SG Americas Securities LLC Has $2.05 Million Position in Ambarella, Inc. (NASDAQ:AMBA)

SG Americas Securities LLC lessened its position in Ambarella, Inc. (NASDAQ:AMBAGet Rating) by 33.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,537 shares of the semiconductor company’s stock after selling 9,916 shares during the period. SG Americas Securities LLC’s holdings in Ambarella were worth $2,050,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Janney Montgomery Scott LLC raised its stake in shares of Ambarella by 27.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 11,276 shares of the semiconductor company’s stock worth $2,288,000 after purchasing an additional 2,461 shares during the last quarter. Baird Financial Group Inc. purchased a new stake in shares of Ambarella in the fourth quarter worth approximately $1,023,000. Profund Advisors LLC purchased a new stake in shares of Ambarella in the fourth quarter worth approximately $243,000. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Ambarella during the first quarter valued at approximately $8,046,000. Finally, O Shaughnessy Asset Management LLC increased its position in shares of Ambarella by 215.9% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,864 shares of the semiconductor company’s stock valued at $378,000 after acquiring an additional 1,274 shares during the last quarter. 75.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on AMBA. Cowen decreased their price target on Ambarella from $180.00 to $135.00 and set an “outperform” rating for the company in a research report on Wednesday, June 1st. Bank of America decreased their price target on Ambarella from $85.00 to $75.00 and set an “underperform” rating for the company in a research report on Wednesday, June 29th. Rosenblatt Securities decreased their price target on Ambarella from $200.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, June 1st. Craig Hallum decreased their target price on Ambarella from $170.00 to $100.00 in a research report on Wednesday, June 1st. Finally, Needham & Company LLC decreased their target price on Ambarella from $175.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, June 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Ambarella currently has an average rating of “Moderate Buy” and a consensus target price of $132.20.

Ambarella Stock Performance

NASDAQ:AMBA opened at $76.54 on Monday. The firm has a market capitalization of $2.92 billion, a price-to-earnings ratio of -106.31 and a beta of 1.36. Ambarella, Inc. has a 52-week low of $60.56 and a 52-week high of $227.59. The stock has a fifty day moving average of $73.46 and a 200 day moving average of $97.68.

Ambarella (NASDAQ:AMBAGet Rating) last posted its quarterly earnings data on Tuesday, May 31st. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.07. The company had revenue of $90.31 million during the quarter, compared to analyst estimates of $90.09 million. Ambarella had a negative return on equity of 4.69% and a negative net margin of 7.50%. The firm’s quarterly revenue was up 28.8% on a year-over-year basis. During the same quarter last year, the company earned ($0.29) earnings per share. Equities analysts forecast that Ambarella, Inc. will post -1.33 earnings per share for the current fiscal year.

Insider Activity at Ambarella

In related news, CEO Feng-Ming Wang sold 3,937 shares of Ambarella stock in a transaction on Thursday, June 16th. The stock was sold at an average price of $66.26, for a total transaction of $260,865.62. Following the completion of the sale, the chief executive officer now owns 689,918 shares of the company’s stock, valued at $45,713,966.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Ambarella news, CEO Feng-Ming Wang sold 3,937 shares of Ambarella stock in a transaction dated Thursday, June 16th. The stock was sold at an average price of $66.26, for a total transaction of $260,865.62. Following the completion of the sale, the chief executive officer now owns 689,918 shares of the company’s stock, valued at $45,713,966.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Christopher B. Paisley sold 750 shares of Ambarella stock in a transaction dated Monday, June 13th. The stock was sold at an average price of $73.90, for a total value of $55,425.00. Following the sale, the director now directly owns 31,263 shares of the company’s stock, valued at approximately $2,310,335.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,297 shares of company stock valued at $688,055. Company insiders own 6.60% of the company’s stock.

Ambarella Profile

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Ambarella, Inc develops semiconductor solutions for video that enable high-definition (HD) and ultra HD compression, image processing, and deep neural network 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.

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Institutional Ownership by Quarter for Ambarella (NASDAQ:AMBA)

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