Ambarella, Inc. (NASDAQ:AMBA) Stake Boosted by Signaturefd LLC

Signaturefd LLC boosted its holdings in Ambarella, Inc. (NASDAQ:AMBA) by 389.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 661 shares of the semiconductor company’s stock after purchasing an additional 526 shares during the quarter. Signaturefd LLC’s holdings in Ambarella were worth $37,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in AMBA. Meeder Asset Management Inc. acquired a new position in shares of Ambarella in the 2nd quarter valued at about $26,000. Blue Trust Inc. lifted its holdings in Ambarella by 180.3% in the third quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 321 shares during the last quarter. CWM LLC lifted its holdings in Ambarella by 127.7% in the second quarter. CWM LLC now owns 542 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 304 shares during the last quarter. Van ECK Associates Corp boosted its stake in Ambarella by 62.1% in the second quarter. Van ECK Associates Corp now owns 1,441 shares of the semiconductor company’s stock valued at $78,000 after acquiring an additional 552 shares during the period. Finally, Larson Financial Group LLC grew its holdings in shares of Ambarella by 13,576.9% during the first quarter. Larson Financial Group LLC now owns 1,778 shares of the semiconductor company’s stock valued at $90,000 after purchasing an additional 1,765 shares during the last quarter. Institutional investors own 82.09% of the company’s stock.

Ambarella Trading Down 3.8 %

AMBA stock opened at $59.22 on Thursday. The firm’s 50-day moving average is $55.68 and its two-hundred day moving average is $52.71. The company has a market capitalization of $2.43 billion, a price-to-earnings ratio of -13.90 and a beta of 1.62. Ambarella, Inc. has a 52 week low of $39.69 and a 52 week high of $65.88.

Ambarella (NASDAQ:AMBA) last announced 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 firm had revenue of $63.70 million for the quarter, compared to analysts’ expectations of $62.10 million. Ambarella had a negative return on equity of 26.01% and a negative net margin of 79.46%. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.76) earnings per share. On average, equities research analysts predict that Ambarella, Inc. will post -3 earnings per share for the current year.

Insider Activity

In related news, VP Christopher Day sold 483 shares of Ambarella stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $53.54, for a total transaction of $25,859.82. Following the transaction, the vice president now directly owns 21,370 shares of the company’s stock, valued at $1,144,149.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Ambarella news, Director Elizabeth M. Schwarting sold 913 shares of the company’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $54.74, for a total value of $49,977.62. Following the transaction, the director now owns 8,155 shares of the company’s stock, valued at approximately $446,404.70. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Christopher Day sold 483 shares of the firm’s stock in a transaction 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 sale, the vice president now directly 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 disclosure for this sale can be found here. Insiders sold a total of 24,423 shares of company stock worth $1,356,402 over the last 90 days. 5.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

AMBA has been the topic of several recent research reports. TD Cowen raised their price target on Ambarella from $65.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, August 28th. Bank of America boosted their price target on shares of Ambarella from $50.00 to $57.00 and gave the company an “underperform” rating in a report on Wednesday, August 28th. Craig Hallum upped their price target 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. Westpark Capital reiterated a “buy” rating and issued a $85.00 price objective on shares of Ambarella in a research report on Monday, August 26th. Finally, Needham & Company LLC restated a “buy” rating and issued a $90.00 target price on shares of Ambarella in a research report on Wednesday, August 28th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $74.09.

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.