Phoenix Financial Ltd. Invests $238,000 in Ambarella, Inc. (NASDAQ:AMBA)

Key Points

• Phoenix Financial Ltd. has acquired a new stake in Ambarella, Inc., purchasing 4,700 shares valued at approximately $238,000 during the first quarter of the year.
• Institutional investors own 82.09% of Ambarella's stock, with significant contributions from companies like Commonwealth Equity Services and Sei Investments.
• Ambarella has a current market cap of $2.86 billion and analysts have given the stock a consensus rating of "Moderate Buy," with an average price target of $83.64.

Phoenix Financial Ltd. purchased a new position in Ambarella, Inc. (NASDAQ:AMBA - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 4,700 shares of the semiconductor company's stock, valued at approximately $238,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Freemont Management S.A. purchased a new position in Ambarella in the 1st quarter worth approximately $1,243,000. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in Ambarella by 13.2% in the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 7,032 shares of the semiconductor company's stock worth $354,000 after acquiring an additional 822 shares during the period. Segall Bryant & Hamill LLC purchased a new position in Ambarella in the 1st quarter worth approximately $15,578,000. Larson Financial Group LLC boosted its holdings in Ambarella by 111.9% in the 1st quarter. Larson Financial Group LLC now owns 1,195 shares of the semiconductor company's stock worth $60,000 after acquiring an additional 631 shares during the period. Finally, Winslow Asset Management Inc. boosted its holdings in 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 period. Hedge funds and other institutional investors own 82.09% of the company's stock.

Insiders Place Their Bets

In other Ambarella news, Director Christopher B. Paisley sold 1,000 shares of the stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $62.58, for a total value of $62,580.00. Following the sale, the director directly owned 39,281 shares of the company's stock, valued at $2,458,204.98. This trade represents a 2.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 5.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

AMBA has been the topic of a number of recent analyst reports. Morgan Stanley cut their target price on Ambarella from $90.00 to $80.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 27th. Summit Insights raised Ambarella to a "hold" rating in a research report on Thursday, May 29th. Susquehanna upped their target price on Ambarella from $80.00 to $90.00 and gave the company a "positive" rating in a research report on Tuesday, July 22nd. Rosenblatt Securities upped their target price on Ambarella from $87.00 to $95.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Finally, Needham & Company LLC cut their target price on Ambarella from $110.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, May 30th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, Ambarella presently has a consensus rating of "Moderate Buy" and a consensus target price of $83.64.

Ambarella Stock Down 0.3%

NASDAQ AMBA traded down $0.18 during trading hours on Wednesday, hitting $68.47. The company had a trading volume of 92,651 shares, compared to its average volume of 865,324. Ambarella, Inc. has a fifty-two week low of $38.86 and a fifty-two week high of $85.15. The business has a fifty day simple moving average of $61.72 and a 200-day simple moving average of $60.85. The firm has a market cap of $2.90 billion, a P/E ratio of -27.50 and a beta of 2.05.

Ambarella 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.