Robeco Schweiz AG Increases Stock Holdings in Ambarella, Inc. (NASDAQ:AMBA)

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

Other large investors also recently bought and sold shares of the company. Cerity Partners LLC raised its holdings in Ambarella by 12.5% in the first quarter. Cerity Partners LLC now owns 5,737 shares of the semiconductor company's stock valued at $289,000 after acquiring an additional 639 shares in the last quarter. Banque Pictet & Cie SA purchased a new position in Ambarella in the first quarter valued at approximately $259,000. Principal Financial Group Inc. increased its holdings in shares of Ambarella by 61.8% in the 1st quarter. Principal Financial Group Inc. now owns 25,794 shares of the semiconductor company's stock valued at $1,298,000 after acquiring an additional 9,857 shares during the period. Teacher Retirement System of Texas acquired a new position in Ambarella in the 1st quarter valued at $325,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in 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 valued at $281,000 after buying an additional 586 shares during the period. Institutional investors and hedge funds own 82.09% of the company's stock.

Insider Transactions at Ambarella

In other Ambarella news, Director Christopher B. Paisley sold 1,000 shares of the stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $62.58, for a total value of $62,580.00. Following the completion of the sale, the director 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

AMBA has been the topic of several research analyst reports. Needham & Company LLC decreased their target price on shares of Ambarella from $110.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, May 30th. Summit Insights upgraded shares of Ambarella to a "hold" rating in a report on Thursday, May 29th. Stifel Nicolaus reduced their target price on shares of Ambarella from $100.00 to $80.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. 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. Finally, Rosenblatt Securities upped their price objective on shares of Ambarella from $87.00 to $95.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $84.55.

Ambarella Stock Down 0.8%

Shares of NASDAQ:AMBA opened at $67.46 on Friday. Ambarella, Inc. has a 52-week low of $38.86 and a 52-week high of $85.15. The company has a 50 day moving average of $58.83 and a two-hundred day moving average of $61.53. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of -27.09 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.

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