Occudo Quantitative Strategies LP Acquires New Position in Ambarella, Inc. (NASDAQ:AMBA)

Occudo Quantitative Strategies LP purchased a new position in Ambarella, Inc. (NASDAQ:AMBA - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,757 shares of the semiconductor company's stock, valued at approximately $346,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in AMBA. Fuller & Thaler Asset Management Inc. purchased a new position in Ambarella in the 4th quarter worth $52,770,000. Invesco Ltd. increased its holdings in shares of Ambarella by 736.7% in the fourth quarter. Invesco Ltd. now owns 335,730 shares of the semiconductor company's stock valued at $24,421,000 after purchasing an additional 295,606 shares during the period. Barclays PLC increased its holdings in shares of Ambarella by 281.3% in the third quarter. Barclays PLC now owns 388,090 shares of the semiconductor company's stock valued at $21,891,000 after purchasing an additional 286,296 shares during the period. Alliancebernstein L.P. raised its stake in shares of Ambarella by 345.2% in the fourth quarter. Alliancebernstein L.P. now owns 189,235 shares of the semiconductor company's stock worth $13,765,000 after purchasing an additional 146,729 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Ambarella by 11.5% during the fourth quarter. Millennium Management LLC now owns 1,394,192 shares of the semiconductor company's stock worth $101,414,000 after purchasing an additional 144,268 shares during the period. Hedge funds and other institutional investors own 82.09% of the company's stock.

Insider Transactions at Ambarella

In other news, 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 transaction of $27,750.00. Following the completion of the sale, the director now owns 40,281 shares of the company's stock, valued at $2,235,595.50. The trade was a 1.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Christopher Day sold 479 shares of the company's 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 transaction, the vice president now owns 15,441 shares of the company's stock, valued at approximately $849,563.82. This trade represents a 3.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,328 shares of company stock valued at $513,467 in the last three months. 5.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AMBA. Rosenblatt Securities reiterated a "buy" rating and issued a $100.00 price target on shares of Ambarella in a report on Thursday, February 27th. Needham & Company LLC increased their price objective on shares of Ambarella from $100.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Susquehanna boosted their target price on shares of Ambarella from $95.00 to $100.00 and gave the company a "positive" rating in a research report on Wednesday, January 22nd. StockNews.com raised shares of Ambarella from a "sell" rating to a "hold" rating in a report on Friday, February 28th. Finally, Stifel Nicolaus reduced their price objective on Ambarella from $100.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Ambarella currently has a consensus rating of "Moderate Buy" and a consensus price target of $85.00.

Ambarella Stock Up 2.8%

Shares of NASDAQ:AMBA traded up $1.80 during trading on Wednesday, reaching $66.07. 345,496 shares of the company's stock traded hands, compared to its average volume of 691,679. Ambarella, Inc. has a fifty-two week low of $38.86 and a fifty-two week high of $85.15. The company has a 50-day simple moving average of $50.30 and a 200-day simple moving average of $63.33. The firm has a market cap of $2.80 billion, a PE ratio of -17.16 and a beta of 1.99.

Ambarella Company 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.