Sender Co & Partners Inc. Increases Stock Position in Ambarella, Inc. (NASDAQ:AMBA)

Sender Co & Partners Inc. raised its position in shares of Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 49.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,752 shares of the semiconductor company's stock after acquiring an additional 4,230 shares during the quarter. Sender Co & Partners Inc.'s holdings in Ambarella were worth $928,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in AMBA. Sora Investors LLC increased its holdings in shares of Ambarella by 91.0% in the fourth quarter. Sora Investors LLC now owns 353,372 shares of the semiconductor company's stock valued at $25,704,000 after purchasing an additional 168,372 shares during the last quarter. ProShare Advisors LLC grew its position in Ambarella by 19.1% in the fourth quarter. ProShare Advisors LLC now owns 13,665 shares of the semiconductor company's stock worth $994,000 after acquiring an additional 2,194 shares during the period. Man Group plc grew its position in Ambarella by 23.9% in the fourth quarter. Man Group plc now owns 14,994 shares of the semiconductor company's stock worth $1,091,000 after acquiring an additional 2,891 shares during the period. Occudo Quantitative Strategies LP purchased a new position in Ambarella in the fourth quarter worth approximately $346,000. Finally, Millennium Management LLC grew its position in Ambarella by 11.5% in the fourth 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 period. Institutional investors and hedge funds own 82.09% of the company's stock.

Ambarella Trading Up 1.5%

Shares of NASDAQ AMBA traded up $0.95 during midday trading on Tuesday, reaching $64.27. 532,802 shares of the company were exchanged, compared to its average volume of 692,913. Ambarella, Inc. has a 1 year low of $38.86 and a 1 year high of $85.15. The stock has a fifty day simple moving average of $50.30 and a 200 day simple moving average of $63.33. The stock has a market cap of $2.73 billion, a P/E ratio of -16.65 and a beta of 1.99.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Ambarella

In related news, VP Christopher Day sold 479 shares of Ambarella stock in a transaction that occurred 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 transaction, the vice president now directly owns 15,441 shares in the company, valued at $849,563.82. The trade was a 3.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Christopher B. Paisley sold 500 shares of the business's stock in a transaction on 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 of the company's stock, valued at $2,235,595.50. This trade represents a 1.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,328 shares of company stock valued at $513,467. 5.30% of the stock is 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.