Robeco Schweiz AG Boosts Stock Position in Ambarella, Inc. (NASDAQ:AMBA)

Robeco Schweiz AG raised its holdings in Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 52.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 419,120 shares of the semiconductor company's stock after buying an additional 144,200 shares during the quarter. Robeco Schweiz AG owned 0.99% of Ambarella worth $21,094,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of AMBA. Charles Schwab Investment Management Inc. raised its position in shares of Ambarella by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 325,001 shares of the semiconductor company's stock valued at $23,641,000 after acquiring an additional 4,682 shares during the last quarter. Proficio Capital Partners LLC bought a new position in Ambarella in the fourth quarter valued at approximately $1,032,000. Arizona State Retirement System raised its holdings in shares of Ambarella by 1.4% during the fourth quarter. Arizona State Retirement System now owns 11,368 shares of the semiconductor company's stock worth $827,000 after acquiring an additional 156 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Ambarella by 34.8% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 305,395 shares of the semiconductor company's stock worth $22,214,000 after buying an additional 78,893 shares during the period. Finally, Swiss National Bank grew its stake in shares of Ambarella by 1.3% during the 4th quarter. Swiss National Bank now owns 77,033 shares of the semiconductor company's stock worth $5,603,000 after acquiring an additional 1,000 shares in the last quarter. 82.09% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Ambarella

In other Ambarella news, Director Christopher B. Paisley sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $62.58, for a total transaction of $62,580.00. Following the sale, the director owned 39,281 shares of the company's stock, valued at approximately $2,458,204.98. The trade was a 2.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.30% of the stock is currently owned by company insiders.

Ambarella Trading Down 1.0%

AMBA stock traded down $0.64 during midday trading on Monday, reaching $66.24. 790,119 shares of the company's stock traded hands, compared to its average volume of 897,018. The stock's 50-day moving average is $59.16 and its 200 day moving average is $61.30. The stock has a market cap of $2.81 billion, a P/E ratio of -26.60 and a beta of 2.05. Ambarella, Inc. has a 52-week low of $38.86 and a 52-week high of $85.15.

Analysts Set New Price Targets

Several equities analysts recently weighed in on AMBA shares. Summit Insights raised shares of Ambarella to a "hold" rating in a research note on Thursday, May 29th. Morgan Stanley dropped 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. Stifel Nicolaus dropped their price target on Ambarella from $100.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Rosenblatt Securities boosted their price target on Ambarella from $87.00 to $95.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Finally, Needham & Company LLC reduced their price objective 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 research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Ambarella presently has an average rating of "Moderate Buy" and an average target price of $84.55.

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.