Two Sigma Advisers LP Lowers Stake in Ambarella, Inc. (NASDAQ:AMBA)

Two Sigma Advisers LP decreased its holdings in shares of Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 73.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,500 shares of the semiconductor company's stock after selling 117,800 shares during the quarter. Two Sigma Advisers LP owned 0.10% of Ambarella worth $3,164,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Tidal Investments LLC acquired a new position in Ambarella during the 4th quarter worth approximately $444,000. Sender Co & Partners Inc. grew its stake in shares of Ambarella by 49.6% during the fourth quarter. Sender Co & Partners Inc. now owns 12,752 shares of the semiconductor company's stock worth $928,000 after buying an additional 4,230 shares during the last quarter. Sora Investors LLC grew its stake in shares of Ambarella by 91.0% during the fourth quarter. Sora Investors LLC now owns 353,372 shares of the semiconductor company's stock worth $25,704,000 after buying an additional 168,372 shares during the last quarter. ProShare Advisors LLC increased its holdings in shares of Ambarella by 19.1% during the fourth quarter. ProShare Advisors LLC now owns 13,665 shares of the semiconductor company's stock worth $994,000 after buying an additional 2,194 shares in the last quarter. Finally, Man Group plc lifted its stake in shares of Ambarella by 23.9% in the 4th quarter. Man Group plc now owns 14,994 shares of the semiconductor company's stock valued at $1,091,000 after acquiring an additional 2,891 shares during the last quarter. Institutional investors and hedge funds own 82.09% of the company's stock.

Ambarella Trading Down 16.6%

Shares of AMBA stock traded down $10.29 during trading hours on Friday, hitting $51.71. 4,453,032 shares of the company were exchanged, compared to its average volume of 707,168. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of -13.40 and a beta of 1.99. The firm has a fifty day simple moving average of $51.29 and a 200 day simple moving average of $63.42. Ambarella, Inc. has a 52-week low of $38.86 and a 52-week high of $85.15.

Insider Transactions at Ambarella

In related news, VP Christopher Day sold 479 shares of the stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $55.02, for a total transaction of $26,354.58. Following the sale, the vice president now owns 15,441 shares of the company's stock, valued at approximately $849,563.82. This represents a 3.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Christopher B. Paisley sold 500 shares of the firm's stock in a transaction that occurred 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 of the company's stock, valued at $2,235,595.50. This trade represents a 1.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,328 shares of company stock worth $513,467. 5.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

AMBA has been the topic of a number of research reports. Wall Street Zen upgraded Ambarella from a "sell" rating to a "hold" rating in a research report on Friday, February 28th. Needham & Company LLC cut 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. Morgan Stanley lowered their price objective on shares of Ambarella from $90.00 to $80.00 and set an "overweight" rating for the company in a research note on Tuesday. Summit Insights upgraded Ambarella to a "hold" rating in a report on Thursday. Finally, Stifel Nicolaus decreased their target price on shares of Ambarella from $100.00 to $80.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $82.08.

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.