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

SG Americas Securities LLC acquired a new stake in shares of Ambarella, Inc. (NASDAQ:AMBA - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 18,310 shares of the semiconductor company's stock, valued at approximately $922,000.

A number of other large investors have also recently made changes to their positions in AMBA. Empowered Funds LLC bought a new stake in shares of Ambarella in the fourth quarter worth approximately $370,000. Van ECK Associates Corp grew its stake in shares of Ambarella by 118.1% in the fourth 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 during the period. Asset Management One Co. Ltd. bought a new stake in Ambarella during the fourth quarter valued at approximately $553,000. Principal Financial Group Inc. bought a new stake in Ambarella during the fourth quarter valued at approximately $1,159,000. Finally, D.A. Davidson & CO. bought a new stake in Ambarella during the fourth quarter valued at approximately $1,672,000. 82.09% of the stock is currently owned by institutional investors.

Ambarella Trading Down 2.3%

Shares of NASDAQ:AMBA traded down $1.19 during midday trading on Friday, reaching $51.68. 861,103 shares of the company were exchanged, compared to its average volume of 722,937. The business's fifty day moving average is $53.14 and its two-hundred day moving average is $62.19. Ambarella, Inc. has a one year low of $38.86 and a one year high of $85.15. The stock has a market cap of $2.19 billion, a PE ratio of -20.76 and a beta of 1.99.

Insider Buying and Selling

In related news, Director Christopher B. Paisley sold 500 shares of the company's stock in a transaction on 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 transaction, the director now owns 40,281 shares in the company, valued at approximately $2,235,595.50. This represents a 1.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.30% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Summit Insights upgraded shares of Ambarella to a "hold" rating in a research report on Thursday, May 29th. Wall Street Zen raised shares of Ambarella from a "sell" rating to a "hold" rating in a report on Friday, February 28th. Stifel Nicolaus lowered their price target 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 lowered their price target on shares of Ambarella from $90.00 to $80.00 and set an "overweight" rating on the stock in a report on Tuesday, May 27th. Finally, Rosenblatt Securities lifted 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. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $84.55.

About Ambarella

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.