Numerai GP LLC Has $1.18 Million Position in Ambarella, Inc. (NASDAQ:AMBA)

Numerai GP LLC lessened its position in Ambarella, Inc. (NASDAQ:AMBA) by 61.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,260 shares of the semiconductor company’s stock after selling 26,466 shares during the period. Numerai GP LLC’s holdings in Ambarella were worth $1,183,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of AMBA. Fuller & Thaler Asset Management Inc. bought a new stake in Ambarella in the fourth quarter valued at approximately $52,770,000. Invesco Ltd. increased its position in shares of Ambarella by 736.7% during the fourth quarter. Invesco Ltd. now owns 335,730 shares of the semiconductor company’s stock worth $24,421,000 after acquiring an additional 295,606 shares in the last quarter. Barclays PLC increased its position in shares of Ambarella by 281.3% during the third quarter. Barclays PLC now owns 388,090 shares of the semiconductor company’s stock worth $21,891,000 after acquiring an additional 286,296 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of Ambarella by 345.2% during the fourth quarter. Alliancebernstein L.P. now owns 189,235 shares of the semiconductor company’s stock worth $13,765,000 after acquiring an additional 146,729 shares in the last quarter. Finally, Millennium Management LLC increased its position in shares of Ambarella by 11.5% during the fourth quarter. Millennium Management LLC now owns 1,394,192 shares of the semiconductor company’s stock worth $101,414,000 after acquiring an additional 144,268 shares in the last quarter. Institutional investors own 82.09% of the company’s stock.

Ambarella Stock Performance

NASDAQ:AMBA opened at $60.66 on Wednesday. Ambarella, Inc. has a 52 week low of $38.86 and a 52 week high of $85.15. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of -15.71 and a beta of 1.99. The firm’s 50-day simple moving average is $48.97 and its 200 day simple moving average is $63.20.

Insider Buying and Selling at Ambarella

In related news, VP Christopher Day sold 479 shares of Ambarella stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $55.02, for a total transaction of $26,354.58. Following the sale, the vice president now directly owns 15,441 shares in the company, valued at $849,563.82. This trade represents a 3.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christopher B. Paisley sold 500 shares of Ambarella stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $55.50, for a total transaction of $27,750.00. Following the sale, the director now owns 40,281 shares in the company, valued at approximately $2,235,595.50. This represents a 1.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,328 shares of company stock valued at $513,467 in the last ninety days. 5.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

AMBA has been the subject of several recent research reports. StockNews.com upgraded shares of Ambarella from a “sell” rating to a “hold” rating in a report on Friday, February 28th. Needham & Company LLC increased their target price on shares of Ambarella from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Susquehanna increased their target price on shares of Ambarella from $95.00 to $100.00 and gave the stock a “positive” rating in a report on Wednesday, January 22nd. Rosenblatt Securities reiterated a “buy” rating and issued a $100.00 price target on shares of Ambarella in a research note on Thursday, February 27th. Finally, Stifel Nicolaus cut their price target on shares of Ambarella from $100.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Ambarella currently has an average rating of “Moderate Buy” and a consensus target price of $85.00.

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.