Teacher Retirement System of Texas Makes New $325,000 Investment in Ambarella, Inc. (NASDAQ:AMBA)

Teacher Retirement System of Texas bought a new stake in Ambarella, Inc. (NASDAQ:AMBA - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 6,464 shares of the semiconductor company's stock, valued at approximately $325,000.

Several other large investors also recently made changes to their positions in AMBA. Aster Capital Management DIFC Ltd purchased a new stake in shares of Ambarella in the fourth quarter worth approximately $37,000. Sterling Capital Management LLC raised its position in Ambarella by 629.3% in the 4th quarter. Sterling Capital Management LLC now owns 598 shares of the semiconductor company's stock valued at $43,000 after buying an additional 516 shares during the last quarter. Johnson Financial Group Inc. bought a new position in Ambarella during the 4th quarter valued at $71,000. National Bank of Canada FI bought a new position in Ambarella during the 4th quarter valued at $69,000. Finally, Tower Research Capital LLC TRC boosted its holdings in Ambarella by 300.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,124 shares of the semiconductor company's stock worth $82,000 after acquiring an additional 843 shares during the last quarter. 82.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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 stock was 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 in the company, valued at approximately $2,458,204.98. The trade was a 2.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 5.30% of the company's stock.

Ambarella Stock Down 1.6%

Shares of AMBA stock traded down $1.10 during trading on Friday, hitting $69.38. The company had a trading volume of 590,225 shares, compared to its average volume of 764,090. The stock's 50-day moving average is $60.81 and its two-hundred day moving average is $61.22. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of -27.86 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

A number of analysts recently commented on the company. Summit Insights upgraded Ambarella to a "hold" rating in a report on Thursday, May 29th. Rosenblatt Securities increased their price target on shares of Ambarella from $87.00 to $95.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Stifel Nicolaus decreased their price objective on shares of Ambarella from $100.00 to $80.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Morgan Stanley lowered their price objective on shares of Ambarella from $90.00 to $80.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 27th. Finally, Needham & Company LLC reduced their target price on shares of Ambarella from $110.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, May 30th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Ambarella has a consensus rating of "Moderate Buy" and a consensus price target of $84.55.

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.