Ambarella, Inc. (NASDAQ:AMBA) Shares Bought by Cwm LLC

Cwm LLC grew its holdings in Ambarella, Inc. (NASDAQ:AMBA) by 173.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,483 shares of the semiconductor company’s stock after buying an additional 941 shares during the quarter. Cwm LLC’s holdings in Ambarella were worth $84,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Azzad Asset Management Inc. ADV increased its stake in Ambarella by 2.4% in the 2nd quarter. Azzad Asset Management Inc. ADV now owns 9,983 shares of the semiconductor company’s stock valued at $539,000 after purchasing an additional 231 shares in the last quarter. Linden Thomas Advisory Services LLC lifted its stake in Ambarella by 1.7% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 17,522 shares of the semiconductor company’s stock valued at $945,000 after buying an additional 288 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Ambarella by 8.0% during the 1st quarter. Principal Financial Group Inc. now owns 4,882 shares of the semiconductor company’s stock valued at $248,000 after buying an additional 363 shares during the last quarter. Arizona State Retirement System increased its position in Ambarella by 3.7% during the second quarter. Arizona State Retirement System now owns 10,893 shares of the semiconductor company’s stock worth $588,000 after buying an additional 385 shares in the last quarter. Finally, Wrapmanager Inc. raised its holdings in shares of Ambarella by 9.3% in the second quarter. Wrapmanager Inc. now owns 5,523 shares of the semiconductor company’s stock worth $298,000 after acquiring an additional 470 shares during the last quarter. 82.09% of the stock is currently owned by hedge funds and other institutional investors.

Ambarella Stock Performance

Shares of AMBA stock opened at $57.75 on Friday. The firm has a market capitalization of $2.37 billion, a PE ratio of -13.56 and a beta of 1.62. Ambarella, Inc. has a 1 year low of $39.69 and a 1 year high of $65.88. The stock has a fifty day moving average of $55.21 and a two-hundred day moving average of $52.49.

Ambarella (NASDAQ:AMBA) last announced its earnings results on Tuesday, August 27th. The semiconductor company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.06. Ambarella had a negative net margin of 79.46% and a negative return on equity of 26.01%. The firm had revenue of $63.70 million during the quarter, compared to analyst estimates of $62.10 million. During the same quarter in the prior year, the firm posted ($0.76) EPS. Ambarella’s revenue was up 2.6% compared to the same quarter last year. Equities research analysts predict that Ambarella, Inc. will post -3 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, VP Yun-Lung Chen sold 5,963 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $57.56, for a total transaction of $343,230.28. Following the completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP Christopher Day sold 483 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $53.54, for a total value of $25,859.82. Following the transaction, the vice president now owns 21,370 shares of the company’s stock, valued at approximately $1,144,149.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Yun-Lung Chen sold 5,963 shares of the 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 owns 62,026 shares in the company, valued at $3,570,216.56. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,423 shares of company stock valued at $1,356,402. Insiders own 5.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on AMBA shares. Craig Hallum raised their target price on shares of Ambarella from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Roth Mkm reissued a “neutral” rating and issued a $60.00 price target on shares of Ambarella in a research note on Wednesday, August 28th. Susquehanna dropped their price objective on shares of Ambarella from $80.00 to $70.00 and set a “positive” rating for the company in a research note on Monday, October 21st. Rosenblatt Securities reissued a “buy” rating and issued a $85.00 target price on shares of Ambarella in a research report on Friday, August 23rd. Finally, Westpark Capital reaffirmed a “buy” rating and set a $85.00 price target on shares of Ambarella in a research report on Monday, August 26th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $74.09.

Ambarella 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.