FNY Investment Advisers LLC Boosts Stock Position in Ambarella, Inc. (NASDAQ:AMBA)

FNY Investment Advisers LLC lifted its position in shares of Ambarella, Inc. (NASDAQ:AMBA) by 110.1% in the first quarter, HoldingsChannel.com reports. The firm owned 4,724 shares of the semiconductor company’s stock after purchasing an additional 2,476 shares during the period. FNY Investment Advisers LLC’s holdings in Ambarella were worth $237,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Ambarella by 68.7% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 184 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in shares of Ambarella during the fourth quarter worth about $37,000. Sterling Capital Management LLC boosted 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 worth $43,000 after purchasing an additional 516 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Ambarella during the fourth quarter worth about $53,000. Finally, Johnson Financial Group Inc. purchased a new stake in Ambarella in the fourth quarter worth about $71,000. 82.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Wall Street Zen upgraded shares of Ambarella from a “sell” rating to a “hold” rating in a report on Friday, February 28th. Morgan Stanley lowered their price objective on shares of Ambarella from $90.00 to $80.00 and set an “overweight” rating for the company in a report on Tuesday, May 27th. Needham & Company LLC lowered their price objective on shares of Ambarella from $110.00 to $90.00 and set a “buy” rating for the company in a report on Friday, May 30th. Rosenblatt Securities raised their price objective on shares of Ambarella from $87.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, May 30th. Finally, Summit Insights raised shares of Ambarella to a “hold” rating in a research note on Thursday, May 29th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $84.55.

Insiders Place Their Bets

In other news, Director Christopher B. Paisley sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $55.50, for a total value of $27,750.00. Following the completion of the sale, the director now owns 40,281 shares of the company’s stock, valued at approximately $2,235,595.50. This represents a 1.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.30% of the company’s stock.

Ambarella Trading Up 3.3%

Shares of NASDAQ:AMBA opened at $52.39 on Tuesday. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of -13.57 and a beta of 1.99. Ambarella, Inc. has a 12 month low of $38.86 and a 12 month high of $85.15. The firm’s 50-day moving average is $52.62 and its 200 day moving average is $62.58.

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.