XTX Topco Ltd Acquires New Position in Ambarella, Inc. (NASDAQ:AMBA)

XTX Topco Ltd purchased a new position in Ambarella, Inc. (NASDAQ:AMBA - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,938 shares of the semiconductor company's stock, valued at approximately $843,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMBA. Meeder Asset Management Inc. purchased a new stake in shares of Ambarella in the second quarter worth about $26,000. Blue Trust Inc. increased its position in shares of Ambarella by 180.3% in 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 last quarter. CWM LLC increased its position in shares of Ambarella by 127.7% in the second quarter. CWM LLC now owns 542 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 304 shares during the last quarter. Signaturefd LLC increased its position in shares of Ambarella by 389.6% in the third quarter. Signaturefd LLC now owns 661 shares of the semiconductor company's stock worth $37,000 after purchasing an additional 526 shares during the last quarter. Finally, Larson Financial Group LLC increased its position in shares of Ambarella by 6,014.3% in the third quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company's stock worth $48,000 after purchasing an additional 842 shares during the last quarter. 82.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on AMBA shares. Susquehanna upped their price objective on shares of Ambarella from $70.00 to $85.00 and gave the stock a "positive" rating in a research report on Wednesday, November 27th. Needham & Company LLC increased their price target on shares of Ambarella from $90.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. Northland Securities reiterated an "outperform" rating and set a $95.00 price target (up from $75.00) on shares of Ambarella in a research report on Wednesday, November 27th. StockNews.com cut shares of Ambarella from a "hold" rating to a "sell" rating in a research report on Tuesday. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $100.00 price target on shares of Ambarella in a research report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $82.92.

Insider Buying and Selling

In other Ambarella news, VP Christopher Day sold 483 shares of the business's stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $53.54, for a total transaction of $25,859.82. Following the completion of the sale, the vice president now directly owns 21,370 shares in the company, valued at $1,144,149.80. The trade was a 2.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Chi-Hong Ju sold 5,118 shares of the business's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $75.71, for a total value of $387,483.78. Following the sale, the vice president now owns 158,686 shares of the company's stock, valued at approximately $12,014,117.06. This represents a 3.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,474 shares of company stock worth $1,246,694. 5.70% of the stock is owned by corporate insiders.

Ambarella Price Performance

NASDAQ AMBA traded up $0.09 during trading hours on Wednesday, hitting $72.31. The company's stock had a trading volume of 577,909 shares, compared to its average volume of 607,277. Ambarella, Inc. has a 12 month low of $39.69 and a 12 month high of $81.32. The company's 50 day simple moving average is $61.88 and its two-hundred day simple moving average is $56.64. The company has a market cap of $2.98 billion, a P/E ratio of -18.73 and a beta of 1.68.

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.