Ambarella, Inc. (NASDAQ:AMBA) Stake Raised by Invesco Ltd.

Invesco Ltd. raised its holdings in shares of Ambarella, Inc. (NASDAQ:AMBA) by 736.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 335,730 shares of the semiconductor company’s stock after acquiring an additional 295,606 shares during the period. Invesco Ltd.’s holdings in Ambarella were worth $24,421,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in AMBA. Skandinaviska Enskilda Banken AB publ grew its position in Ambarella by 68.7% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 184 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of Ambarella in the fourth quarter valued at approximately $37,000. SBI Securities Co. Ltd. acquired a new position in shares of Ambarella during the fourth quarter valued at approximately $53,000. R Squared Ltd acquired a new stake in Ambarella in the fourth quarter worth approximately $68,000. Finally, National Bank of Canada FI bought a new position in Ambarella during the 4th quarter valued at $69,000. Institutional investors and hedge funds own 82.09% of the company’s stock.

Ambarella Trading Down 1.1 %

Shares of NASDAQ AMBA opened at $43.11 on Friday. The firm has a market capitalization of $1.83 billion, a PE ratio of -11.17 and a beta of 1.86. Ambarella, Inc. has a one year low of $38.86 and a one year high of $85.15. The business has a 50-day moving average price of $56.41 and a two-hundred day moving average price of $64.13.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AMBA. Susquehanna boosted their price target on shares of Ambarella from $95.00 to $100.00 and gave the stock a “positive” rating in a research report on Wednesday, January 22nd. Rosenblatt Securities reissued a “buy” rating and set a $100.00 target price on shares of Ambarella in a research note on Thursday, February 27th. Needham & Company LLC lifted their price target on shares of Ambarella from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. StockNews.com upgraded Ambarella from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. Finally, Stifel Nicolaus decreased their target price on Ambarella from $100.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $85.00.

Insider Activity at Ambarella

In other Ambarella news, Director Christopher B. Paisley sold 500 shares of the business’s stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $55.50, for a total value of $27,750.00. Following the transaction, the director now owns 40,281 shares in the company, valued at $2,235,595.50. The trade was a 1.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Feng-Ming Wang sold 3,194 shares of Ambarella stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $55.02, for a total value of $175,733.88. Following the sale, the chief executive officer now owns 798,311 shares of the company’s stock, valued at approximately $43,923,071.22. This represents a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,328 shares of company stock valued at $513,467. Corporate insiders own 5.70% of the company’s stock.

Ambarella 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.