Ambarella, Inc. $AMBA Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its holdings in Ambarella, Inc. (NASDAQ:AMBA) by 35.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 101,919 shares of the semiconductor company’s stock after purchasing an additional 26,750 shares during the quarter. Russell Investments Group Ltd. owned 0.24% of Ambarella worth $6,760,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Nuveen LLC acquired a new stake in shares of Ambarella in the 1st quarter valued at approximately $32,169,000. Jacobs Levy Equity Management Inc. grew its holdings in Ambarella by 1,635.4% during the first quarter. Jacobs Levy Equity Management Inc. now owns 647,788 shares of the semiconductor company’s stock worth $32,603,000 after acquiring an additional 610,460 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Ambarella by 88.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,232,272 shares of the semiconductor company’s stock worth $62,020,000 after acquiring an additional 579,917 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in Ambarella by 25.6% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 910,911 shares of the semiconductor company’s stock valued at $45,846,000 after acquiring an additional 185,444 shares during the period. Finally, Woodline Partners LP boosted its position in shares of Ambarella by 67.6% during the 1st quarter. Woodline Partners LP now owns 441,385 shares of the semiconductor company’s stock worth $22,215,000 after purchasing an additional 178,052 shares in the last quarter. Institutional investors and hedge funds own 82.09% of the company’s stock.

Insider Buying and Selling at Ambarella

In related news, CTO Leslie Kohn sold 2,249 shares of the stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $79.43, for a total transaction of $178,638.07. Following the sale, the chief technology officer owned 977,428 shares of the company’s stock, valued at $77,637,106.04. This trade represents a 0.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Elizabeth M. Schwarting sold 2,664 shares of the business’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $85.38, for a total transaction of $227,452.32. Following the completion of the transaction, the director directly owned 7,314 shares of the company’s stock, valued at $624,469.32. The trade was a 26.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 35,227 shares of company stock valued at $2,875,131. 5.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

AMBA has been the subject of a number of research analyst reports. Roth Capital reiterated a “neutral” rating on shares of Ambarella in a report on Wednesday, November 26th. Bank of America upped their target price on shares of Ambarella from $90.00 to $92.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. Rosenblatt Securities lifted their price target on shares of Ambarella from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. Northland Securities boosted their price target on Ambarella from $75.00 to $95.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Finally, Morgan Stanley upped their price target on Ambarella from $80.00 to $96.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.00.

Ambarella Price Performance

AMBA stock opened at $71.06 on Friday. The company’s 50 day simple moving average is $83.49 and its 200-day simple moving average is $73.03. The firm has a market capitalization of $3.03 billion, a PE ratio of -37.80 and a beta of 1.98. Ambarella, Inc. has a 12 month low of $38.86 and a 12 month high of $96.69.

Ambarella (NASDAQ:AMBA) last posted its earnings results on Tuesday, November 25th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.06. The firm had revenue of $108.45 million for the quarter, compared to analyst estimates of $104.11 million. Ambarella had a negative return on equity of 13.14% and a negative net margin of 21.31%.Ambarella’s revenue was up 31.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.11 EPS. As a group, sell-side analysts anticipate that Ambarella, Inc. will post -2.81 earnings per share for the current year.

Ambarella Profile

Ambarella, Inc develops semiconductor solutions that enable high-definition (HD) and ultra HD compression, image signal processing, and artificial intelligence processing worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, artificial intelligence computer vision algorithms, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.