Semanteon Capital Management LP Invests $386,000 in Ambarella, Inc. (NASDAQ:AMBA)

Semanteon Capital Management LP acquired a new position in Ambarella, Inc. (NASDAQ:AMBA) in the 4th quarter, Holdings Channel reports. The firm acquired 5,309 shares of the semiconductor company’s stock, valued at approximately $386,000.

A number of other large investors have also added to or reduced their stakes in the company. Arizona State Retirement System grew its holdings in Ambarella by 1.4% during the 4th quarter. Arizona State Retirement System now owns 11,368 shares of the semiconductor company’s stock valued at $827,000 after purchasing an additional 156 shares in the last quarter. 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 valued at $32,000 after purchasing an additional 184 shares in the last quarter. Pacer Advisors Inc. grew its holdings in Ambarella by 24.2% during the 4th quarter. Pacer Advisors Inc. now owns 965 shares of the semiconductor company’s stock valued at $70,000 after purchasing an additional 188 shares in the last quarter. Manchester Capital Management LLC grew its holdings in Ambarella by 21.8% during the 4th quarter. Manchester Capital Management LLC now owns 1,175 shares of the semiconductor company’s stock valued at $85,000 after purchasing an additional 210 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Ambarella by 5.0% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,003 shares of the semiconductor company’s stock valued at $364,000 after purchasing an additional 236 shares in the last quarter. 82.09% of the stock is owned by institutional investors and hedge funds.

Ambarella Stock Performance

NASDAQ AMBA opened at $54.26 on Friday. Ambarella, Inc. has a one year low of $39.69 and a one year high of $85.15. The company has a 50-day simple moving average of $69.81 and a 200-day simple moving average of $65.29. The firm has a market capitalization of $2.26 billion, a PE ratio of -14.06 and a beta of 1.78.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on AMBA shares. Needham & Company LLC raised their price target on shares of Ambarella from $100.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Craig Hallum raised their price objective on shares of Ambarella from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Northland Securities reissued an “outperform” rating and issued a $95.00 target price (up previously from $75.00) on shares of Ambarella in a research report on Wednesday, November 27th. Susquehanna boosted their target price on shares of Ambarella from $95.00 to $100.00 and gave the stock a “positive” rating in a research report on Wednesday, January 22nd. Finally, StockNews.com raised shares of Ambarella from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. Five equities research 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, Ambarella currently has an average rating of “Moderate Buy” and a consensus price target of $86.67.

Insider Activity

In other Ambarella news, Director Christopher B. Paisley sold 1,500 shares of the business’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $73.80, for a total transaction of $110,700.00. Following the completion of the transaction, the director now directly owns 40,781 shares of the company’s stock, valued at $3,009,637.80. The trade was a 3.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO John Alexander Young sold 2,103 shares of the business’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $55.02, for a total transaction of $115,707.06. Following the transaction, the chief financial officer now directly owns 113,886 shares of the company’s stock, valued at $6,266,007.72. The trade was a 1.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 16,575 shares of company stock valued at $1,069,957. Company insiders own 5.70% of the company’s stock.

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.