Quantbot Technologies LP Invests $181,000 in Ambarella, Inc. $AMBA

Key Points

• Quantbot Technologies LP acquired 3,604 shares of Ambarella, Inc. for approximately $181,000, indicating new investor interest in the semiconductor company.
• Several institutional investors, such as Northern Trust Corp and Neuberger Berman Group LLC, have significantly increased their holdings in AMBA during the first quarter, contributing to 82.09% institutional ownership.
• Ambarella's stock has a consensus rating of "Moderate Buy" with an average price target of $87.50, despite recent adjustments in price objectives by several analysts.

Quantbot Technologies LP purchased a new stake in Ambarella, Inc. (NASDAQ:AMBA - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,604 shares of the semiconductor company's stock, valued at approximately $181,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Tower Research Capital LLC TRC increased its holdings in shares of Ambarella by 300.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,124 shares of the semiconductor company's stock valued at $82,000 after purchasing an additional 843 shares during the last quarter. Larson Financial Group LLC increased its holdings in shares of Ambarella by 111.9% in the first quarter. Larson Financial Group LLC now owns 1,195 shares of the semiconductor company's stock valued at $60,000 after purchasing an additional 631 shares during the last quarter. Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Ambarella by 452.4% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 2,497 shares of the semiconductor company's stock valued at $126,000 after purchasing an additional 2,045 shares during the last quarter. LMR Partners LLP acquired a new stake in shares of Ambarella in the fourth quarter valued at approximately $218,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Ambarella in the fourth quarter valued at approximately $278,000. Institutional investors and hedge funds 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 firm's 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 in the company, valued at $2,458,204.98. This trade represents a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.70% of the stock is currently owned by corporate insiders.

Ambarella Trading Down 4.9%

NASDAQ:AMBA traded down $4.01 during midday trading on Tuesday, reaching $78.47. The company had a trading volume of 1,344,845 shares, compared to its average volume of 875,657. The firm has a market capitalization of $3.33 billion, a price-to-earnings ratio of -37.19 and a beta of 2.08. The stock's fifty day simple moving average is $67.80 and its 200-day simple moving average is $59.24. Ambarella, Inc. has a 12-month low of $38.86 and a 12-month high of $93.44.

Analyst Upgrades and Downgrades

Several research firms recently commented on AMBA. Rosenblatt Securities increased their price target on Ambarella from $95.00 to $100.00 and gave the company a "buy" rating in a report on Friday. Northland Securities increased their price objective on Ambarella from $75.00 to $95.00 and gave the stock an "outperform" rating in a research report on Friday. Needham & Company LLC increased their price objective on Ambarella from $90.00 to $100.00 and gave the stock a "buy" rating in a research report on Friday. Morgan Stanley increased their price objective on Ambarella from $80.00 to $96.00 and gave the stock an "overweight" rating in a research report on Friday. Finally, Susquehanna raised their price target on Ambarella from $80.00 to $90.00 and gave the stock a "positive" rating in a research report on Tuesday, July 22nd. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $93.88.

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.