Quantbot Technologies LP Has $1.06 Million Stock Holdings in Ambarella, Inc. (NASDAQ:AMBA)

Quantbot Technologies LP lessened its stake in shares of Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 28.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,872 shares of the semiconductor company's stock after selling 7,649 shares during the period. Quantbot Technologies LP's holdings in Ambarella were worth $1,064,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of Ambarella by 7.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 20,575 shares of the semiconductor company's stock worth $1,045,000 after buying an additional 1,502 shares during the last quarter. CWM LLC boosted its holdings in Ambarella by 127.7% in the 2nd quarter. CWM LLC now owns 542 shares of the semiconductor company's stock valued at $29,000 after purchasing an additional 304 shares during the period. Linden Thomas Advisory Services LLC grew its position in Ambarella by 1.7% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 17,522 shares of the semiconductor company's stock worth $945,000 after purchasing an additional 288 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Ambarella during the 2nd quarter worth about $841,000. Finally, SWS Partners raised its position in shares of Ambarella by 25.3% during the second quarter. SWS Partners now owns 79,522 shares of the semiconductor company's stock valued at $4,290,000 after buying an additional 16,049 shares during the last quarter. 82.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMBA has been the topic of a number of research reports. Roth Mkm restated a "neutral" rating and set a $60.00 price objective on shares of Ambarella in a research report on Wednesday, August 28th. Needham & Company LLC lifted their price target on shares of Ambarella from $90.00 to $100.00 and gave the company a "buy" rating in a report on Wednesday. Westpark Capital restated a "buy" rating and set a $85.00 target price on shares of Ambarella in a report on Monday, August 26th. Susquehanna lifted their price target on Ambarella from $70.00 to $85.00 and gave the company a "positive" rating in a report on Wednesday. Finally, Bank of America increased their price objective on shares of Ambarella from $57.00 to $65.00 and gave the stock an "underperform" rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $81.67.

Ambarella Price Performance

AMBA stock traded down $0.89 during midday trading on Friday, reaching $71.55. The company's stock had a trading volume of 989,288 shares, compared to its average volume of 699,736. The business's 50-day simple moving average is $59.27 and its 200-day simple moving average is $55.37. Ambarella, Inc. has a 52 week low of $39.69 and a 52 week high of $81.32.

Insiders Place Their Bets

In related news, CFO John Alexander Young sold 2,139 shares of the company's stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $53.54, for a total value of $114,522.06. Following the completion of the sale, the chief financial officer now owns 103,529 shares in the company, valued at $5,542,942.66. This represents a 2.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Christopher Day sold 2,904 shares of the firm's stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $58.00, for a total value of $168,432.00. Following the sale, the vice president now directly owns 18,466 shares in the company, valued at approximately $1,071,028. This represents a 13.59 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,423 shares of company stock worth $1,356,402. Insiders own 5.70% of the company's stock.

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.