XTX Topco Ltd Trims Position in Ambarella, Inc. (NASDAQ:AMBA)

XTX Topco Ltd decreased its position in shares of Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 56.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,526 shares of the semiconductor company's stock after selling 8,412 shares during the period. XTX Topco Ltd's holdings in Ambarella were worth $475,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of AMBA. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Ambarella by 68.7% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company's stock valued at $32,000 after buying an additional 184 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of Ambarella in the fourth quarter worth about $37,000. Sterling Capital Management LLC boosted its stake in Ambarella by 629.3% during the fourth quarter. Sterling Capital Management LLC now owns 598 shares of the semiconductor company's stock valued at $43,000 after buying an additional 516 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Ambarella during the fourth quarter worth $53,000. Finally, R Squared Ltd bought a new stake in shares of Ambarella during the fourth quarter worth $68,000. Institutional investors and hedge funds own 82.09% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Rosenblatt Securities reaffirmed a "buy" rating and set a $100.00 price target on shares of Ambarella in a research report 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 cut their price target on Ambarella from $100.00 to $80.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Susquehanna boosted their price objective on shares of Ambarella from $95.00 to $100.00 and gave the stock a "positive" rating in a research report on Wednesday, January 22nd. Finally, Needham & Company LLC lifted their price target on Ambarella from $100.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $85.00.

Ambarella Price Performance

Shares of AMBA traded up $0.26 during trading hours on Friday, hitting $46.92. The stock had a trading volume of 81,089 shares, compared to its average volume of 694,193. The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of -12.14 and a beta of 1.86. Ambarella, Inc. has a 52 week low of $38.86 and a 52 week high of $85.15. The company's fifty day moving average is $53.73 and its two-hundred day moving average is $63.76.

Insider Transactions at Ambarella

In other Ambarella news, CEO Feng-Ming Wang sold 3,194 shares of Ambarella stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $55.02, for a total value of $175,733.88. Following the transaction, the chief executive officer now owns 798,311 shares in the company, valued at $43,923,071.22. The trade was a 0.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Christopher Day sold 479 shares of the firm's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $55.02, for a total value of $26,354.58. Following the transaction, the vice president now directly owns 15,441 shares of the company's stock, valued at approximately $849,563.82. This represents a 3.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,328 shares of company stock valued at $513,467 over the last three months. 5.70% of the stock is currently owned by corporate insiders.

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.