Trexquant Investment LP Decreases Holdings in Ambarella, Inc. (NASDAQ:AMBA)

Trexquant Investment LP decreased its position in Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 71.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 30,779 shares of the semiconductor company's stock after selling 78,641 shares during the period. Trexquant Investment LP owned 0.07% of Ambarella worth $2,239,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of AMBA. Skandinaviska Enskilda Banken AB publ grew its position in Ambarella by 68.7% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company's stock valued at $32,000 after buying an additional 184 shares during the period. SBI Securities Co. Ltd. purchased a new position in Ambarella in the fourth quarter valued at about $53,000. R Squared Ltd bought a new position in shares of Ambarella during the 4th quarter valued at approximately $68,000. National Bank of Canada FI purchased a new stake in shares of Ambarella during the 4th quarter worth approximately $69,000. Finally, Pacer Advisors Inc. increased its stake in shares of Ambarella by 24.2% during the 4th quarter. Pacer Advisors Inc. now owns 965 shares of the semiconductor company's stock worth $70,000 after purchasing an additional 188 shares during the last quarter. Institutional investors own 82.09% of the company's stock.

Ambarella Trading Up 0.9 %

Shares of AMBA traded up $0.41 during mid-day trading on Friday, reaching $44.03. 639,904 shares of the stock traded hands, compared to its average volume of 691,269. The company has a market cap of $1.87 billion, a price-to-earnings ratio of -11.41 and a beta of 1.86. Ambarella, Inc. has a 1 year low of $38.86 and a 1 year high of $85.15. The firm has a fifty day moving average price of $59.68 and a 200 day moving average price of $64.61.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on AMBA shares. StockNews.com raised Ambarella from a "sell" rating to a "hold" rating in a report on Friday, February 28th. Needham & Company LLC boosted their price objective on Ambarella from $100.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Bank of America raised shares of Ambarella from an "underperform" rating to a "neutral" rating and set a $80.00 price objective on the stock in a report on Monday, December 16th. Rosenblatt Securities reiterated a "buy" rating and issued a $100.00 target price on shares of Ambarella in a research note on Thursday, February 27th. Finally, Stifel Nicolaus upped their price target on shares of Ambarella from $95.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Ambarella currently has an average rating of "Moderate Buy" and a consensus price target of $86.67.

Insider Buying and Selling

In related news, VP Christopher Day sold 479 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $55.02, for a total value of $26,354.58. Following the transaction, the vice president now owns 15,441 shares of the company's stock, valued at $849,563.82. This represents a 3.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Chan W. Lee sold 1,000 shares of the firm's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $75.90, for a total value of $75,900.00. Following the sale, the chief operating officer now owns 110,918 shares in the company, valued at $8,418,676.20. The trade was a 0.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,328 shares of company stock worth $662,867 over the last ninety days. 5.70% of the stock is owned by corporate insiders.

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.