SG Americas Securities LLC Acquires New Shares in Ambarella, Inc. (NASDAQ:AMBA)

SG Americas Securities LLC bought a new position in Ambarella, Inc. (NASDAQ:AMBA - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 18,310 shares of the semiconductor company's stock, valued at approximately $922,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMBA. Empowered Funds LLC bought a new stake in Ambarella in the fourth quarter worth approximately $370,000. Van ECK Associates Corp boosted its stake in shares of Ambarella by 118.1% during the 4th quarter. Van ECK Associates Corp now owns 9,951 shares of the semiconductor company's stock worth $724,000 after acquiring an additional 5,388 shares in the last quarter. Asset Management One Co. Ltd. acquired a new position in shares of Ambarella during the 4th quarter valued at about $553,000. Principal Financial Group Inc. acquired a new position in shares of Ambarella during the 4th quarter valued at about $1,159,000. Finally, D.A. Davidson & CO. bought a new position in shares of Ambarella in the 4th quarter valued at approximately $1,672,000. Hedge funds and other institutional investors own 82.09% of the company's stock.

Ambarella Trading Down 2.3%

NASDAQ:AMBA traded down $1.19 during mid-day trading on Friday, hitting $51.68. The company's stock had a trading volume of 861,103 shares, compared to its average volume of 723,446. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of -20.76 and a beta of 1.99. Ambarella, Inc. has a fifty-two week low of $38.86 and a fifty-two week high of $85.15. The stock has a fifty day moving average of $53.14 and a 200-day moving average of $62.13.

Analyst Upgrades and Downgrades

AMBA has been the subject of several recent analyst reports. Wall Street Zen raised shares of Ambarella from a "sell" rating to a "hold" rating in a report on Friday, February 28th. Rosenblatt Securities upped their price target on shares of Ambarella from $87.00 to $95.00 and gave the company a "buy" rating in a report on Friday, May 30th. Needham & Company LLC dropped their price objective on Ambarella from $110.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. Stifel Nicolaus decreased their target price on Ambarella from $100.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Finally, Morgan Stanley lowered their target price on Ambarella from $90.00 to $80.00 and set an "overweight" rating on the stock in a report on Tuesday, May 27th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, Ambarella has a consensus rating of "Moderate Buy" and a consensus target price of $84.55.

Insider Buying and Selling

In related news, Director Christopher B. Paisley sold 500 shares of the stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $55.50, for a total transaction of $27,750.00. Following the completion of the sale, the director now owns 40,281 shares in the company, valued at $2,235,595.50. This trade represents a 1.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 5.30% of the stock is owned by corporate insiders.

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.