Vanguard Group Inc. grew its stake in shares of Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 3.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,848,305 shares of the semiconductor company's stock after buying an additional 152,181 shares during the period. Vanguard Group Inc. owned 11.43% of Ambarella worth $244,015,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in AMBA. Fuller & Thaler Asset Management Inc. purchased a new position in Ambarella in the 4th quarter worth approximately $52,770,000. Segall Bryant & Hamill LLC purchased a new position in Ambarella in the 1st quarter worth approximately $15,578,000. Woodline Partners LP lifted its holdings in Ambarella by 2,367.1% in the 4th quarter. Woodline Partners LP now owns 263,333 shares of the semiconductor company's stock worth $19,155,000 after purchasing an additional 252,659 shares in the last quarter. Sora Investors LLC increased its stake in Ambarella by 91.0% in the 4th quarter. Sora Investors LLC now owns 353,372 shares of the semiconductor company's stock worth $25,704,000 after acquiring an additional 168,372 shares during the last quarter. Finally, Millennium Management LLC increased its stake in Ambarella by 11.5% in the 4th quarter. Millennium Management LLC now owns 1,394,192 shares of the semiconductor company's stock worth $101,414,000 after acquiring an additional 144,268 shares during the last quarter. 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 a number of research reports. Susquehanna lifted their price objective on Ambarella from $80.00 to $90.00 and gave the stock a "positive" rating in a research note on Tuesday, July 22nd. Summit Insights raised Ambarella to a "hold" rating in a research note on Thursday, May 29th. Morgan Stanley reduced their price objective on 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 reduced 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. Finally, Rosenblatt Securities lifted their price objective on Ambarella from $87.00 to $95.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $83.64.
Check Out Our Latest Analysis on AMBA
Ambarella Stock Performance
NASDAQ AMBA opened at $68.97 on Tuesday. The company has a market cap of $2.93 billion, a P/E ratio of -27.70 and a beta of 2.08. The business's 50 day moving average price is $63.96 and its 200-day moving average price is $59.55. Ambarella, Inc. has a fifty-two week low of $38.86 and a fifty-two week high of $85.15.
Insider Buying and Selling
In other Ambarella news, Director Christopher B. Paisley sold 1,000 shares of the company's stock in a transaction 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 transaction, the director owned 39,281 shares of the company's stock, valued at $2,458,204.98. This represents a 2.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 5.70% of the stock is owned by company insiders.
About Ambarella
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding AMBA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ambarella, Inc. (NASDAQ:AMBA - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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