Occudo Quantitative Strategies LP Invests $346,000 in Ambarella, Inc. (NASDAQ:AMBA)

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

A number of other large investors have also modified their holdings of AMBA. Fuller & Thaler Asset Management Inc. purchased a new position in Ambarella in the fourth quarter valued at $52,770,000. Invesco Ltd. increased its holdings in 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 buying an additional 295,606 shares during the last quarter. Barclays PLC increased its holdings in 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 buying an additional 286,296 shares during the last quarter. Alliancebernstein L.P. increased its holdings in Ambarella by 345.2% in the fourth quarter. Alliancebernstein L.P. now owns 189,235 shares of the semiconductor company's stock valued at $13,765,000 after buying an additional 146,729 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in Ambarella by 11.5% in the fourth quarter. Millennium Management LLC now owns 1,394,192 shares of the semiconductor company's stock valued at $101,414,000 after buying an additional 144,268 shares during the last quarter. Hedge funds and other institutional investors own 82.09% of the company's stock.

Ambarella Stock Performance

Shares of AMBA opened at $62.62 on Friday. Ambarella, Inc. has a fifty-two week low of $38.86 and a fifty-two week high of $85.15. The company has a market capitalization of $2.66 billion, a price-to-earnings ratio of -16.22 and a beta of 1.99. The firm has a 50-day simple moving average of $49.55 and a 200-day simple moving average of $63.19.

Wall Street Analyst Weigh In

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

Insider Transactions at Ambarella

In related news, VP Christopher Day sold 479 shares of the firm's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $55.02, for a total value of $26,354.58. Following the completion of the sale, the vice president now owns 15,441 shares in the company, valued at $849,563.82. This trade represents a 3.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO John Alexander Young sold 2,103 shares of the firm's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $55.02, for a total transaction of $115,707.06. Following the completion of the sale, the chief financial officer now owns 113,886 shares of the company's stock, valued at approximately $6,266,007.72. The trade was a 1.81% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,328 shares of company stock worth $513,467. Company insiders own 5.30% of the company's stock.

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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