GSA Capital Partners LLP Has $392,000 Stock Holdings in Ambarella, Inc. (NASDAQ:AMBA)

GSA Capital Partners LLP lessened its position in Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 68.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,948 shares of the semiconductor company's stock after selling 15,173 shares during the period. GSA Capital Partners LLP's holdings in Ambarella were worth $392,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Meeder Asset Management Inc. acquired a new stake in shares of Ambarella in the second quarter valued at about $26,000. Blue Trust Inc. boosted its position in Ambarella by 180.3% during the third 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 period. CWM LLC grew 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 during the last quarter. Signaturefd LLC raised its holdings in Ambarella by 389.6% in the 3rd quarter. Signaturefd LLC now owns 661 shares of the semiconductor company's stock valued at $37,000 after acquiring an additional 526 shares during the period. Finally, Van ECK Associates Corp lifted its position in Ambarella by 62.1% during the second quarter. Van ECK Associates Corp now owns 1,441 shares of the semiconductor company's stock worth $78,000 after acquiring an additional 552 shares during the last quarter. 82.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AMBA. TD Cowen increased their target price on Ambarella from $65.00 to $75.00 and gave the stock a "hold" rating in a research note on Wednesday, August 28th. Craig Hallum lifted their target price on Ambarella from $80.00 to $85.00 and gave the stock a "buy" rating in a report on Wednesday, August 28th. Needham & Company LLC restated a "buy" rating and issued a $90.00 price target on shares of Ambarella in a research note on Wednesday, August 28th. Susquehanna dropped their price objective on shares of Ambarella from $80.00 to $70.00 and set a "positive" rating for the company in a research note on Monday, October 21st. Finally, Morgan Stanley increased their target price on shares of Ambarella from $67.00 to $73.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 28th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $74.09.

Ambarella Stock Performance

Shares of Ambarella stock traded up $2.32 during trading on Friday, reaching $63.62. 498,573 shares of the company's stock were exchanged, compared to its average volume of 568,508. The firm's 50-day moving average price is $57.46 and its 200 day moving average price is $54.36. The company has a market cap of $2.63 billion, a P/E ratio of -14.19 and a beta of 1.63. Ambarella, Inc. has a 1-year low of $39.69 and a 1-year high of $65.88.

Ambarella (NASDAQ:AMBA - Get Free Report) last posted its earnings results on Tuesday, August 27th. The semiconductor company reported ($0.13) EPS for the quarter, topping analysts' consensus estimates of ($0.19) by $0.06. Ambarella had a negative net margin of 79.46% and a negative return on equity of 26.01%. The firm had revenue of $63.70 million during the quarter, compared to analysts' expectations of $62.10 million. During the same quarter in the prior year, the business earned ($0.76) earnings per share. The business's revenue for the quarter was up 2.6% compared to the same quarter last year. As a group, equities research analysts predict that Ambarella, Inc. will post -3 EPS for the current year.

Insiders Place Their Bets

In related news, CFO John Alexander Young sold 2,139 shares of Ambarella stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $53.54, for a total transaction of $114,522.06. Following the completion of the transaction, the chief financial officer now owns 103,529 shares of the company's stock, valued at $5,542,942.66. This trade represents a 2.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Christopher Day sold 2,904 shares of the business's stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $58.00, for a total transaction of $168,432.00. Following the completion of the transaction, the vice president now owns 18,466 shares in the company, valued at approximately $1,071,028. The trade was a 13.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 24,423 shares of company stock valued at $1,356,402 in the last 90 days. Corporate insiders own 5.70% of the company's stock.

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.