Ambarella, Inc. (NASDAQ:AMBA) Shares Acquired by Raymond James & Associates

Raymond James & Associates grew its position in Ambarella, Inc. (NASDAQ:AMBA) by 2.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 11,114 shares of the semiconductor company’s stock after buying an additional 307 shares during the period. Raymond James & Associates’ holdings in Ambarella were worth $681,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. DMC Group LLC acquired a new position in shares of Ambarella in the 4th quarter valued at about $211,000. Exchange Traded Concepts LLC grew its holdings in shares of Ambarella by 23.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 365,218 shares of the semiconductor company’s stock valued at $22,384,000 after purchasing an additional 68,724 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Ambarella by 3.6% during the 3rd quarter. Vanguard Group Inc. now owns 4,022,670 shares of the semiconductor company’s stock worth $213,322,000 after purchasing an additional 139,767 shares during the period. Penserra Capital Management LLC lifted its holdings in shares of Ambarella by 9.0% in the 3rd quarter. Penserra Capital Management LLC now owns 31,275 shares of the semiconductor company’s stock worth $1,658,000 after purchasing an additional 2,574 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in Ambarella by 31.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 429,892 shares of the semiconductor company’s stock worth $22,797,000 after buying an additional 103,978 shares during the last quarter. 82.09% of the stock is currently owned by institutional investors.

Ambarella Trading Up 3.2 %

Shares of AMBA opened at $42.56 on Thursday. Ambarella, Inc. has a 1-year low of $40.31 and a 1-year high of $89.18. The stock has a market capitalization of $1.74 billion, a P/E ratio of -10.04 and a beta of 1.66. The business’s 50-day moving average price is $50.87 and its 200 day moving average price is $53.64.

Ambarella (NASDAQ:AMBA) last released its earnings results on Tuesday, February 27th. The semiconductor company reported ($0.95) earnings per share 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 net margin of 74.81% and a negative return on equity of 23.78%. On average, research analysts predict that Ambarella, Inc. will post -3.53 earnings per share for the current year.

Insider Buying and Selling at Ambarella

In other news, CFO John Alexander Young sold 1,546 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $49.27, for a total value of $76,171.42. Following the completion of the sale, the chief financial officer now owns 107,571 shares of the company’s stock, valued at $5,300,023.17. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Ambarella news, CTO Leslie Kohn sold 1,198 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 value 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 SEC, which can be accessed through this link. Also, CFO John Alexander Young sold 1,546 shares of Ambarella stock in a transaction on Monday, March 18th. The shares were sold at an average price of $49.27, for a total transaction of $76,171.42. Following the sale, the chief financial officer now directly owns 107,571 shares of the company’s stock, valued at approximately $5,300,023.17. 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 in the last three months. 5.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

AMBA has been the subject of several analyst reports. Needham & Company LLC reissued a “buy” rating and set a $90.00 price target 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 decreased their target price for the stock from $85.00 to $65.00 in a research report on Wednesday, January 3rd. Susquehanna boosted their price objective on Ambarella from $70.00 to $80.00 and gave the stock a “positive” rating in a research report on Wednesday, February 28th. Morgan Stanley raised their target price on Ambarella from $67.00 to $73.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. Finally, StockNews.com raised Ambarella to a “sell” rating in a research note on Saturday, April 13th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $71.08.

Ambarella Company 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.