XTX Topco Ltd Sells 8,412 Shares of Ambarella, Inc. (NASDAQ:AMBA)

XTX Topco Ltd lowered its holdings in Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 56.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,526 shares of the semiconductor company's stock after selling 8,412 shares during the quarter. XTX Topco Ltd's holdings in Ambarella were worth $475,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Skandinaviska Enskilda Banken AB publ grew its holdings 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 acquiring an additional 184 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of Ambarella during the fourth quarter valued at approximately $37,000. Sterling Capital Management LLC grew its stake in shares of Ambarella by 629.3% during the fourth quarter. Sterling Capital Management LLC now owns 598 shares of the semiconductor company's stock valued at $43,000 after purchasing an additional 516 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Ambarella in the fourth quarter valued at approximately $53,000. Finally, R Squared Ltd bought a new position in Ambarella in the 4th quarter worth approximately $68,000. 82.09% of the stock is currently owned by institutional investors and hedge funds.

Ambarella Stock Up 8.5 %

NASDAQ AMBA traded up $3.64 during trading on Thursday, reaching $46.66. 604,125 shares of the stock traded hands, compared to its average volume of 696,926. Ambarella, Inc. has a fifty-two week low of $38.86 and a fifty-two week high of $85.15. The stock's 50-day moving average price is $54.35 and its 200 day moving average price is $63.83. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of -12.09 and a beta of 1.86.

Analysts Set New Price Targets

A number of brokerages have commented on AMBA. Needham & Company LLC increased their price objective on Ambarella from $100.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Stifel Nicolaus cut their price target on Ambarella from $100.00 to $80.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Rosenblatt Securities reiterated a "buy" rating and issued a $100.00 price objective on shares of Ambarella in a research report on Thursday, February 27th. StockNews.com upgraded shares of Ambarella from a "sell" rating to a "hold" rating in a research report on Friday, February 28th. Finally, Susquehanna raised their target price on shares of Ambarella from $95.00 to $100.00 and gave the company a "positive" rating in a research note on Wednesday, January 22nd. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $85.00.

Insider Buying and Selling at Ambarella

In related news, CFO John Alexander Young sold 2,103 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $55.02, for a total value of $115,707.06. Following the completion of the transaction, the chief financial officer now directly owns 113,886 shares in the company, valued at $6,266,007.72. This trade represents a 1.81 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Feng-Ming Wang sold 3,194 shares of the business's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $55.02, for a total transaction of $175,733.88. Following the sale, the chief executive officer now directly owns 798,311 shares in the company, valued at $43,923,071.22. The trade was a 0.40 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,328 shares of company stock valued at $513,467. 5.70% of the stock is currently owned by corporate insiders.

Ambarella Company 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.