US Bancorp DE Has $386,000 Stock Holdings in Ambarella, Inc. (NASDAQ:AMBA)

US Bancorp DE reduced its stake in shares of Ambarella, Inc. (NASDAQ:AMBA) by 22.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,848 shares of the semiconductor company’s stock after selling 2,003 shares during the quarter. US Bancorp DE’s holdings in Ambarella were worth $386,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Meeder Asset Management Inc. acquired a new position in shares of Ambarella during the second quarter worth $26,000. Blue Trust Inc. increased its holdings in Ambarella by 180.3% in the 3rd quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 321 shares in the last quarter. CWM LLC raised its position in Ambarella by 127.7% in the second quarter. CWM LLC now owns 542 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 304 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Ambarella by 389.6% during the third quarter. Signaturefd LLC now owns 661 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 526 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of Ambarella by 62.1% during the second quarter. Van ECK Associates Corp now owns 1,441 shares of the semiconductor company’s stock worth $78,000 after purchasing an additional 552 shares during the last quarter. Institutional investors own 82.09% of the company’s stock.

Insider Buying and Selling at Ambarella

In related news, VP Yun-Lung Chen sold 5,963 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $57.56, for a total value of $343,230.28. Following the transaction, the vice president now directly owns 62,026 shares of the company’s stock, valued at approximately $3,570,216.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CTO Leslie Kohn sold 1,608 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $53.54, for a total transaction of $86,092.32. Following the sale, the chief technology officer now owns 961,433 shares in the company, valued at approximately $51,475,122.82. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Yun-Lung Chen sold 5,963 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $57.56, for a total value of $343,230.28. Following the sale, the vice president now directly owns 62,026 shares of the company’s stock, valued at $3,570,216.56. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,423 shares of company stock worth $1,356,402 in the last three months. 5.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on AMBA shares. Needham & Company LLC restated a “buy” rating and issued a $90.00 price target on shares of Ambarella in a research report on Wednesday, August 28th. Stifel Nicolaus raised their target price on Ambarella from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Susquehanna reduced their price target on Ambarella from $80.00 to $70.00 and set a “positive” rating on the stock in a research report on Monday, October 21st. Craig Hallum increased their price target on Ambarella from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Wednesday, August 28th. Finally, Roth Mkm reaffirmed a “neutral” rating and issued a $60.00 price objective on shares of Ambarella in a research note on Wednesday, August 28th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $74.09.

Ambarella Trading Down 3.2 %

AMBA opened at $59.71 on Wednesday. The company has a market cap of $2.46 billion, a price-to-earnings ratio of -13.82 and a beta of 1.63. The stock has a fifty day simple moving average of $56.63 and a two-hundred day simple moving average of $53.87. Ambarella, Inc. has a 12-month low of $39.69 and a 12-month high of $65.88.

Ambarella (NASDAQ:AMBA) last released its earnings results on Tuesday, August 27th. The semiconductor company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.06. The business had revenue of $63.70 million for the quarter, compared to the consensus estimate of $62.10 million. Ambarella had a negative return on equity of 26.01% and a negative net margin of 79.46%. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.76) earnings per share. On average, analysts predict that Ambarella, Inc. will post -3 EPS for the current year.

Ambarella Company Profile

Ambarella, Inc develops semiconductor solutions that enable high-definition (HD) and ultra HD compression, image signal processing, and artificial intelligence 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.