Natixis bought a new position in Ambarella Inc (NASDAQ:AMBA) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 143,631 shares of the semiconductor company’s stock, valued at approximately $5,546,000. Natixis owned 0.43% of Ambarella as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of Ambarella by 9.6% in the 2nd quarter. BlackRock Inc. now owns 1,648,769 shares of the semiconductor company’s stock valued at $63,658,000 after purchasing an additional 144,604 shares during the last quarter. Van Berkom & Associates Inc. boosted its holdings in shares of Ambarella by 12.1% in the 2nd quarter. Van Berkom & Associates Inc. now owns 1,549,203 shares of the semiconductor company’s stock valued at $59,815,000 after purchasing an additional 167,095 shares during the last quarter. Pinnacle Associates Ltd. boosted its holdings in shares of Ambarella by 5.8% in the 2nd quarter. Pinnacle Associates Ltd. now owns 953,325 shares of the semiconductor company’s stock valued at $36,808,000 after purchasing an additional 52,391 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Ambarella by 16.4% in the 2nd quarter. Janus Henderson Group PLC now owns 948,168 shares of the semiconductor company’s stock valued at $36,614,000 after purchasing an additional 133,475 shares during the last quarter. Finally, State of Tennessee Treasury Department boosted its holdings in shares of Ambarella by 9.5% in the 1st quarter. State of Tennessee Treasury Department now owns 630,000 shares of the semiconductor company’s stock valued at $30,864,000 after purchasing an additional 54,700 shares during the last quarter. 67.60% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:AMBA opened at $38.00 on Friday. The firm has a market cap of $1.29 billion, a P/E ratio of 69.09 and a beta of 1.20. Ambarella Inc has a twelve month low of $34.33 and a twelve month high of $66.23.

Ambarella (NASDAQ:AMBA) last posted its earnings results on Thursday, August 30th. The semiconductor company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.12. The business had revenue of $62.47 million for the quarter, compared to analyst estimates of $62.27 million. Ambarella had a negative net margin of 1.40% and a negative return on equity of 0.71%. research analysts forecast that Ambarella Inc will post -0.84 earnings per share for the current fiscal year.

A number of equities analysts have weighed in on the stock. ValuEngine upgraded shares of Ambarella from a “hold” rating to a “buy” rating in a report on Friday, September 7th. BidaskClub lowered shares of Ambarella from a “strong-buy” rating to a “buy” rating in a report on Monday, June 18th. Deutsche Bank decreased their price target on shares of Ambarella from $44.00 to $38.00 and set a “hold” rating on the stock in a report on Friday, August 31st. Dougherty & Co decreased their price target on shares of Ambarella from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, August 31st. Finally, Cowen decreased their price target on shares of Ambarella from $65.00 to $54.00 and set an “outperform” rating on the stock in a report on Friday, August 31st. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. Ambarella presently has an average rating of “Hold” and a consensus target price of $52.15.

In related news, Director Christopher B. Paisley sold 1,000 shares of Ambarella stock in a transaction on Thursday, September 6th. The shares were sold at an average price of $40.00, for a total transaction of $40,000.00. Following the transaction, the director now owns 17,765 shares in the company, valued at approximately $710,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Christopher Day sold 3,062 shares of Ambarella stock in a transaction on Friday, June 22nd. The shares were sold at an average price of $44.00, for a total transaction of $134,728.00. Following the transaction, the vice president now owns 17,679 shares in the company, valued at approximately $777,876. The disclosure for this sale can be found here. Insiders have sold a total of 41,191 shares of company stock worth $1,706,920 in the last 90 days. Company insiders own 5.84% of the company’s stock.

About Ambarella

Ambarella, Inc develops semiconductor processing solutions for video that enable high-definition (HD), video capture, analysis, sharing, and display worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, computer vision functionality, 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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Institutional Ownership by Quarter for Ambarella (NASDAQ:AMBA)

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