GAMMA Investing LLC Acquires 15,922 Shares of Ambarella, Inc. (NASDAQ:AMBA)

GAMMA Investing LLC boosted its holdings in shares of Ambarella, Inc. (NASDAQ:AMBA) by 6,804.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,156 shares of the semiconductor company’s stock after acquiring an additional 15,922 shares during the period. GAMMA Investing LLC’s holdings in Ambarella were worth $813,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in Ambarella by 1.8% during the fourth 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 last quarter. The Manufacturers Life Insurance Company grew its holdings in Ambarella by 7.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,452,128 shares of the semiconductor company’s stock worth $105,628,000 after acquiring an additional 98,841 shares during the period. Millennium Management LLC boosted its position in shares of Ambarella by 11.5% during the 4th quarter. Millennium Management LLC now owns 1,394,192 shares of the semiconductor company’s stock worth $101,414,000 after purchasing an additional 144,268 shares in the last quarter. William Blair Investment Management LLC boosted its stake in Ambarella by 8.9% during the 4th quarter. William Blair Investment Management LLC now owns 829,052 shares of the semiconductor company’s stock valued at $60,305,000 after purchasing an additional 68,044 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. bought a new stake in Ambarella during the fourth quarter worth $52,770,000. 82.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Stifel Nicolaus lowered their price target on shares of Ambarella from $100.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. Rosenblatt Securities upped their price objective on shares of Ambarella from $87.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, May 30th. Summit Insights upgraded shares of Ambarella to a “hold” rating in a report on Thursday, May 29th. Morgan Stanley dropped their price target on shares of Ambarella from $90.00 to $80.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 27th. Finally, Needham & Company LLC reduced their target price on shares of Ambarella from $110.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, May 30th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Ambarella presently has an average rating of “Moderate Buy” and a consensus price target of $84.55.

Ambarella Stock Performance

Shares of AMBA opened at $52.39 on Wednesday. The stock has a market capitalization of $2.22 billion, a PE ratio of -21.04 and a beta of 1.99. Ambarella, Inc. has a fifty-two week low of $38.86 and a fifty-two week high of $85.15. The company has a 50 day moving average price of $52.71 and a 200-day moving average price of $62.51.

Insider Buying and Selling at Ambarella

In related news, Director Christopher B. Paisley sold 500 shares of the firm’s stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $55.50, for a total transaction of $27,750.00. Following the completion of the transaction, the director now owns 40,281 shares of the company’s stock, valued at $2,235,595.50. This trade represents a 1.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.70% of the stock is owned by 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.