Invesco Ltd. Buys 295,606 Shares of Ambarella, Inc. (NASDAQ:AMBA)

Invesco Ltd. boosted its holdings in Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 736.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 335,730 shares of the semiconductor company's stock after purchasing an additional 295,606 shares during the quarter. Invesco Ltd. owned about 0.81% of Ambarella worth $24,421,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Ambarella by 68.7% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company's stock valued at $32,000 after acquiring an additional 184 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Ambarella during the fourth quarter worth approximately $37,000. SBI Securities Co. Ltd. bought a new stake in shares of Ambarella in the 4th quarter valued at approximately $53,000. R Squared Ltd bought a new position in Ambarella in the 4th quarter worth $68,000. Finally, National Bank of Canada FI acquired a new position in shares of Ambarella during the fourth quarter valued at about $69,000. 82.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AMBA has been the topic of a number of recent analyst reports. Stifel Nicolaus reduced their price target on shares of Ambarella from $100.00 to $80.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Susquehanna boosted their price objective on Ambarella from $95.00 to $100.00 and gave the company a "positive" rating in a research report on Wednesday, January 22nd. Needham & Company LLC upped their price objective on Ambarella from $100.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Rosenblatt Securities reiterated a "buy" rating and issued a $100.00 price target on shares of Ambarella in a research note on Thursday, February 27th. Finally, StockNews.com raised shares of Ambarella from a "sell" rating to a "hold" rating in a report on Friday, February 28th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Ambarella presently has a consensus rating of "Moderate Buy" and a consensus price target of $85.00.

Ambarella Price Performance

AMBA stock traded up $2.91 during mid-day trading on Thursday, reaching $45.93. 138,543 shares of the company traded hands, compared to its average volume of 695,104. The company has a fifty day moving average price of $54.35 and a 200-day moving average price of $63.83. Ambarella, Inc. has a 52-week low of $38.86 and a 52-week high of $85.15. The company has a market capitalization of $1.95 billion, a P/E ratio of -11.87 and a beta of 1.86.

Insider Buying and Selling at Ambarella

In related news, VP Christopher Day sold 479 shares of the business's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $55.02, for a total transaction of $26,354.58. Following the sale, the vice president now owns 15,441 shares of the company's stock, valued at $849,563.82. The trade was a 3.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Leslie Kohn sold 1,584 shares of the firm's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $55.02, for a total value of $87,151.68. Following the transaction, the chief technology officer now owns 981,392 shares of the company's stock, valued at $53,996,187.84. The trade was a 0.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,328 shares of company stock valued at $513,467 in the last 90 days. Corporate insiders own 5.70% of the company's stock.

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.