Rhumbline Advisers Acquires 2,249 Shares of Ambarella, Inc. $AMBA

Rhumbline Advisers lifted its stake in shares of Ambarella, Inc. (NASDAQ:AMBA) by 4.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 58,571 shares of the semiconductor company’s stock after purchasing an additional 2,249 shares during the quarter. Rhumbline Advisers owned 0.14% of Ambarella worth $2,948,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Advisors Asset Management Inc. raised its stake in shares of Ambarella by 44.1% during the 1st quarter. Advisors Asset Management Inc. now owns 935 shares of the semiconductor company’s stock valued at $47,000 after purchasing an additional 286 shares during the period. Banque Transatlantique SA bought a new stake in shares of Ambarella during the 1st quarter valued at $50,000. Larson Financial Group LLC raised its stake in shares of Ambarella by 111.9% during the 1st quarter. Larson Financial Group LLC now owns 1,195 shares of the semiconductor company’s stock valued at $60,000 after purchasing an additional 631 shares during the period. Quarry LP raised its stake in shares of Ambarella by 611.5% during the 1st quarter. Quarry LP now owns 1,793 shares of the semiconductor company’s stock valued at $90,000 after purchasing an additional 1,541 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ raised its stake in shares of Ambarella by 452.4% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 2,497 shares of the semiconductor company’s stock valued at $126,000 after purchasing an additional 2,045 shares during the period. 82.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AMBA has been the topic of a number of analyst reports. Needham & Company LLC boosted their price objective on Ambarella from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Susquehanna boosted their target price on Ambarella from $80.00 to $90.00 and gave the stock a “positive” rating in a research report on Tuesday, July 22nd. Stifel Nicolaus raised their price target on Ambarella from $80.00 to $90.00 and gave the company a “buy” rating in a report on Friday, August 29th. BNP Paribas upgraded Ambarella to a “strong-buy” rating in a research report on Friday, August 29th. Finally, Bank of America lifted their price target on Ambarella from $63.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $93.88.

Insider Activity

In related news, Director Christopher B. Paisley sold 1,000 shares of the stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $62.58, for a total transaction of $62,580.00. Following the completion of the sale, the director directly owned 39,281 shares in the company, valued at $2,458,204.98. This represents a 2.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Yun-Lung Chen sold 8,492 shares of the stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $84.42, for a total value of $716,894.64. Following the sale, the vice president owned 61,651 shares of the company’s stock, valued at $5,204,577.42. This represents a 12.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.70% of the company’s stock.

Ambarella Trading Up 0.5%

AMBA opened at $80.77 on Tuesday. The stock has a 50-day moving average price of $70.99 and a 200-day moving average price of $59.71. Ambarella, Inc. has a 12-month low of $38.86 and a 12-month high of $93.44. The stock has a market capitalization of $3.45 billion, a P/E ratio of -38.28 and a beta of 2.08.

Ambarella (NASDAQ:AMBA) last posted its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.10. Ambarella had a negative return on equity of 14.73% and a negative net margin of 25.46%.The firm had revenue of $95.51 million during the quarter, compared to analysts’ expectations of $90.01 million. During the same period in the prior year, the business earned ($0.13) EPS. The company’s revenue for the quarter was up 49.9% compared to the same quarter last year. Ambarella has set its Q3 2026 guidance at EPS. On average, equities research analysts predict that Ambarella, Inc. will post -2.81 EPS for the current year.

About Ambarella

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.