Ambarella, Inc. (AMBA) Shares Bought by Vident Investment Advisory LLC

Vident Investment Advisory LLC lifted its holdings in shares of Ambarella, Inc. (NASDAQ:AMBA) by 82.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 283,991 shares of the semiconductor company’s stock after buying an additional 128,489 shares during the period. Ambarella makes up approximately 0.8% of Vident Investment Advisory LLC’s holdings, making the stock its 22nd largest position. Vident Investment Advisory LLC owned approximately 0.86% of Ambarella worth $13,918,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in AMBA. Geode Capital Management LLC boosted its stake in shares of Ambarella by 12.9% during the first quarter. Geode Capital Management LLC now owns 71,105 shares of the semiconductor company’s stock worth $3,890,000 after buying an additional 8,147 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of Ambarella by 5.5% during the first quarter. Schwab Charles Investment Management Inc. now owns 53,300 shares of the semiconductor company’s stock worth $2,917,000 after buying an additional 2,800 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Ambarella by 6.6% during the second quarter. Janney Montgomery Scott LLC now owns 8,715 shares of the semiconductor company’s stock worth $423,000 after buying an additional 542 shares during the period. Sei Investments Co. boosted its stake in shares of Ambarella by 280,038.9% during the second quarter. Sei Investments Co. now owns 50,425 shares of the semiconductor company’s stock worth $2,449,000 after buying an additional 50,407 shares during the period. Finally, Global X Management Co. LLC boosted its stake in shares of Ambarella by 31.6% during the second quarter. Global X Management Co. LLC now owns 12,670 shares of the semiconductor company’s stock worth $615,000 after buying an additional 3,045 shares during the period. Institutional investors and hedge funds own 63.21% of the company’s stock.

In other news, VP Christopher Day sold 2,618 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $49.15, for a total transaction of $128,674.70. Following the completion of the transaction, the vice president now directly owns 20,377 shares of the company’s stock, valued at approximately $1,001,529.55. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Leslie Kohn sold 6,467 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $46.50, for a total transaction of $300,715.50. Following the transaction, the insider now directly owns 907,645 shares of the company’s stock, valued at $42,205,492.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,835 shares of company stock valued at $1,301,265. 5.80% of the stock is currently owned by corporate insiders.

Several research analysts recently issued reports on AMBA shares. ValuEngine raised shares of Ambarella from a “sell” rating to a “hold” rating in a report on Friday, September 8th. Dougherty & Co cut their price target on shares of Ambarella from $75.00 to $60.00 and set a “buy” rating for the company in a report on Friday, September 1st. Morgan Stanley reissued an “overweight” rating and set a $60.00 price target on shares of Ambarella in a report on Wednesday, September 27th. Deutsche Bank reissued a “hold” rating and set a $49.00 price target (down from $54.00) on shares of Ambarella in a report on Friday, September 1st. Finally, Roth Capital reissued a “buy” rating and set a $65.00 price target on shares of Ambarella in a report on Thursday, August 31st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. Ambarella presently has a consensus rating of “Hold” and an average price target of $58.65.

Ambarella, Inc. (AMBA) opened at $58.14 on Friday. Ambarella, Inc. has a 1-year low of $40.06 and a 1-year high of $65.39. The stock has a market cap of $1,930.00, a PE ratio of 54.83, a price-to-earnings-growth ratio of 6.10 and a beta of 1.57.

Ambarella (NASDAQ:AMBA) last issued its earnings results on Thursday, November 30th. The semiconductor company reported $0.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.08. Ambarella had a net margin of 11.51% and a return on equity of 7.92%. The company had revenue of $89.06 million during the quarter, compared to analysts’ expectations of $89.41 million. During the same period last year, the company posted $1.11 earnings per share. The firm’s quarterly revenue was down 11.4% compared to the same quarter last year. analysts predict that Ambarella, Inc. will post 0.64 EPS for the current fiscal year.

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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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Institutional Ownership by Quarter for Ambarella (NASDAQ:AMBA)

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