Ambarella, Inc. (NASDAQ:AMBA) Holdings Trimmed by Numerai GP LLC

Numerai GP LLC trimmed its position in shares of Ambarella, Inc. (NASDAQ:AMBA) by 61.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,260 shares of the semiconductor company’s stock after selling 26,466 shares during the period. Numerai GP LLC’s holdings in Ambarella were worth $1,183,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Skandinaviska Enskilda Banken AB publ boosted its stake 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 during the period. Aster Capital Management DIFC Ltd acquired a new stake in shares of Ambarella during the 4th quarter valued at $37,000. Sterling Capital Management LLC boosted its stake in shares of Ambarella by 629.3% during the 4th 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 period. SBI Securities Co. Ltd. acquired a new stake in shares of Ambarella during the 4th quarter valued at $53,000. Finally, Johnson Financial Group Inc. acquired a new stake in shares of Ambarella during the 4th quarter valued at $71,000. Institutional investors and hedge funds own 82.09% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on AMBA shares. StockNews.com raised shares of Ambarella from a “sell” rating to a “hold” rating in a research note on Friday, February 28th. Rosenblatt Securities reaffirmed 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 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. Needham & Company LLC lifted 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, Susquehanna lifted their price objective on shares of Ambarella from $95.00 to $100.00 and gave the company a “positive” rating in a research note on Wednesday, January 22nd. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $85.00.

Insider Transactions at Ambarella

In related news, COO Chan W. Lee sold 1,468 shares of the company’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 $80,769.36. Following the sale, the chief operating officer now owns 130,297 shares of the company’s stock, valued at $7,168,940.94. The trade was a 1.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Christopher Day sold 479 shares of the business’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 $26,354.58. Following the completion of the transaction, the vice president now owns 15,441 shares in the company, valued at approximately $849,563.82. This trade represents a 3.01% 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 worth $513,467. 5.30% of the stock is currently owned by company insiders.

Ambarella Stock Performance

NASDAQ:AMBA opened at $60.66 on Wednesday. The firm’s 50-day moving average is $48.97 and its 200-day moving average is $63.20. Ambarella, Inc. has a 52-week low of $38.86 and a 52-week high of $85.15. The company has a market cap of $2.57 billion, a price-to-earnings ratio of -15.71 and a beta of 1.99.

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.