Ambarella, Inc. $AMBA Holdings Raised by Northern Trust Corp

Northern Trust Corp lifted its stake in shares of Ambarella, Inc. (NASDAQ:AMBA) by 1.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 386,686 shares of the semiconductor company’s stock after purchasing an additional 3,650 shares during the quarter. Northern Trust Corp owned about 0.91% of Ambarella worth $19,462,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Algert Global LLC raised its stake in shares of Ambarella by 14.3% during the first quarter. Algert Global LLC now owns 238,301 shares of the semiconductor company’s stock valued at $11,994,000 after purchasing an additional 29,870 shares in the last quarter. Fox Run Management L.L.C. raised its stake in shares of Ambarella by 46.9% during the first quarter. Fox Run Management L.L.C. now owns 8,808 shares of the semiconductor company’s stock valued at $443,000 after purchasing an additional 2,811 shares in the last quarter. Lord Abbett & CO. LLC grew its holdings in Ambarella by 34.0% during the first quarter. Lord Abbett & CO. LLC now owns 178,299 shares of the semiconductor company’s stock worth $8,974,000 after acquiring an additional 45,239 shares during the period. Neuberger Berman Group LLC grew its holdings in Ambarella by 137.9% during the first quarter. Neuberger Berman Group LLC now owns 120,704 shares of the semiconductor company’s stock worth $6,075,000 after acquiring an additional 69,960 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in Ambarella by 232.6% during the first quarter. Russell Investments Group Ltd. now owns 75,169 shares of the semiconductor company’s stock worth $3,783,000 after acquiring an additional 52,570 shares during the period. 82.09% of the stock is currently owned by institutional investors.

Ambarella Trading Up 16.8%

Shares of AMBA opened at $82.48 on Tuesday. The business’s 50-day moving average price is $67.80 and its 200 day moving average price is $59.24. The stock has a market capitalization of $3.50 billion, a P/E ratio of -39.09 and a beta of 2.08. Ambarella, Inc. has a 1-year low of $38.86 and a 1-year high of $93.44.

Insiders Place Their Bets

In related news, Director Christopher B. Paisley sold 1,000 shares of Ambarella 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 owned 39,281 shares of the company’s stock, valued at approximately $2,458,204.98. This trade represents a 2.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 5.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Rosenblatt Securities lifted their target price on Ambarella from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Friday. Needham & Company LLC lifted their target price on Ambarella from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Friday. Oppenheimer reaffirmed a “market perform” rating on shares of Ambarella in a report on Friday. Morgan Stanley lifted their target price on Ambarella from $80.00 to $96.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Summit Insights raised Ambarella from a “hold” rating to a “buy” rating in a report on Friday. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $93.88.

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.