Tributary Capital Management LLC Has $12.10 Million Position in Ambarella, Inc. (NASDAQ:AMBA)

Tributary Capital Management LLC trimmed its holdings in shares of Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 16.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 240,415 shares of the semiconductor company's stock after selling 47,150 shares during the period. Tributary Capital Management LLC owned 0.57% of Ambarella worth $12,100,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in AMBA. Skandinaviska Enskilda Banken AB publ boosted its position in Ambarella by 68.7% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company's stock valued at $32,000 after buying an additional 184 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Ambarella in the 4th quarter valued at about $37,000. Sterling Capital Management LLC raised its stake in shares of 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 purchasing an additional 516 shares in the last quarter. Larson Financial Group LLC raised its stake in shares of Ambarella by 111.9% in the 1st quarter. Larson Financial Group LLC now owns 1,195 shares of the semiconductor company's stock valued at $60,000 after purchasing an additional 631 shares in the last quarter. Finally, National Bank of Canada FI acquired a new stake in shares of Ambarella in the 4th quarter valued at about $69,000. 82.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AMBA has been the topic of several research reports. Stifel Nicolaus dropped their price objective on shares of Ambarella from $100.00 to $80.00 and set a "buy" rating on the stock in a research note 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. 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. Needham & Company LLC dropped their price target on shares of Ambarella from $110.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. Finally, Summit Insights upgraded shares of Ambarella to a "hold" rating in a research note on Thursday, May 29th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $84.55.

Insider Buying and Selling at Ambarella

In other Ambarella news, Director Christopher B. Paisley sold 1,000 shares of the company's 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 approximately $2,458,204.98. This represents a 2.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.70% of the company's stock.

Ambarella Stock Down 1.6%

NASDAQ AMBA traded down $1.10 during midday 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 has a market cap of $2.94 billion, a price-to-earnings ratio of -27.86 and a beta of 2.05. The firm has a fifty day simple moving average of $60.81 and a two-hundred day simple moving average of $61.13. Ambarella, Inc. has a fifty-two week low of $38.86 and a fifty-two week high of $85.15.

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.