Ambarella, Inc. (NASDAQ:AMBA) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its stake in shares of Ambarella, Inc. (NASDAQ:AMBAGet Rating) by 12.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,358 shares of the semiconductor company’s stock after selling 202 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Ambarella were worth $142,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Avantax Advisory Services Inc. purchased a new stake in shares of Ambarella during the 4th quarter worth approximately $201,000. Janney Montgomery Scott LLC boosted its stake in shares of Ambarella by 27.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 11,276 shares of the semiconductor company’s stock worth $2,288,000 after acquiring an additional 2,461 shares in the last quarter. National Asset Management Inc. purchased a new stake in shares of Ambarella during the 4th quarter worth approximately $246,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Ambarella during the 4th quarter worth $2,038,000. Finally, Arlington Capital Management Inc. acquired a new position in shares of Ambarella during the 4th quarter worth $487,000. 75.28% of the stock is owned by hedge funds and other institutional investors.

Ambarella Stock Performance

AMBA stock opened at $84.95 on Friday. Ambarella, Inc. has a one year low of $60.56 and a one year high of $227.59. The company has a 50 day moving average price of $73.61 and a two-hundred day moving average price of $96.35. The stock has a market capitalization of $3.24 billion, a P/E ratio of -117.99 and a beta of 1.36.

Ambarella (NASDAQ:AMBAGet Rating) last announced 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. Ambarella had a negative net margin of 7.50% and a negative return on equity of 4.69%. The company had revenue of $90.31 million during the quarter, compared to analysts’ expectations of $90.09 million. During the same period in the previous year, the company earned ($0.29) EPS. The business’s quarterly revenue was up 28.8% compared to the same quarter last year. Research analysts forecast that Ambarella, Inc. will post -1.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Ambarella news, COO Chan W. Lee sold 2,184 shares of the company’s stock in a transaction dated Thursday, June 16th. The stock was sold at an average price of $66.25, for a total transaction of $144,690.00. Following the completion of the sale, the chief operating officer now directly owns 62,778 shares in the company, valued at $4,159,042.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Ambarella news, CTO Leslie Kohn sold 2,609 shares of the company’s stock in a transaction dated Thursday, June 16th. The stock was sold at an average price of $66.25, for a total transaction of $172,846.25. Following the completion of the sale, the chief technology officer now directly owns 903,296 shares in the company, valued at $59,843,360. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Chan W. Lee sold 2,184 shares of the company’s stock in a transaction dated Thursday, June 16th. The stock was sold at an average price of $66.25, for a total value of $144,690.00. Following the sale, the chief operating officer now owns 62,778 shares of the company’s stock, valued at $4,159,042.50. The disclosure for this sale can be found here. Insiders sold 10,297 shares of company stock worth $688,055 over the last three months. 6.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on AMBA. Stifel Nicolaus decreased their price objective on shares of Ambarella from $130.00 to $125.00 in a research report on Wednesday, June 1st. Cowen dropped their price objective on shares of Ambarella from $180.00 to $135.00 in a research note on Wednesday, June 1st. Craig Hallum dropped their price objective on shares of Ambarella from $170.00 to $100.00 in a research note on Wednesday, June 1st. Rosenblatt Securities dropped their price objective on shares of Ambarella from $200.00 to $125.00 and set a “buy” rating for the company in a research note on Wednesday, June 1st. Finally, Jefferies Financial Group dropped their price objective on shares of Ambarella from $160.00 to $136.00 in a research note on Friday, May 27th. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.20.

About Ambarella

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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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