KBC Group NV Has $1.13 Million Stake in Ambarella, Inc. (NASDAQ:AMBA)

KBC Group NV grew its holdings in Ambarella, Inc. (NASDAQ:AMBA) by 2.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,366 shares of the semiconductor company’s stock after acquiring an additional 531 shares during the quarter. KBC Group NV’s holdings in Ambarella were worth $1,126,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. KG&L Capital Management LLC bought a new position in shares of Ambarella in the first quarter worth about $212,000. FNY Investment Advisers LLC grew its position in shares of Ambarella by 110.1% during the 1st quarter. FNY Investment Advisers LLC now owns 4,724 shares of the semiconductor company’s stock worth $237,000 after buying an additional 2,476 shares during the period. Janney Montgomery Scott LLC grew its position in shares of Ambarella by 238.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 13,474 shares of the semiconductor company’s stock worth $678,000 after buying an additional 9,491 shares during the period. Exchange Traded Concepts LLC lifted its holdings in shares of Ambarella by 34.5% in the 1st quarter. Exchange Traded Concepts LLC now owns 381,872 shares of the semiconductor company’s stock worth $19,220,000 after purchasing an additional 97,911 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Ambarella in the 1st quarter worth $922,000. Institutional investors own 82.09% of the company’s stock.

Insider Buying and Selling at Ambarella

In related news, Director Christopher B. Paisley sold 1,000 shares of Ambarella stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $62.58, for a total value of $62,580.00. Following the completion of the sale, the director directly owned 39,281 shares in the company, valued at $2,458,204.98. The trade was a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 5.30% of the stock is owned by insiders.

Ambarella Trading Up 1.7%

NASDAQ:AMBA opened at $67.30 on Friday. Ambarella, Inc. has a twelve month low of $38.86 and a twelve month high of $85.15. The company has a market cap of $2.85 billion, a price-to-earnings ratio of -27.03 and a beta of 2.05. The stock has a fifty day simple moving average of $56.89 and a 200-day simple moving average of $61.68.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AMBA. Stifel Nicolaus decreased their target price on Ambarella from $100.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, April 17th. Needham & Company LLC dropped their target price on Ambarella from $110.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, May 30th. Morgan Stanley lowered their price objective on Ambarella from $90.00 to $80.00 and set an “overweight” rating for the company in a research report on Tuesday, May 27th. Rosenblatt Securities boosted their target price on Ambarella from $87.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, May 30th. Finally, Summit Insights raised Ambarella to a “hold” rating in a research note on Thursday, May 29th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Ambarella currently has an average rating of “Moderate Buy” and an average target price of $84.55.

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.