Cresset Asset Management LLC Has $425,000 Stock Holdings in Ambarella, Inc. $AMBA

Cresset Asset Management LLC cut its stake in Ambarella, Inc. (NASDAQ:AMBA) by 23.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,440 shares of the semiconductor company’s stock after selling 2,613 shares during the quarter. Cresset Asset Management LLC’s holdings in Ambarella were worth $425,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Larson Financial Group LLC increased its stake in shares of Ambarella by 111.9% in the first quarter. Larson Financial Group LLC now owns 1,195 shares of the semiconductor company’s stock worth $60,000 after acquiring an additional 631 shares during the last quarter. Johnson Financial Group Inc. acquired a new position in shares of Ambarella in the fourth quarter worth $71,000. Tower Research Capital LLC TRC increased its stake in shares of Ambarella by 300.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,124 shares of the semiconductor company’s stock worth $82,000 after acquiring an additional 843 shares during the last quarter. Skandinaviska Enskilda Banken AB publ increased its stake in shares of Ambarella by 452.4% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 2,497 shares of the semiconductor company’s stock worth $126,000 after acquiring an additional 2,045 shares during the last quarter. Finally, KG&L Capital Management LLC acquired a new position in shares of Ambarella in the first quarter worth $212,000. 82.09% of the stock is owned by institutional investors and hedge funds.

Ambarella Stock Performance

NASDAQ AMBA opened at $71.94 on Monday. The firm has a 50-day simple moving average of $65.10 and a 200 day simple moving average of $59.28. Ambarella, Inc. has a twelve month low of $38.86 and a twelve month high of $85.15. The stock has a market cap of $3.05 billion, a PE ratio of -28.89 and a beta of 2.08.

Insider Buying and Selling at Ambarella

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

Analyst Ratings Changes

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

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.