Ambarella, Inc. (NASDAQ:AMBA) Position Decreased by Capital Fund Management S.A.

Capital Fund Management S.A. lowered its position in Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 18.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 56,440 shares of the semiconductor company's stock after selling 13,188 shares during the quarter. Capital Fund Management S.A. owned about 0.14% of Ambarella worth $4,105,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMBA. Skandinaviska Enskilda Banken AB publ increased its stake in Ambarella by 68.7% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company's stock worth $32,000 after buying 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 $37,000. SBI Securities Co. Ltd. purchased a new stake in shares of Ambarella during the fourth quarter worth $53,000. R Squared Ltd acquired a new stake in shares of Ambarella in the fourth quarter valued at $68,000. Finally, National Bank of Canada FI purchased a new position in Ambarella in the fourth quarter valued at $69,000. 82.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO John Alexander Young sold 2,103 shares of the business's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $55.02, for a total transaction of $115,707.06. Following the completion of the transaction, the chief financial officer now owns 113,886 shares of the company's stock, valued at approximately $6,266,007.72. The trade was a 1.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Christopher B. Paisley sold 500 shares of the company's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $55.50, for a total transaction of $27,750.00. Following the transaction, the director now owns 40,281 shares of the company's stock, valued at $2,235,595.50. This represents a 1.23 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 9,328 shares of company stock valued at $513,467. Company insiders own 5.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on AMBA shares. Stifel Nicolaus decreased their price objective on Ambarella from $100.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday. Needham & Company LLC upped their target price on shares of Ambarella from $100.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Susquehanna lifted their price target on shares of Ambarella from $95.00 to $100.00 and gave the stock a "positive" rating in a research note on Wednesday, January 22nd. StockNews.com upgraded shares of Ambarella from a "sell" rating to a "hold" rating in a research note on Friday, February 28th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $100.00 target price on shares of Ambarella in a research report on Thursday, February 27th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, Ambarella currently has an average rating of "Moderate Buy" and an average price target of $85.00.

Ambarella Price Performance

Shares of AMBA stock traded down $0.49 on Friday, hitting $43.11. 446,325 shares of the stock traded hands, compared to its average volume of 689,168. Ambarella, Inc. has a 1-year low of $38.86 and a 1-year high of $85.15. The company's fifty day moving average is $56.41 and its 200 day moving average is $64.13. The company has a market capitalization of $1.83 billion, a PE ratio of -11.17 and a beta of 1.86.

About Ambarella

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.