Natixis Advisors LLC Lowers Stock Holdings in Ambarella, Inc. (NASDAQ:AMBA)

Natixis Advisors LLC lowered its holdings in shares of Ambarella, Inc. (NASDAQ:AMBA) by 3.5% during the first quarter, HoldingsChannel.com reports. The firm owned 11,786 shares of the semiconductor company’s stock after selling 432 shares during the period. Natixis Advisors LLC’s holdings in Ambarella were worth $593,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Bayforest Capital Ltd lifted its position in shares of Ambarella by 280.5% in the first quarter. Bayforest Capital Ltd now owns 5,495 shares of the semiconductor company’s stock valued at $277,000 after acquiring an additional 4,051 shares in the last quarter. GSA Capital Partners LLP lifted its position in shares of Ambarella by 108.1% in the first quarter. GSA Capital Partners LLP now owns 29,996 shares of the semiconductor company’s stock valued at $1,510,000 after acquiring an additional 15,585 shares in the last quarter. Valliance Asset Management Ltd purchased a new position in shares of Ambarella in the first quarter valued at approximately $1,007,000. Mackenzie Financial Corp lifted its position in shares of Ambarella by 18.6% in the first quarter. Mackenzie Financial Corp now owns 7,596 shares of the semiconductor company’s stock valued at $382,000 after acquiring an additional 1,190 shares in the last quarter. Finally, First National Advisers LLC purchased a new position in shares of Ambarella in the first quarter valued at approximately $277,000. Hedge funds and other institutional investors own 82.09% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on AMBA. Stifel Nicolaus reduced their price objective on Ambarella from $100.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Susquehanna lifted their price objective on Ambarella from $80.00 to $90.00 and gave the stock a “positive” rating in a research report on Tuesday, July 22nd. Summit Insights upgraded Ambarella to a “hold” rating in a research report on Thursday, May 29th. Needham & Company LLC reduced their price objective on Ambarella from $110.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, May 30th. Finally, Morgan Stanley reduced their price objective on Ambarella from $90.00 to $80.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 27th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $83.64.

Ambarella Stock Down 0.3%

AMBA opened at $64.36 on Tuesday. The business has a 50 day moving average price of $62.45 and a two-hundred day moving average price of $59.80. The company has a market cap of $2.73 billion, a PE ratio of -25.85 and a beta of 2.08. Ambarella, Inc. has a 52 week low of $38.86 and a 52 week high of $85.15.

Insider Transactions at Ambarella

In other Ambarella news, Director Christopher B. Paisley sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $62.58, for a total transaction of $62,580.00. Following the transaction, the director owned 39,281 shares in the company, valued at approximately $2,458,204.98. The trade was a 2.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 5.70% of the company’s stock.

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.