Virtu Financial LLC Invests $243,000 in Ambarella, Inc. (NASDAQ:AMBA)

Key Points

• Virtu Financial LLC has invested approximately $243,000 in 4,838 shares of Ambarella, Inc. (NASDAQ:AMBA) during the first quarter, as reported in their recent 13F filing with the SEC.
• A number of institutional investors, including Sterling Capital Management and Tower Research Capital LLC, significantly increased their holdings in Ambarella during the fourth quarter of the previous year.
• Ambarella's stock has seen a target price range from $80.00 to $95.00 by various analysts, with a consensus rating of "Moderate Buy" and an average price target of $83.64.

Virtu Financial LLC bought a new position in Ambarella, Inc. (NASDAQ:AMBA - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 4,838 shares of the semiconductor company's stock, valued at approximately $243,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sterling Capital Management LLC boosted 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 worth $43,000 after buying an additional 516 shares during the last quarter. Johnson Financial Group Inc. bought a new stake in shares of Ambarella in the 4th quarter worth approximately $71,000. Tower Research Capital LLC TRC boosted its position in Ambarella by 300.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,124 shares of the semiconductor company's stock worth $82,000 after purchasing an additional 843 shares during the period. Larson Financial Group LLC raised its holdings in Ambarella by 111.9% during the 1st quarter. Larson Financial Group LLC now owns 1,195 shares of the semiconductor company's stock valued at $60,000 after acquiring an additional 631 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ raised its holdings in Ambarella by 452.4% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 2,497 shares of the semiconductor company's stock valued at $126,000 after acquiring an additional 2,045 shares during the period. Hedge funds and other institutional investors own 82.09% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Morgan Stanley lowered their target price 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. Needham & Company LLC lowered their target price on shares of Ambarella from $110.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Rosenblatt Securities boosted their target price on shares of Ambarella from $87.00 to $95.00 and gave the company a "buy" rating in a report on Friday, May 30th. Susquehanna boosted their target price on shares of Ambarella from $80.00 to $90.00 and gave the company a "positive" rating in a report on Tuesday, July 22nd. Finally, Summit Insights raised shares of Ambarella to a "hold" rating in a report on Thursday, May 29th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $83.64.

Ambarella Stock Down 2.3%

AMBA opened at $66.99 on Friday. The stock has a market cap of $2.84 billion, a PE ratio of -26.90 and a beta of 2.08. Ambarella, Inc. has a 52 week low of $38.86 and a 52 week high of $85.15. The business's fifty day simple moving average is $63.67 and its 200 day simple moving average is $59.85.

Insider Buying and Selling

In related news, Director Christopher B. Paisley sold 1,000 shares of the 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.30% of the stock is currently owned by corporate insiders.

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.

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