Ambarella, Inc. $AMBA Stake Lowered by Invesco Ltd.

Invesco Ltd. cut its stake in shares of Ambarella, Inc. (NASDAQ:AMBA) by 8.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 306,356 shares of the semiconductor company’s stock after selling 29,374 shares during the quarter. Invesco Ltd. owned approximately 0.72% of Ambarella worth $15,419,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in AMBA. Sterling Capital Management LLC raised its holdings in shares of Ambarella by 629.3% during the fourth quarter. Sterling Capital Management LLC now owns 598 shares of the semiconductor company’s stock valued at $43,000 after buying an additional 516 shares during the last quarter. Johnson Financial Group Inc. bought a new stake in shares of Ambarella during the fourth quarter valued at approximately $71,000. Tower Research Capital LLC TRC raised its holdings in shares of Ambarella by 300.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,124 shares of the semiconductor company’s stock valued at $82,000 after buying an additional 843 shares during the last quarter. Larson Financial Group LLC raised its holdings in shares of Ambarella by 111.9% during the first quarter. Larson Financial Group LLC now owns 1,195 shares of the semiconductor company’s stock valued at $60,000 after buying an additional 631 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Ambarella by 452.4% during the first quarter. Skandinaviska Enskilda Banken AB publ now owns 2,497 shares of the semiconductor company’s stock valued at $126,000 after buying an additional 2,045 shares during the last quarter. 82.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on AMBA shares. Morgan Stanley cut their price target on Ambarella from $90.00 to $80.00 and set an “overweight” rating on the stock in a report on Tuesday, May 27th. Susquehanna lifted their price target on Ambarella from $80.00 to $90.00 and gave the company a “positive” rating in a report on Tuesday, July 22nd. Needham & Company LLC cut their price target on Ambarella from $110.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, May 30th. Summit Insights raised Ambarella to a “hold” rating in a report on Thursday, May 29th. Finally, Rosenblatt Securities increased their price objective on shares of Ambarella from $87.00 to $95.00 and gave the company a “buy” rating in a report on Friday, May 30th. Eight research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $83.64.

Ambarella Price Performance

NASDAQ AMBA opened at $71.94 on Friday. Ambarella, Inc. has a 12 month low of $38.86 and a 12 month high of $85.15. The firm has a market capitalization of $3.05 billion, a PE ratio of -28.89 and a beta of 2.08. The company’s 50 day simple moving average is $65.10 and its 200 day simple moving average is $59.55.

Insider Buying and Selling

In related news, Director Christopher B. Paisley sold 1,000 shares of the stock in a transaction that occurred on Wednesday, June 25th. The shares were 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 represents a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.30% of the stock is currently owned by corporate insiders.

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.