Asset Management One Co. Ltd. Has $153,000 Holdings in Ambarella, Inc. (NASDAQ:AMBA)

Asset Management One Co. Ltd. decreased its position in shares of Ambarella, Inc. (NASDAQ:AMBA) by 9.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,455 shares of the semiconductor company’s stock after selling 258 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Ambarella were worth $153,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. US Bancorp DE increased its position in shares of Ambarella by 30.3% in the 1st quarter. US Bancorp DE now owns 2,605 shares of the semiconductor company’s stock valued at $274,000 after buying an additional 605 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Ambarella by 5.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,715 shares of the semiconductor company’s stock worth $390,000 after purchasing an additional 181 shares during the period. AlphaCrest Capital Management LLC boosted its stake in Ambarella by 33.9% in the 1st quarter. AlphaCrest Capital Management LLC now owns 3,054 shares of the semiconductor company’s stock worth $320,000 after purchasing an additional 774 shares during the period. Rhumbline Advisers boosted its stake in Ambarella by 3.9% in the 1st quarter. Rhumbline Advisers now owns 37,241 shares of the semiconductor company’s stock worth $3,907,000 after purchasing an additional 1,395 shares during the period. Finally, BlackRock Inc. boosted its stake in shares of Ambarella by 14.9% during the 1st quarter. BlackRock Inc. now owns 4,028,021 shares of the semiconductor company’s stock worth $422,620,000 after buying an additional 522,698 shares during the last quarter. Institutional investors and hedge funds own 82.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Susquehanna raised their target price on shares of Ambarella from $70.00 to $80.00 and gave the company a “positive” rating in a research note on Wednesday, February 28th. Morgan Stanley increased their price target on shares of Ambarella from $67.00 to $73.00 and gave the company an “overweight” rating in a report on Wednesday, February 28th. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 target price on shares of Ambarella in a report on Wednesday, February 28th. Wells Fargo & Company cut shares of Ambarella from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $85.00 to $65.00 in a report on Wednesday, January 3rd. Finally, StockNews.com raised shares of Ambarella to a “sell” rating in a research note on Saturday. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Ambarella has a consensus rating of “Moderate Buy” and an average target price of $71.75.

Ambarella Stock Performance

Ambarella stock opened at $46.19 on Monday. Ambarella, Inc. has a fifty-two week low of $43.59 and a fifty-two week high of $89.18. The stock has a market cap of $1.89 billion, a PE ratio of -10.89 and a beta of 1.66. The firm’s 50-day simple moving average is $52.64 and its 200 day simple moving average is $54.20.

Ambarella (NASDAQ:AMBA) last released its earnings results on Tuesday, February 27th. The semiconductor company reported ($0.95) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.98) by $0.03. The firm had revenue of $51.62 million for the quarter, compared to analysts’ expectations of $51.68 million. Ambarella had a negative net margin of 74.81% and a negative return on equity of 23.78%. As a group, analysts predict that Ambarella, Inc. will post -3.53 EPS for the current fiscal year.

Insider Activity at Ambarella

In related news, COO Chan W. Lee sold 1,075 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $49.27, for a total transaction of $52,965.25. Following the sale, the chief operating officer now owns 124,146 shares of the company’s stock, valued at approximately $6,116,673.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Feng-Ming Wang sold 2,173 shares of the stock in a transaction on Monday, March 18th. The shares were sold at an average price of $49.27, for a total value of $107,063.71. Following the transaction, the chief executive officer now owns 806,632 shares of the company’s stock, valued at approximately $39,742,758.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Chan W. Lee sold 1,075 shares of the stock in a transaction on Monday, March 18th. The shares were sold at an average price of $49.27, for a total transaction of $52,965.25. Following the transaction, the chief operating officer now directly owns 124,146 shares in the company, valued at approximately $6,116,673.42. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,648 shares of company stock worth $327,595. 5.90% of the stock is owned by corporate insiders.

About Ambarella

Ambarella, Inc develops semiconductor solutions 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.