AE Wealth Management LLC bought a new stake in shares of Ambarella Inc (NASDAQ:AMBA) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,330 shares of the semiconductor company’s stock, valued at approximately $405,000.

Several other institutional investors have also made changes to their positions in the stock. Renaissance Technologies LLC raised its holdings in shares of Ambarella by 37.8% during the fourth quarter. Renaissance Technologies LLC now owns 1,084,633 shares of the semiconductor company’s stock valued at $65,685,000 after acquiring an additional 297,407 shares in the last quarter. FIL Ltd raised its holdings in shares of Ambarella by 11.9% during the fourth quarter. FIL Ltd now owns 948,687 shares of the semiconductor company’s stock valued at $57,452,000 after acquiring an additional 100,882 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Ambarella by 28.0% during the fourth quarter. Janus Henderson Group PLC now owns 933,242 shares of the semiconductor company’s stock valued at $56,512,000 after acquiring an additional 204,353 shares in the last quarter. State Street Corp raised its holdings in shares of Ambarella by 43.7% during the fourth quarter. State Street Corp now owns 932,063 shares of the semiconductor company’s stock valued at $56,446,000 after acquiring an additional 283,255 shares in the last quarter. Finally, AXA raised its holdings in shares of Ambarella by 9.2% during the fourth quarter. AXA now owns 876,500 shares of the semiconductor company’s stock valued at $53,081,000 after acquiring an additional 73,572 shares in the last quarter. Institutional investors own 74.59% of the company’s stock.

Shares of NASDAQ:AMBA opened at $57.29 on Friday. Ambarella Inc has a 1-year low of $36.02 and a 1-year high of $73.59. The company has a debt-to-equity ratio of 0.02, a quick ratio of 8.01 and a current ratio of 8.44. The business has a fifty day moving average price of $50.66 and a 200-day moving average price of $55.51.

Ambarella (NASDAQ:AMBA) last issued its quarterly earnings results on Tuesday, March 3rd. The semiconductor company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.03. Ambarella had a negative return on equity of 9.51% and a negative net margin of 19.58%. The firm had revenue of $57.21 million during the quarter, compared to the consensus estimate of $57.18 million. During the same period last year, the company earned $0.14 earnings per share. The company’s revenue was up 12.0% on a year-over-year basis. As a group, equities analysts anticipate that Ambarella Inc will post -1.38 EPS for the current fiscal year.

In related news, CEO Feng-Ming Wang sold 18,228 shares of the stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $38.99, for a total transaction of $710,709.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Kevin C. Eichler sold 3,244 shares of the stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $38.99, for a total value of $126,483.56. The disclosure for this sale can be found here. Insiders have sold 45,767 shares of company stock worth $1,921,039 over the last ninety days. 6.31% of the stock is currently owned by insiders.

A number of research firms have issued reports on AMBA. Roth Capital increased their price objective on Ambarella from $60.00 to $65.00 in a report on Wednesday, March 4th. Craig Hallum downgraded Ambarella from a “buy” rating to a “hold” rating and set a $68.00 price objective for the company. in a report on Wednesday, March 4th. Morgan Stanley decreased their price objective on Ambarella from $85.00 to $79.00 and set an “overweight” rating for the company in a report on Wednesday, March 18th. Cfra increased their price objective on Ambarella from $60.00 to $65.00 and gave the stock a “hold” rating in a report on Wednesday, March 4th. Finally, ValuEngine upgraded Ambarella from a “hold” rating to a “buy” rating in a report on Thursday, April 2nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. Ambarella presently has an average rating of “Hold” and a consensus price target of $63.80.

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.

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Institutional Ownership by Quarter for Ambarella (NASDAQ:AMBA)

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