Ambarella, Inc. $AMBA Stake Lifted by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its stake in shares of Ambarella, Inc. (NASDAQ:AMBA) by 232.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,169 shares of the semiconductor company’s stock after buying an additional 52,570 shares during the quarter. Russell Investments Group Ltd. owned about 0.18% of Ambarella worth $3,783,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in AMBA. Sterling Capital Management LLC grew its stake in Ambarella by 629.3% during the 4th quarter. Sterling Capital Management LLC now owns 598 shares of the semiconductor company’s stock worth $43,000 after buying an additional 516 shares during the last quarter. Larson Financial Group LLC grew its stake in Ambarella by 111.9% during the 1st quarter. Larson Financial Group LLC now owns 1,195 shares of the semiconductor company’s stock worth $60,000 after buying an additional 631 shares during the last quarter. Johnson Financial Group Inc. acquired a new stake in Ambarella in the 4th quarter valued at approximately $71,000. Tower Research Capital LLC TRC increased its position 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 valued at $82,000 after acquiring an additional 843 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ increased its position 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 valued at $126,000 after acquiring an additional 2,045 shares during the period. 82.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the company. Rosenblatt Securities raised 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. Morgan Stanley lowered 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. Summit Insights upgraded Ambarella to a “hold” rating in a research report on Thursday, May 29th. Needham & Company LLC lowered their target price on Ambarella from $110.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, May 30th. Finally, Susquehanna raised 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. Eight equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $83.64.

Ambarella Stock Up 9.0%

AMBA opened at $71.94 on Friday. The firm has a market cap of $3.05 billion, a PE ratio of -28.89 and a beta of 2.08. The business has a fifty day simple moving average of $65.10 and a 200-day simple moving average of $59.55. Ambarella, Inc. has a fifty-two week low of $38.86 and a fifty-two week high of $85.15.

Insider Buying and Selling at Ambarella

In other news, Director Christopher B. Paisley sold 1,000 shares of the firm’s stock in a transaction 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 sale, the director directly owned 39,281 shares of the company’s stock, valued at $2,458,204.98. This trade represents a 2.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 5.30% of the stock is currently owned by corporate 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.