MUFG Securities EMEA plc grew its stake in Ambarella, Inc. (NASDAQ:AMBA – Get Rating) by 551.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,199 shares of the semiconductor company's stock after acquiring an additional 3,554 shares during the period. MUFG Securities EMEA plc's holdings in Ambarella were worth $441,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of AMBA. Standard Family Office LLC bought a new position in shares of Ambarella in the first quarter worth about $42,000. Prospera Financial Services Inc bought a new stake in shares of Ambarella during the first quarter worth approximately $52,000. Daiwa Securities Group Inc. raised its stake in shares of Ambarella by 45.6% during the first quarter. Daiwa Securities Group Inc. now owns 619 shares of the semiconductor company's stock worth $65,000 after buying an additional 194 shares during the last quarter. First Command Bank bought a new stake in shares of Ambarella during the first quarter worth approximately $84,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Ambarella by 107.8% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 856 shares of the semiconductor company's stock worth $89,000 after buying an additional 444 shares during the last quarter. 76.77% of the stock is owned by institutional investors.
Get Ambarella alerts:Analyst Ratings Changes
A number of research firms recently weighed in on AMBA. KeyCorp dropped their price target on shares of Ambarella from $120.00 to $100.00 and set an "overweight" rating for the company in a research note on Wednesday, August 31st. Wells Fargo & Company decreased their price objective on shares of Ambarella to $105.00 in a report on Tuesday, September 6th. Cowen decreased their price objective on shares of Ambarella from $180.00 to $135.00 and set an "outperform" rating for the company in a report on Wednesday, June 1st. Cowen decreased their price objective on shares of Ambarella from $180.00 to $135.00 in a report on Wednesday, June 1st. Finally, Summit Insights cut shares of Ambarella from a "buy" rating to a "hold" rating in a report on Wednesday, August 31st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $125.13.
Insider Buying and Selling
In other Ambarella news, COO Chan W. Lee sold 2,184 shares of the company's stock in a transaction on Thursday, June 16th. The shares were sold at an average price of $66.25, for a total transaction of $144,690.00. Following the sale, the chief operating officer now directly owns 62,778 shares of the company's stock, valued at $4,159,042.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Ambarella news, COO Chan W. Lee sold 2,184 shares of the company's stock in a transaction on Thursday, June 16th. The shares were sold at an average price of $66.25, for a total transaction of $144,690.00. Following the sale, the chief operating officer now directly owns 62,778 shares of the company's stock, valued at $4,159,042.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Leslie Kohn sold 2,609 shares of the stock in a transaction dated Thursday, June 16th. The shares were sold at an average price of $66.25, for a total transaction of $172,846.25. Following the completion of the transaction, the chief technology officer now directly owns 903,296 shares in the company, valued at $59,843,360. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,547 shares of company stock worth $632,630. 6.60% of the stock is owned by insiders.Ambarella Trading Down 5.3 %
Shares of AMBA opened at $65.80 on Wednesday. Ambarella, Inc. has a 12 month low of $60.50 and a 12 month high of $227.59. The firm has a fifty day simple moving average of $77.67 and a 200 day simple moving average of $82.03. The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of -57.72 and a beta of 1.52.
Ambarella (NASDAQ:AMBA – Get Rating) last announced its earnings results on Tuesday, August 30th. The semiconductor company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.19 by $0.01. Ambarella had a negative net margin of 12.14% and a negative return on equity of 6.88%. The business had revenue of $80.90 million during the quarter, compared to analysts' expectations of $80.21 million. During the same quarter in the prior year, the company posted ($0.18) earnings per share. The firm's revenue was up 2.0% on a year-over-year basis. As a group, research analysts predict that Ambarella, Inc. will post -1.48 earnings per share for the current fiscal year.
Ambarella Profile
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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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