Ambarella Sees Institutional Shift Amid Mixed Analyst Predictions

Ambarella's stock has been subject to significant institutional activity in recent quarters. First Trust Advisors LP decreased its holdings in shares of Ambarella, Inc. by 9.3% during the first quarter, selling 13,674 shares. This represents a decrease from the company's previous holdings of 132,938 shares.

Other hedge funds have also made changes to their positions in Ambarella. Summit Global Investments increased its position in shares of Ambarella by 10.4% during the first quarter, while Cassaday & Co Wealth Management LLC bought a new position in Ambarella worth about $30,000. Dimensional Fund Advisors LP boosted its stake in Ambarella by 28.1%, while Swiss National Bank increased its stake by 1.0%. Freemont Management S.A. also increased its holdings in Ambarella by 251.9% during the first quarter.

Despite these changes, institutional investors still hold a significant portion of Ambarella's stock, with 82.09% currently owned. Analysts have been mixed in their predictions for Ambarella's future performance, with some upgrading their price targets and others maintaining neutral or sell ratings.