Natixis Advisors LLC Cuts Holdings in Ambarella, Inc. (NASDAQ:AMBA)

Natixis Advisors LLC cut its position in shares of Ambarella, Inc. (NASDAQ:AMBA) by 61.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,927 shares of the semiconductor company’s stock after selling 17,501 shares during the quarter. Natixis Advisors LLC’s holdings in Ambarella were worth $616,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Ambarella by 6.1% in the first quarter. Vanguard Group Inc. now owns 4,340,831 shares of the semiconductor company’s stock worth $220,384,000 after purchasing an additional 248,297 shares during the last quarter. Millennium Management LLC raised its holdings in Ambarella by 7.0% in the 2nd quarter. Millennium Management LLC now owns 1,447,466 shares of the semiconductor company’s stock worth $78,091,000 after purchasing an additional 94,257 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Ambarella by 36.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,291,900 shares of the semiconductor company’s stock worth $69,698,000 after acquiring an additional 343,385 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Ambarella by 0.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 683,119 shares of the semiconductor company’s stock valued at $36,854,000 after acquiring an additional 2,994 shares during the period. Finally, Marshall Wace LLP boosted its stake in Ambarella by 69.2% during the second quarter. Marshall Wace LLP now owns 613,346 shares of the semiconductor company’s stock worth $33,090,000 after acquiring an additional 250,778 shares in 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 dated Tuesday, September 3rd. The stock was 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 owns 62,026 shares of the company’s stock, valued at $3,570,216.56. This trade represents a 8.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO John Alexander Young sold 2,139 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $53.54, for a total value of $114,522.06. Following the sale, the chief financial officer now owns 103,529 shares in the company, valued at approximately $5,542,942.66. The trade was a 2.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 24,423 shares of company stock valued at $1,356,402 in the last three months. Corporate insiders own 5.70% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AMBA. Susquehanna lifted their target price on shares of Ambarella from $70.00 to $85.00 and gave the stock a “positive” rating in a report on Wednesday. Needham & Company LLC increased their price objective on shares of Ambarella from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday. Craig Hallum increased their price target on Ambarella from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday. Bank of America raised their target price on shares of Ambarella from $57.00 to $65.00 and gave the stock an “underperform” rating in a report on Wednesday. Finally, Rosenblatt Securities restated a “buy” rating and set a $85.00 price objective on shares of Ambarella in a report on Friday, August 23rd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $81.67.

Ambarella Price Performance

Shares of AMBA opened at $72.44 on Thursday. Ambarella, Inc. has a 1-year low of $39.69 and a 1-year high of $81.32. The firm has a 50 day simple moving average of $58.23 and a 200-day simple moving average of $54.89. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of -15.84 and a beta of 1.63.

Ambarella (NASDAQ:AMBA) last announced its quarterly earnings data on Tuesday, August 27th. The semiconductor company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $63.70 million during the quarter, compared to analysts’ expectations of $62.10 million. During the same period in the previous year, the company earned ($0.76) EPS. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. On average, equities analysts expect that Ambarella, Inc. will post -3 earnings per share for the current fiscal 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.