Segall Bryant & Hamill LLC Buys Shares of 309,520 Ambarella, Inc. (NASDAQ:AMBA)

Segall Bryant & Hamill LLC bought a new stake in shares of Ambarella, Inc. (NASDAQ:AMBA - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 309,520 shares of the semiconductor company's stock, valued at approximately $15,578,000. Segall Bryant & Hamill LLC owned 0.73% of Ambarella as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Skandinaviska Enskilda Banken AB publ grew its stake in shares of Ambarella by 68.7% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company's stock worth $32,000 after acquiring an additional 184 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Ambarella during the fourth quarter worth $37,000. Sterling Capital Management LLC lifted its position in Ambarella by 629.3% in the fourth quarter. Sterling Capital Management LLC now owns 598 shares of the semiconductor company's stock valued at $43,000 after acquiring an additional 516 shares during the last quarter. Larson Financial Group LLC lifted its position in 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 acquiring an additional 631 shares during the last quarter. Finally, National Bank of Canada FI purchased a new stake in Ambarella in the fourth quarter valued at $69,000. 82.09% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Ambarella

In related news, Director Christopher B. Paisley sold 1,000 shares of the company's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $62.58, for a total value of $62,580.00. Following the transaction, the director owned 39,281 shares in the company, valued at $2,458,204.98. The trade was a 2.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 5.70% of the company's stock.

Ambarella Stock Performance

Ambarella stock traded down $1.10 during mid-day trading on Friday, hitting $69.38. 590,225 shares of the company traded hands, compared to its average volume of 764,090. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of -27.86 and a beta of 2.05. Ambarella, Inc. has a one year low of $38.86 and a one year high of $85.15. The stock has a fifty day moving average price of $60.81 and a 200-day moving average price of $61.13.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AMBA. Summit Insights upgraded Ambarella to a "hold" rating in a report on Thursday, May 29th. Needham & Company LLC reduced their price target 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. Stifel Nicolaus reduced their price target on shares of Ambarella from $100.00 to $80.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Rosenblatt Securities increased 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. Finally, Morgan Stanley dropped their price target on shares of Ambarella from $90.00 to $80.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 27th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target 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.