Quantbot Technologies LP Has $1.06 Million Stock Holdings in Ambarella, Inc. (NASDAQ:AMBA)

Quantbot Technologies LP decreased its position in shares of Ambarella, Inc. (NASDAQ:AMBA) by 28.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,872 shares of the semiconductor company’s stock after selling 7,649 shares during the period. Quantbot Technologies LP’s holdings in Ambarella were worth $1,064,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in AMBA. Price T Rowe Associates Inc. MD boosted its position in shares of Ambarella by 7.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,575 shares of the semiconductor company’s stock worth $1,045,000 after acquiring an additional 1,502 shares in the last quarter. CWM LLC boosted its position in Ambarella by 127.7% in the second quarter. CWM LLC now owns 542 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 304 shares in the last quarter. Linden Thomas Advisory Services LLC boosted its position in Ambarella by 1.7% in the second quarter. Linden Thomas Advisory Services LLC now owns 17,522 shares of the semiconductor company’s stock valued at $945,000 after buying an additional 288 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Ambarella in the second quarter valued at approximately $841,000. Finally, SWS Partners boosted its position in Ambarella by 25.3% in the second quarter. SWS Partners now owns 79,522 shares of the semiconductor company’s stock valued at $4,290,000 after buying an additional 16,049 shares in the last quarter. Institutional investors and hedge funds own 82.09% of the company’s stock.

Insider Buying and Selling

In related news, CFO John Alexander Young sold 2,139 shares of Ambarella stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $53.54, for a total transaction of $114,522.06. Following the completion of the transaction, the chief financial officer now owns 103,529 shares of the company’s stock, valued at $5,542,942.66. This trade represents a 2.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Yun-Lung Chen sold 5,963 shares of Ambarella stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $57.56, for a total transaction of $343,230.28. Following the transaction, the vice president now directly owns 62,026 shares of the company’s stock, valued at $3,570,216.56. This represents a 8.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,423 shares of company stock valued at $1,356,402 over the last quarter. Insiders own 5.70% of the company’s stock.

Ambarella Stock Down 1.2 %

Shares of NASDAQ AMBA opened at $71.55 on Friday. Ambarella, Inc. has a twelve month low of $39.69 and a twelve month high of $81.32. The firm has a fifty day simple moving average of $59.27 and a 200 day simple moving average of $55.37. The company has a market capitalization of $2.95 billion, a PE ratio of -18.54 and a beta of 1.63.

Analyst Ratings Changes

A number of brokerages have weighed in on AMBA. Bank of America raised their target price on shares of Ambarella from $57.00 to $65.00 and gave the company an “underperform” rating in a research report on Wednesday. Needham & Company LLC raised their target price on shares of Ambarella from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday. TD Cowen raised their target price on shares of Ambarella from $65.00 to $75.00 and gave the company a “hold” rating in a research report on Wednesday, August 28th. Craig Hallum raised their target price on shares of Ambarella from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $85.00 price target on shares of Ambarella in a report on Friday, August 23rd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $81.67.

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.