Allspring Global Investments Holdings LLC Has $8.28 Million Stake in Ambarella, Inc. (NASDAQ:AMBA)

Allspring Global Investments Holdings LLC grew its holdings in Ambarella, Inc. (NASDAQ:AMBA) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 135,118 shares of the semiconductor company’s stock after purchasing an additional 1,775 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Ambarella were worth $8,281,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in AMBA. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Ambarella by 0.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 267,391 shares of the semiconductor company’s stock worth $16,388,000 after purchasing an additional 1,758 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in Ambarella during the 4th quarter worth $78,000. Trust Point Inc. bought a new position in Ambarella in the 4th quarter valued at $348,000. Assenagon Asset Management S.A. raised its position in shares of Ambarella by 1,276.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 403,197 shares of the semiconductor company’s stock worth $24,712,000 after acquiring an additional 373,915 shares during the last quarter. Finally, Tributary Capital Management LLC lifted its stake in shares of Ambarella by 20.2% during the fourth quarter. Tributary Capital Management LLC now owns 225,937 shares of the semiconductor company’s stock valued at $13,848,000 after acquiring an additional 38,018 shares during the period. Institutional investors own 82.09% of the company’s stock.

Ambarella Stock Performance

AMBA opened at $43.66 on Thursday. The firm’s fifty day moving average is $52.33 and its two-hundred day moving average is $54.09. The firm has a market cap of $1.79 billion, a PE ratio of -10.30 and a beta of 1.66. Ambarella, Inc. has a twelve month low of $43.23 and a twelve month high of $89.18.

Ambarella (NASDAQ:AMBA) last issued its quarterly earnings data on Tuesday, February 27th. The semiconductor company reported ($0.95) EPS for the quarter, topping the consensus estimate of ($0.98) by $0.03. The business had revenue of $51.62 million for the quarter, compared to the consensus estimate of $51.68 million. Ambarella had a negative return on equity of 23.78% and a negative net margin of 74.81%. Equities analysts forecast that Ambarella, Inc. will post -3.53 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on AMBA shares. Wells Fargo & Company lowered Ambarella from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $85.00 to $65.00 in a research report on Wednesday, January 3rd. Needham & Company LLC reiterated a “buy” rating and set a $90.00 price target on shares of Ambarella in a research report on Wednesday, February 28th. Bank of America cut their price objective on shares of Ambarella from $62.00 to $50.00 and set an “underperform” rating on the stock in a report on Tuesday. StockNews.com raised shares of Ambarella to a “sell” rating in a report on Saturday, April 13th. Finally, Morgan Stanley upped their target price on shares of Ambarella from $67.00 to $73.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. Two analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $71.08.

Insider Transactions at Ambarella

In other news, CTO Leslie Kohn sold 1,198 shares of Ambarella stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $49.27, for a total transaction of $59,025.46. Following the transaction, the chief technology officer now owns 964,664 shares in the company, valued at approximately $47,528,995.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CTO Leslie Kohn sold 1,198 shares of the firm’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $49.27, for a total transaction of $59,025.46. Following the sale, the chief technology officer now directly owns 964,664 shares in the company, valued at $47,528,995.28. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Feng-Ming Wang sold 2,173 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $49.27, for a total transaction of $107,063.71. Following the completion of the sale, the chief executive officer now directly owns 806,632 shares in the company, valued at $39,742,758.64. The disclosure for this sale can be found here. Insiders have sold a total of 6,648 shares of company stock valued at $327,595 over the last 90 days. 5.90% of the stock is owned by company insiders.

Ambarella Profile

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.