella Trading Up 7.5%

Shares of AMBA traded up $4.81 during trading hours on Tuesday, reaching $69.17. The company had a trading volume of 620,847 shares, compared to its average volume of 844,932. The firm has a 50 day simple moving average of $62.75 and a 200-day simple moving average of $59.86. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of -27.78 and a beta of 2.08. Ambarella, Inc. has a 12-month low of $38.86 and a 12-month high of $85.15.

Insiders Place Their Bets

In other news, Director Christopher B. Paisley sold 1,000 shares of Ambarella stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $62.58, for a total transaction of $62,580.00. Following the completion of the sale, the director directly owned 39,281 shares in the company, valued at $2,458,204.98. The trade was a 2.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 5.70% 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.