Ambarella, Inc. (NASDAQ:AMBA) Position Raised by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its stake in shares of Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 23.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 41,310 shares of the semiconductor company's stock after acquiring an additional 7,783 shares during the period. BNP Paribas Financial Markets owned about 0.10% of Ambarella worth $2,330,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of AMBA. Meeder Asset Management Inc. acquired a new position in Ambarella during the second quarter worth about $26,000. Blue Trust Inc. raised its position in shares of Ambarella by 180.3% during the 3rd quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company's stock worth $27,000 after purchasing an additional 321 shares during the last quarter. CWM LLC lifted its stake 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 buying an additional 304 shares in the last quarter. Signaturefd LLC grew its holdings in Ambarella by 389.6% during the 3rd quarter. Signaturefd LLC now owns 661 shares of the semiconductor company's stock valued at $37,000 after buying an additional 526 shares during the last quarter. Finally, Larson Financial Group LLC increased its position in Ambarella by 6,014.3% during the third quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company's stock worth $48,000 after buying an additional 842 shares in the last quarter. Hedge funds and other institutional investors own 82.09% of the company's stock.

Ambarella Price Performance

AMBA stock traded up $2.38 during trading on Friday, reaching $71.70. 526,821 shares of the stock traded hands, compared to its average volume of 847,092. The business's 50 day moving average price is $60.84 and its 200-day moving average price is $56.11. Ambarella, Inc. has a 52-week low of $39.69 and a 52-week high of $81.32.

Wall Street Analysts Forecast Growth

AMBA has been the topic of several recent research reports. Bank of America upped their price objective on Ambarella from $57.00 to $65.00 and gave the company an "underperform" rating in a research report on Wednesday, November 27th. Needham & Company LLC raised their price target on shares of Ambarella from $90.00 to $100.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. Morgan Stanley boosted their price objective on shares of Ambarella from $73.00 to $90.00 and gave the company an "overweight" rating in a research report on Wednesday, November 27th. Rosenblatt Securities restated a "buy" rating and set a $100.00 target price on shares of Ambarella in a research report on Friday. Finally, Roth Mkm reiterated a "neutral" rating and issued a $60.00 price target on shares of Ambarella in a report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $82.92.

Insider Transactions at Ambarella

In other Ambarella news, CTO Leslie Kohn sold 1,608 shares of the company's stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $53.54, for a total value of $86,092.32. Following the completion of the transaction, the chief technology officer now owns 961,433 shares in the company, valued at $51,475,122.82. This represents a 0.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO John Alexander Young sold 2,139 shares of Ambarella stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $53.54, for a total value of $114,522.06. Following 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,356 shares of company stock worth $859,210. 5.70% of the stock is currently owned by company insiders.

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.