Graham Capital Management L.P. Has $2.24 Million Stake in Ambarella, Inc. (NASDAQ:AMBA)

Graham Capital Management L.P. lifted its position in shares of Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 40.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,833 shares of the semiconductor company's stock after purchasing an additional 8,820 shares during the period. Graham Capital Management L.P. owned about 0.07% of Ambarella worth $2,243,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Fuller & Thaler Asset Management Inc. acquired a new stake in Ambarella in the fourth quarter worth $52,770,000. Invesco Ltd. increased its holdings in shares of Ambarella by 736.7% in the 4th quarter. Invesco Ltd. now owns 335,730 shares of the semiconductor company's stock worth $24,421,000 after acquiring an additional 295,606 shares during the period. Barclays PLC increased its holdings in shares of Ambarella by 281.3% in the 3rd quarter. Barclays PLC now owns 388,090 shares of the semiconductor company's stock worth $21,891,000 after acquiring an additional 286,296 shares during the period. Alliancebernstein L.P. lifted its position in Ambarella by 345.2% in the 4th quarter. Alliancebernstein L.P. now owns 189,235 shares of the semiconductor company's stock valued at $13,765,000 after purchasing an additional 146,729 shares during the last quarter. Finally, Algert Global LLC boosted its stake in Ambarella by 119.4% during the 4th quarter. Algert Global LLC now owns 208,431 shares of the semiconductor company's stock valued at $15,161,000 after purchasing an additional 113,432 shares during the period. 82.09% of the stock is owned by institutional investors and hedge funds.

Ambarella Stock Performance

Shares of AMBA stock traded up $1.42 on Thursday, reaching $62.62. 639,508 shares of the company's stock traded hands, compared to its average volume of 691,625. The company has a market capitalization of $2.66 billion, a P/E ratio of -16.22 and a beta of 1.99. Ambarella, Inc. has a 12-month low of $38.86 and a 12-month high of $85.15. The business's 50 day moving average price is $49.28 and its two-hundred day moving average price is $63.17.

Analyst Upgrades and Downgrades

AMBA has been the subject of several analyst reports. Susquehanna boosted their price objective on Ambarella from $95.00 to $100.00 and gave the stock a "positive" rating in a research report on Wednesday, January 22nd. StockNews.com raised Ambarella from a "sell" rating to a "hold" rating in a research note on Friday, February 28th. Needham & Company LLC lifted their price objective on shares of Ambarella from $100.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $100.00 price objective on shares of Ambarella in a report on Thursday, February 27th. Finally, Stifel Nicolaus lowered their target price 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. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $85.00.

Insiders Place Their Bets

In related news, VP Christopher Day sold 479 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $55.02, for a total transaction of $26,354.58. Following the completion of the sale, the vice president now directly owns 15,441 shares in the company, valued at approximately $849,563.82. This trade represents a 3.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christopher B. Paisley sold 500 shares of the business's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $55.50, for a total value of $27,750.00. Following the completion of the transaction, the director now owns 40,281 shares in the company, valued at $2,235,595.50. This trade represents a 1.23% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,328 shares of company stock worth $513,467. 5.30% of the stock is currently owned by company insiders.

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.