Cambridge Investment Research Advisors Inc. decreased its position in Ambarella, Inc. (NASDAQ:AMBA) by 18.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,785 shares of the semiconductor company’s stock after selling 1,100 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Ambarella were worth $235,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. grew its stake in shares of Ambarella by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 2,240 shares of the semiconductor company’s stock valued at $109,000 after buying an additional 337 shares during the period. Amalgamated Bank grew its stake in shares of Ambarella by 3.6% in the 2nd quarter. Amalgamated Bank now owns 4,126 shares of the semiconductor company’s stock valued at $200,000 after buying an additional 143 shares during the period. Aperio Group LLC purchased a new stake in shares of Ambarella in the 3rd quarter valued at approximately $213,000. Raymond James Financial Services Advisors Inc. grew its stake in shares of Ambarella by 17.6% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 4,908 shares of the semiconductor company’s stock valued at $238,000 after buying an additional 734 shares during the period. Finally, SG Americas Securities LLC grew its stake in shares of Ambarella by 85.6% in the 2nd quarter. SG Americas Securities LLC now owns 4,945 shares of the semiconductor company’s stock valued at $240,000 after buying an additional 2,280 shares during the period. 63.21% of the stock is owned by institutional investors and hedge funds.

Several analysts have recently weighed in on AMBA shares. Craig Hallum cut shares of Ambarella from a “buy” rating to a “hold” rating and set a $50.00 price target for the company. in a research note on Friday, September 1st. Oppenheimer reaffirmed a “hold” rating on shares of Ambarella in a research report on Friday, September 1st. Canaccord Genuity reaffirmed a “buy” rating and set a $65.00 price objective (up previously from $58.00) on shares of Ambarella in a research report on Friday, October 13th. Morgan Stanley reaffirmed an “overweight” rating and set a $60.00 price objective on shares of Ambarella in a research report on Thursday, September 7th. Finally, Zacks Investment Research raised shares of Ambarella from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $58.75.

In other Ambarella news, VP Christopher Day sold 2,618 shares of the 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 sale, the vice president now directly owns 20,377 shares in the company, valued at approximately $1,001,529.55. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Leslie Kohn sold 6,467 shares of the 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 sale, the insider now owns 907,645 shares in the company, valued at $42,205,492.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,835 shares of company stock worth $1,301,265. 5.80% of the stock is owned by company insiders.

Ambarella, Inc. (NASDAQ AMBA) opened at $54.46 on Thursday. The firm has a market cap of $1,847.37, a P/E ratio of 35.88, a P/E/G ratio of 5.89 and a beta of 1.59. Ambarella, Inc. has a 1 year low of $40.06 and a 1 year high of $65.39.

Ambarella (NASDAQ:AMBA) last posted its quarterly earnings data on Thursday, August 31st. The semiconductor company reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.04. The firm had revenue of $71.63 million during the quarter, compared to analysts’ expectations 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 last year, the company posted $0.54 EPS. analysts predict that Ambarella, Inc. will post 0.64 earnings per share for the current 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.

Institutional Ownership by Quarter for Ambarella (NASDAQ:AMBA)

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