Ambarella, Inc. (NASDAQ:AMBA) Stock Position Lifted by Trust Point Inc.

Trust Point Inc. lifted its stake in shares of Ambarella, Inc. (NASDAQ:AMBA) by 9.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,063 shares of the semiconductor company’s stock after purchasing an additional 869 shares during the quarter. Trust Point Inc.’s holdings in Ambarella were worth $568,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. SWS Partners raised its position in shares of Ambarella by 25.3% during the 2nd quarter. SWS Partners now owns 79,522 shares of the semiconductor company’s stock worth $4,290,000 after buying an additional 16,049 shares in the last quarter. Millennium Management LLC raised its holdings in Ambarella by 7.0% during the second quarter. Millennium Management LLC now owns 1,447,466 shares of the semiconductor company’s stock worth $78,091,000 after purchasing an additional 94,257 shares in the last quarter. Sei Investments Co. acquired a new stake in Ambarella in the first quarter worth approximately $571,000. Headlands Technologies LLC bought a new position in Ambarella during the 1st quarter valued at $567,000. Finally, Duality Advisers LP boosted its stake in Ambarella by 67.9% during the 1st quarter. Duality Advisers LP now owns 34,292 shares of the semiconductor company’s stock valued at $1,741,000 after purchasing an additional 13,866 shares in the last quarter. Institutional investors and hedge funds own 82.09% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on AMBA shares. Stifel Nicolaus upped their price objective on Ambarella from $75.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. Roth Mkm reiterated a “neutral” rating and issued a $60.00 price target on shares of Ambarella in a research report on Wednesday, August 28th. Rosenblatt Securities restated a “buy” rating and set a $85.00 price objective on shares of Ambarella in a research report on Friday, August 23rd. Morgan Stanley boosted their target price on shares of Ambarella from $67.00 to $73.00 and gave the stock an “overweight” rating in a report on Wednesday, August 28th. Finally, Needham & Company LLC restated a “buy” rating and set a $90.00 target price on shares of Ambarella in a report on Wednesday, August 28th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Ambarella presently has an average rating of “Hold” and a consensus target price of $75.00.

Insider Buying and Selling

In other Ambarella news, VP Christopher Day sold 483 shares of Ambarella stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $53.54, for a total transaction of $25,859.82. Following the transaction, the vice president now owns 21,370 shares of the company’s stock, valued at $1,144,149.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Ambarella news, VP Yun-Lung Chen sold 5,963 shares of Ambarella stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $57.56, for a total transaction of $343,230.28. Following the completion of the sale, the vice president now owns 62,026 shares of the company’s stock, valued at $3,570,216.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Christopher Day sold 483 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $53.54, for a total transaction of $25,859.82. Following the transaction, the vice president now owns 21,370 shares in the company, valued at approximately $1,144,149.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,423 shares of company stock valued at $1,356,402. Corporate insiders own 5.70% of the company’s stock.

Ambarella Price Performance

AMBA stock opened at $58.26 on Friday. The firm has a market capitalization of $2.39 billion, a P/E ratio of -13.68 and a beta of 1.62. Ambarella, Inc. has a 52-week low of $39.69 and a 52-week high of $65.88. The company’s 50 day simple moving average is $54.05 and its 200-day simple moving average is $52.17.

Ambarella (NASDAQ:AMBA) last announced its earnings results on Tuesday, August 27th. The semiconductor company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.06. The company had revenue of $63.70 million for the quarter, compared to the consensus estimate of $62.10 million. Ambarella had a negative net margin of 79.46% and a negative return on equity of 26.01%. The company’s revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the business earned ($0.76) EPS. Sell-side analysts predict that Ambarella, Inc. will post -3 EPS for the current fiscal year.

Ambarella Company 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.