Oppenheimer & Co. Inc. bought a new position in Ambarella Inc (NASDAQ:AMBA) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 8,475 shares of the semiconductor company’s stock, valued at approximately $328,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. grew its position 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 worth $63,658,000 after acquiring an additional 144,604 shares in the last quarter. Van Berkom & Associates Inc. lifted 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 worth $59,815,000 after purchasing an additional 167,095 shares during the last quarter. Pinnacle Associates Ltd. lifted 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 worth $36,808,000 after purchasing an additional 52,391 shares during the last quarter. Janus Henderson Group PLC lifted 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 worth $36,614,000 after purchasing an additional 133,475 shares during the last quarter. Finally, Vident Investment Advisory LLC lifted its holdings in shares of Ambarella by 23.3% in the 2nd quarter. Vident Investment Advisory LLC now owns 517,708 shares of the semiconductor company’s stock worth $19,989,000 after purchasing an additional 97,826 shares during the last quarter. Institutional investors own 69.76% of the company’s stock.

Shares of Ambarella stock opened at $35.00 on Friday. Ambarella Inc has a 1-year low of $31.41 and a 1-year high of $66.23.

Ambarella (NASDAQ:AMBA) last announced its earnings results on Thursday, August 30th. The semiconductor company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.12. The firm had revenue of $62.47 million for the quarter, compared to the consensus estimate of $62.27 million. Ambarella had a negative return on equity of 0.71% and a negative net margin of 1.40%. Research analysts anticipate that Ambarella Inc will post -0.93 earnings per share for the current year.

Several analysts recently issued reports on AMBA shares. ValuEngine raised Ambarella from a “hold” rating to a “buy” rating in a report on Friday, September 7th. Stifel Nicolaus cut their price target on Ambarella from $56.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, August 31st. Dougherty & Co cut their price target on Ambarella from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, August 31st. Zacks Investment Research raised Ambarella from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 7th. Finally, Deutsche Bank cut their price target on Ambarella from $44.00 to $38.00 and set a “hold” rating on the stock in a report on Friday, August 31st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $49.45.

In other Ambarella news, Director Christopher B. Paisley sold 1,000 shares of Ambarella stock in a transaction on Thursday, September 6th. The stock was sold at an average price of $40.00, for a total transaction of $40,000.00. Following the sale, the director now owns 17,765 shares of the company’s stock, valued at approximately $710,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Feng-Ming Wang sold 10,727 shares of Ambarella stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $35.56, for a total value of $381,452.12. The disclosure for this sale can be found here. Insiders have sold a total of 43,609 shares of company stock worth $1,628,876 in the last ninety days. 5.84% of the stock is owned by company insiders.

COPYRIGHT VIOLATION NOTICE: “Oppenheimer & Co. Inc. Takes Position in Ambarella Inc (AMBA)” was reported by Daily Political and is the property of of Daily Political. If you are reading this story on another site, it was illegally copied and reposted in violation of US and international copyright & trademark laws. The correct version of this story can be accessed at https://www.dailypolitical.com/2018/11/10/oppenheimer-co-inc-takes-position-in-ambarella-inc-amba.html.

Ambarella Profile

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.

Recommended Story: What is a Call Option?

Institutional Ownership by Quarter for Ambarella (NASDAQ:AMBA)

Receive News & Ratings for Ambarella Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ambarella and related companies with MarketBeat.com's FREE daily email newsletter.