ExodusPoint Capital Management LP Buys 10,182 Shares of Ambarella, Inc. (NASDAQ:AMBA)

ExodusPoint Capital Management LP increased its stake in Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 97.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,664 shares of the semiconductor company's stock after buying an additional 10,182 shares during the quarter. ExodusPoint Capital Management LP's holdings in Ambarella were worth $1,503,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Ambarella by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 4,696,124 shares of the semiconductor company's stock valued at $341,596,000 after acquiring an additional 81,557 shares during the period. State Street Corp grew its holdings in Ambarella by 2.6% during the third quarter. State Street Corp now owns 1,924,235 shares of the semiconductor company's stock worth $108,536,000 after purchasing an additional 47,856 shares during the period. Geode Capital Management LLC increased its position in Ambarella by 1.6% during the third quarter. Geode Capital Management LLC now owns 916,757 shares of the semiconductor company's stock worth $51,719,000 after buying an additional 14,568 shares during the last quarter. William Blair Investment Management LLC raised its stake in Ambarella by 8.9% in the fourth quarter. William Blair Investment Management LLC now owns 829,052 shares of the semiconductor company's stock valued at $60,305,000 after buying an additional 68,044 shares during the period. Finally, Stephens Investment Management Group LLC lifted its position in shares of Ambarella by 0.5% in the fourth quarter. Stephens Investment Management Group LLC now owns 503,468 shares of the semiconductor company's stock valued at $36,622,000 after buying an additional 2,432 shares during the last quarter. 82.09% of the stock is owned by institutional investors.

Insider Activity at Ambarella

In other Ambarella news, Director Christopher B. Paisley sold 500 shares of the company's stock in a transaction 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 completion of the sale, the director now directly owns 40,281 shares in the company, valued at $2,235,595.50. This represents a 1.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Chan W. Lee sold 1,000 shares of the firm's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $75.90, for a total value of $75,900.00. Following the completion of the sale, the chief operating officer now directly owns 110,918 shares in the company, valued at approximately $8,418,676.20. This represents a 0.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,328 shares of company stock valued at $589,367 over the last quarter. 5.70% of the stock is owned by corporate insiders.

Ambarella Stock Up 1.7 %

Shares of NASDAQ:AMBA traded up $0.76 during trading on Tuesday, reaching $45.56. 108,829 shares of the company traded hands, compared to its average volume of 688,577. The firm has a market capitalization of $1.93 billion, a PE ratio of -11.82 and a beta of 1.86. Ambarella, Inc. has a 52 week low of $38.86 and a 52 week high of $85.15. The company's 50 day moving average is $59.00 and its two-hundred day moving average is $64.58.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on AMBA shares. Stifel Nicolaus boosted their target price on Ambarella from $95.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Rosenblatt Securities reissued a "buy" rating and issued a $100.00 price objective on shares of Ambarella in a research report on Thursday, February 27th. Susquehanna lifted 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. StockNews.com raised shares of Ambarella from a "sell" rating to a "hold" rating in a report on Friday, February 28th. Finally, Needham & Company LLC boosted their price objective on Ambarella from $100.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Five 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 stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $86.67.

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.