Schwab Charles Investment Management Inc. Holds Holdings in Ambarella, Inc. (AMBA)
Schwab Charles Investment Management Inc. held its stake in Ambarella, Inc. (NASDAQ:AMBA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,300 shares of the semiconductor company’s stock at the close of the 2nd quarter. Schwab Charles Investment Management Inc. owned 0.16% of Ambarella worth $2,588,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in AMBA. Rothschild Asset Management Inc. purchased a new stake in Ambarella in the 2nd quarter valued at approximately $16,083,000. Nomura Asset Management Co. Ltd. boosted its holdings in Ambarella by 2,572.7% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 294,000 shares of the semiconductor company’s stock valued at $16,085,000 after purchasing an additional 283,000 shares in the last quarter. Van Berkom & Associates Inc. boosted its holdings in Ambarella by 22.7% in the 2nd quarter. Van Berkom & Associates Inc. now owns 1,235,483 shares of the semiconductor company’s stock valued at $59,983,000 after purchasing an additional 228,740 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Ambarella by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 2,084,839 shares of the semiconductor company’s stock valued at $114,061,000 after purchasing an additional 104,382 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in Ambarella in the 1st quarter valued at approximately $5,115,000. 57.06% of the stock is currently owned by institutional investors.
In related news, VP Christopher Day sold 1,529 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $46.50, for a total value of $71,098.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Feng-Ming Wang sold 11,629 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $46.50, for a total transaction of $540,748.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,835 shares of company stock valued at $1,301,265. 5.80% of the stock is owned by insiders.
A number of equities research analysts have weighed in on AMBA shares. Canaccord Genuity reaffirmed a “buy” rating and issued a $72.00 price objective on shares of Ambarella in a report on Tuesday, July 11th. Zacks Investment Research lowered Ambarella from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $52.00 price objective (down previously from $64.00) on shares of Ambarella in a report on Friday, August 25th. Morgan Stanley reaffirmed an “overweight” rating and issued a $65.00 price objective on shares of Ambarella in a report on Thursday, August 31st. Finally, Craig Hallum lowered Ambarella from a “buy” rating to a “hold” rating and set a $50.00 price objective on the stock. in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $58.86.
Ambarella, Inc. (NASDAQ:AMBA) opened at 52.85 on Friday. The company’s 50 day moving average price is $48.03 and its 200 day moving average price is $52.24. Ambarella, Inc. has a 12 month low of $40.06 and a 12 month high of $65.78. The firm has a market capitalization of $1.76 billion, a P/E ratio of 34.52 and a beta of 1.57.
Ambarella (NASDAQ:AMBA) last issued its quarterly earnings results on Thursday, August 31st. The semiconductor company reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.04. The business had revenue of $71.63 million during the quarter, compared to the consensus estimate of $70.79 million. Ambarella had a net margin of 16.45% and a return on equity of 11.94%. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.54 EPS. Analysts anticipate that Ambarella, Inc. will post $1.89 EPS for the current 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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