Susquehanna Fundamental Investments LLC Takes $3.63 Million Position in Ambarella, Inc. (NASDAQ:AMBA)

Susquehanna Fundamental Investments LLC purchased a new stake in Ambarella, Inc. (NASDAQ:AMBA - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 49,849 shares of the semiconductor company's stock, valued at approximately $3,626,000. Susquehanna Fundamental Investments LLC owned approximately 0.12% of Ambarella at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in AMBA. Vanguard Group Inc. raised its stake in Ambarella by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 4,696,124 shares of the semiconductor company's stock worth $341,596,000 after buying an additional 81,557 shares during the period. William Blair Investment Management LLC lifted its holdings in shares of Ambarella by 8.9% in the 4th quarter. William Blair Investment Management LLC now owns 829,052 shares of the semiconductor company's stock worth $60,305,000 after purchasing an additional 68,044 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new position in shares of Ambarella in the 4th quarter worth $52,770,000. Stephens Investment Management Group LLC increased its stake in Ambarella by 0.5% during the 4th quarter. Stephens Investment Management Group LLC now owns 503,468 shares of the semiconductor company's stock valued at $36,622,000 after purchasing an additional 2,432 shares in the last quarter. Finally, Barclays PLC raised its holdings in Ambarella by 281.3% during the third quarter. Barclays PLC now owns 388,090 shares of the semiconductor company's stock worth $21,891,000 after buying an additional 286,296 shares during the last quarter. Institutional investors and hedge funds own 82.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on AMBA shares. Rosenblatt Securities reissued a "buy" rating and set a $100.00 target price on shares of Ambarella in a research report on Thursday, February 27th. Needham & Company LLC increased their price objective on Ambarella from $100.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. StockNews.com raised Ambarella from a "sell" rating to a "hold" rating in a research report on Friday, February 28th. Stifel Nicolaus dropped 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. Finally, Susquehanna upped their target price on shares of Ambarella from $95.00 to $100.00 and gave the stock a "positive" rating in a research note on Wednesday, January 22nd. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $85.00.

Insider Transactions at Ambarella

In other news, Director Christopher B. Paisley sold 500 shares of the business's stock in a transaction that occurred 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 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 SEC, which is available at the SEC website. Also, COO Chan W. Lee sold 1,468 shares of the business's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $55.02, for a total transaction of $80,769.36. Following the sale, the chief operating officer now directly owns 130,297 shares in the company, valued at $7,168,940.94. The trade was a 1.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,328 shares of company stock worth $513,467 in the last quarter. Insiders own 5.70% of the company's stock.

Ambarella Stock Performance

AMBA stock traded up $2.27 during mid-day trading on Friday, hitting $50.43. The company had a trading volume of 539,706 shares, compared to its average volume of 690,711. The firm has a market cap of $2.14 billion, a PE ratio of -13.06 and a beta of 1.86. Ambarella, Inc. has a 12 month low of $38.86 and a 12 month high of $85.15. The stock's fifty day moving average price is $50.48 and its two-hundred day moving average price is $63.37.

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.