Oppenheimer & Co. Inc. purchased a new position in Ambarella Inc (NASDAQ:AMBA) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 21,498 shares of the semiconductor company’s stock, valued at approximately $1,263,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp boosted its holdings in Ambarella by 5.9% in the second quarter. State Street Corp now owns 595,044 shares of the semiconductor company’s stock worth $28,894,000 after acquiring an additional 33,237 shares in the last quarter. McCollum Christoferson Group LLC acquired a new stake in shares of Ambarella during the fourth quarter worth about $3,930,000. Alpine Woods Capital Investors LLC lifted its holdings in shares of Ambarella by 21.8% during the third quarter. Alpine Woods Capital Investors LLC now owns 29,100 shares of the semiconductor company’s stock worth $1,426,000 after purchasing an additional 5,200 shares during the period. Caxton Associates LP acquired a new stake in shares of Ambarella during the third quarter worth about $1,005,000. Finally, Northern Trust Corp lifted its holdings in shares of Ambarella by 4.5% during the second quarter. Northern Trust Corp now owns 344,807 shares of the semiconductor company’s stock worth $16,741,000 after purchasing an additional 14,710 shares during the period. 62.95% of the stock is owned by institutional investors and hedge funds.
AMBA has been the subject of a number of research reports. Oppenheimer raised Ambarella from a “market perform” rating to a “buy” rating and set a $70.00 target price for the company in a report on Wednesday, January 3rd. Zacks Investment Research raised Ambarella from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. BidaskClub downgraded Ambarella from a “hold” rating to a “sell” rating in a report on Saturday, January 13th. KeyCorp reaffirmed a “hold” rating on shares of Ambarella in a report on Friday, November 3rd. Finally, Morgan Stanley lifted their target price on Ambarella from $60.00 to $65.00 and gave the stock an “overweight” rating in a report on Wednesday, December 13th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $60.14.
In related news, CEO Feng-Ming Wang sold 8,851 shares of Ambarella stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $57.69, for a total transaction of $510,614.19. Following the completion of the transaction, the chief executive officer now directly owns 293,267 shares in the company, valued at $16,918,573.23. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Christopher B. Paisley sold 2,000 shares of Ambarella stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $59.23, for a total value of $118,460.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,553 shares of company stock valued at $2,145,108. 5.80% of the stock is owned by company insiders.
Ambarella Inc (NASDAQ AMBA) opened at $48.27 on Friday. The firm has a market capitalization of $1,607.73, a P/E ratio of 46.41, a P/E/G ratio of 6.68 and a beta of 1.52. Ambarella Inc has a 12-month low of $40.06 and a 12-month high of $66.23.
Ambarella (NASDAQ:AMBA) last announced its quarterly earnings results on Thursday, November 30th. The semiconductor company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.08. The company had revenue of $89.06 million during the quarter, compared to analysts’ expectations of $89.41 million. Ambarella had a return on equity of 7.87% and a net margin of 11.51%. Ambarella’s quarterly revenue was down 11.4% on a year-over-year basis. During the same period last year, the business earned $1.11 earnings per share. analysts expect that Ambarella Inc will post 0.7 EPS for the current fiscal year.
Ambarella Company Profile
Ambarella, Inc offers semiconductor processing solutions for video that enable high-definition (HD), video capture, sharing and display. The Company operates through the development and sale of low-power, high-definition video products segment. Its system-on-a-chip designs incorporate HD video processing, image processing, audio processing and system functions onto a single chip.
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