Graham Capital Management L.P. Grows Holdings in Ambarella, Inc. $AMBA

Graham Capital Management L.P. increased its position in Ambarella, Inc. (NASDAQ:AMBA) by 93.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,728 shares of the semiconductor company’s stock after acquiring an additional 28,895 shares during the quarter. Graham Capital Management L.P.’s holdings in Ambarella were worth $3,006,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mackenzie Financial Corp increased its holdings in Ambarella by 3.2% in the 4th quarter. Mackenzie Financial Corp now owns 6,406 shares of the semiconductor company’s stock worth $466,000 after acquiring an additional 201 shares in the last quarter. Winslow Asset Management Inc. boosted its stake in Ambarella by 5.8% in the 1st quarter. Winslow Asset Management Inc. now owns 4,650 shares of the semiconductor company’s stock worth $234,000 after purchasing an additional 255 shares during the period. New York State Common Retirement Fund boosted its stake in Ambarella by 3.9% in the 1st quarter. New York State Common Retirement Fund now owns 12,803 shares of the semiconductor company’s stock worth $644,000 after purchasing an additional 478 shares during the period. KBC Group NV boosted its stake in Ambarella by 2.4% in the 1st quarter. KBC Group NV now owns 22,366 shares of the semiconductor company’s stock worth $1,126,000 after purchasing an additional 531 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Ambarella by 11.7% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,589 shares of the semiconductor company’s stock worth $281,000 after purchasing an additional 586 shares during the period. 82.09% of the stock is owned by hedge funds and other institutional investors.

Ambarella Stock Performance

NASDAQ AMBA opened at $82.48 on Monday. The company has a market capitalization of $3.50 billion, a P/E ratio of -39.09 and a beta of 2.08. Ambarella, Inc. has a one year low of $38.86 and a one year high of $93.44. The stock has a 50 day moving average price of $67.18 and a 200-day moving average price of $59.21.

Wall Street Analyst Weigh In

Several research firms have weighed in on AMBA. Needham & Company LLC upped their price target on Ambarella from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday. Bank of America upped their price target on Ambarella from $63.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday. Rosenblatt Securities upped their price target on Ambarella from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday. Oppenheimer restated a “market perform” rating on shares of Ambarella in a research note on Friday. Finally, Northland Securities upped their price target on Ambarella from $75.00 to $95.00 and gave the stock an “outperform” rating in a research note on Friday. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Ambarella presently has an average rating of “Moderate Buy” and a consensus price target of $93.88.

Insider Activity at Ambarella

In other news, Director Christopher B. Paisley sold 1,000 shares of the stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $62.58, for a total transaction of $62,580.00. Following the completion of the transaction, the director directly owned 39,281 shares in the company, valued at approximately $2,458,204.98. This represents a 2.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.70% of the company’s stock.

About Ambarella

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.