Ambarella, Inc. (NASDAQ:AMBA) Shares Sold by Quadrature Capital Ltd

Quadrature Capital Ltd reduced its position in Ambarella, Inc. (NASDAQ:AMBAFree Report) by 67.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 27,191 shares of the semiconductor company’s stock after selling 55,901 shares during the period. Quadrature Capital Ltd owned 0.07% of Ambarella worth $1,667,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. raised its stake in Ambarella by 10.6% in the 3rd quarter. Principal Financial Group Inc. now owns 4,585 shares of the semiconductor company’s stock valued at $243,000 after purchasing an additional 439 shares during the last quarter. Barclays PLC grew its holdings in Ambarella by 4.9% during the third quarter. Barclays PLC now owns 16,657 shares of the semiconductor company’s stock worth $883,000 after acquiring an additional 775 shares during the period. Swiss National Bank lifted its position in shares of Ambarella by 1.0% in the 3rd quarter. Swiss National Bank now owns 82,733 shares of the semiconductor company’s stock valued at $4,387,000 after acquiring an additional 800 shares in the last quarter. Gamco Investors INC. ET AL increased its holdings in Ambarella by 156.8% in the third quarter. Gamco Investors INC. ET AL now owns 10,862 shares of the semiconductor company’s stock worth $576,000 after buying an additional 6,633 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Ambarella by 3.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 294,469 shares of the semiconductor company’s stock worth $15,616,000 after acquiring an additional 10,774 shares during the period. 82.09% of the stock is currently owned by institutional investors and hedge funds.

Ambarella Price Performance

Shares of NASDAQ AMBA opened at $56.91 on Monday. The stock has a market capitalization of $2.33 billion, a P/E ratio of -13.36 and a beta of 1.63. Ambarella, Inc. has a 1-year low of $40.31 and a 1-year high of $89.18. The business’s 50 day moving average is $48.09 and its two-hundred day moving average is $53.34.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Morgan Stanley upped their target price on shares of Ambarella from $57.00 to $67.00 and gave the stock an “overweight” rating in a research report on Friday, May 31st. Susquehanna lifted their price target on shares of Ambarella from $70.00 to $80.00 and gave the company a “positive” rating in a research note on Wednesday, February 28th. Bank of America cut their price target on shares of Ambarella from $62.00 to $50.00 and set an “underperform” rating for the company in a research note on Tuesday, April 16th. Roth Mkm cut their price target on Ambarella from $65.00 to $60.00 and set a “neutral” rating for the company in a report on Friday, May 31st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price objective on shares of Ambarella in a report on Friday, May 31st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $69.75.

View Our Latest Analysis on Ambarella

Insider Transactions at Ambarella

In other Ambarella news, COO Chan W. Lee sold 1,075 shares of Ambarella stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $49.27, for a total transaction of $52,965.25. Following the completion of the sale, the chief operating officer now owns 124,146 shares of the company’s stock, valued at approximately $6,116,673.42. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Ambarella news, COO Chan W. Lee sold 1,075 shares of Ambarella stock in a transaction on Monday, March 18th. The shares were sold at an average price of $49.27, for a total value of $52,965.25. Following the completion of the transaction, the chief operating officer now owns 124,146 shares of the company’s stock, valued at $6,116,673.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Leslie Kohn sold 1,198 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $49.27, for a total value of $59,025.46. Following the transaction, the chief technology officer now owns 964,664 shares in the company, valued at approximately $47,528,995.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,648 shares of company stock valued at $327,595. 5.70% of the stock is currently owned by corporate insiders.

Ambarella Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Ambarella (NASDAQ:AMBA)

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