First National Bank of Omaha raised its holdings in shares of Ambarella, Inc. (NASDAQ:AMBA – Get Rating) by 116.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,129 shares of the semiconductor company's stock after purchasing an additional 12,441 shares during the quarter. First National Bank of Omaha owned 0.06% of Ambarella worth $2,427,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of AMBA. BlackRock Inc. grew its position in shares of Ambarella by 14.9% in the 1st quarter. BlackRock Inc. now owns 4,028,021 shares of the semiconductor company's stock worth $422,620,000 after acquiring an additional 522,698 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Ambarella by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 3,515,362 shares of the semiconductor company's stock worth $368,832,000 after acquiring an additional 56,927 shares in the last quarter. Invesco Ltd. grew its position in shares of Ambarella by 3.2% in the 1st quarter. Invesco Ltd. now owns 1,296,706 shares of the semiconductor company's stock worth $136,050,000 after acquiring an additional 39,945 shares in the last quarter. State Street Corp grew its position in shares of Ambarella by 19.7% in the 1st quarter. State Street Corp now owns 1,182,568 shares of the semiconductor company's stock worth $124,075,000 after acquiring an additional 194,915 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Ambarella by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 627,815 shares of the semiconductor company's stock worth $127,377,000 after acquiring an additional 4,234 shares in the last quarter. Institutional investors and hedge funds own 76.77% of the company's stock.
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Ambarella Price Performance
Shares of Ambarella stock opened at $65.25 on Friday. The business's fifty day moving average price is $77.60 and its two-hundred day moving average price is $81.39. The company has a market capitalization of $2.51 billion, a P/E ratio of -57.24 and a beta of 1.52. Ambarella, Inc. has a 1-year low of $60.50 and a 1-year high of $227.59.
Ambarella (NASDAQ:AMBA – Get Rating) last posted its quarterly earnings data on Tuesday, August 30th. The semiconductor company reported $0.20 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.01. Ambarella had a negative return on equity of 6.88% and a negative net
margin of 12.14%. The company had revenue of $80.90 million for the quarter, compared to the consensus estimate of $80.21 million. During the same quarter in the previous year, the business earned ($0.18) EPS. The company's quarterly revenue was up 2.0% compared to the same quarter last year. On average, research analysts expect that Ambarella, Inc. will post -1.48 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several research analysts have recently commented on AMBA shares. Cowen decreased their target price on Ambarella from $180.00 to $135.00 in a research report on Wednesday, June 1st. Bank of America cut their price target on Ambarella from $85.00 to $75.00 and set an "underperform" rating on the stock in a report on Wednesday, June 29th. Morgan Stanley cut their price target on Ambarella from $164.00 to $122.00 and set an "overweight" rating on the stock in a report on Tuesday, May 31st. KeyCorp cut their price target on Ambarella from $120.00 to $100.00 and set an "overweight" rating on the stock in a report on Wednesday, August 31st. Finally, Cowen cut their price target on Ambarella from $180.00 to $135.00 and set an "outperform" rating on the stock in a report on Wednesday, June 1st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $125.13.
About Ambarella
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Ambarella, Inc develops semiconductor solutions for video that enable high-definition (HD) and ultra HD compression, image processing, and deep neural network 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.
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