Natixis Advisors LLC Lowers Stock Position in Ambarella, Inc. (NASDAQ:AMBA)

Natixis Advisors LLC reduced its stake in shares of Ambarella, Inc. (NASDAQ:AMBA) by 3.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,786 shares of the semiconductor company’s stock after selling 432 shares during the period. Natixis Advisors LLC’s holdings in Ambarella were worth $593,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in AMBA. Sterling Capital Management LLC lifted its holdings in Ambarella by 629.3% in the 4th quarter. Sterling Capital Management LLC now owns 598 shares of the semiconductor company’s stock worth $43,000 after purchasing an additional 516 shares in the last quarter. Larson Financial Group LLC lifted its holdings in Ambarella by 111.9% in the 1st quarter. Larson Financial Group LLC now owns 1,195 shares of the semiconductor company’s stock worth $60,000 after purchasing an additional 631 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in Ambarella in the 4th quarter worth approximately $71,000. Tower Research Capital LLC TRC lifted its holdings in Ambarella by 300.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,124 shares of the semiconductor company’s stock worth $82,000 after purchasing an additional 843 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ lifted its holdings in Ambarella by 452.4% in the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 2,497 shares of the semiconductor company’s stock worth $126,000 after purchasing an additional 2,045 shares in the last quarter. 82.09% of the stock is owned by hedge funds and other institutional investors.

Ambarella Stock Performance

Ambarella stock opened at $64.36 on Tuesday. The stock has a 50-day moving average of $62.45 and a two-hundred day moving average of $59.80. Ambarella, Inc. has a one year low of $38.86 and a one year high of $85.15. The stock has a market cap of $2.73 billion, a PE ratio of -25.85 and a beta of 2.08.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AMBA. Rosenblatt Securities increased their target price on Ambarella from $87.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, May 30th. Susquehanna increased their target price on Ambarella from $80.00 to $90.00 and gave the company a “positive” rating in a research report on Tuesday, July 22nd. Stifel Nicolaus lowered their target price on Ambarella from $100.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, April 17th. Morgan Stanley cut their target price on Ambarella from $90.00 to $80.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 27th. Finally, Summit Insights raised Ambarella to a “hold” rating in a research report on Thursday, May 29th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.64.

Insider Buying and Selling at Ambarella

In other news, Director Christopher B. Paisley sold 1,000 shares of the stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $62.58, for a total value of $62,580.00. Following the transaction, the director directly owned 39,281 shares of the company’s stock, valued at approximately $2,458,204.98. This represents a 2.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.70% of the company’s stock.

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.