4,592 Shares in Ambarella, Inc. (NASDAQ:AMBA) Acquired by AQR Capital Management LLC

AQR Capital Management LLC purchased a new position in shares of Ambarella, Inc. (NASDAQ:AMBA) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 4,592 shares of the semiconductor company’s stock, valued at approximately $248,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new position in Ambarella during the 2nd quarter worth approximately $26,000. CWM LLC grew its holdings in Ambarella by 127.7% during the 2nd quarter. CWM LLC now owns 542 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 304 shares in the last quarter. Van ECK Associates Corp grew its holdings in Ambarella by 62.1% during the 2nd quarter. Van ECK Associates Corp now owns 1,441 shares of the semiconductor company’s stock worth $78,000 after acquiring an additional 552 shares in the last quarter. Larson Financial Group LLC grew its holdings in Ambarella by 13,576.9% during the 1st quarter. Larson Financial Group LLC now owns 1,778 shares of the semiconductor company’s stock worth $90,000 after acquiring an additional 1,765 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in Ambarella during the 1st quarter worth approximately $205,000. Institutional investors and hedge funds own 82.09% of the company’s stock.

Ambarella Price Performance

AMBA stock opened at $57.49 on Friday. The company has a fifty day moving average price of $53.76 and a 200 day moving average price of $52.11. Ambarella, Inc. has a 12 month low of $39.69 and a 12 month high of $65.88. The company has a market cap of $2.36 billion, a price-to-earnings ratio of -13.50 and a beta of 1.62.

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

Analysts Set New Price Targets

AMBA has been the subject of several analyst reports. Rosenblatt Securities reiterated a “buy” rating and set a $85.00 price target on shares of Ambarella in a report on Friday, August 23rd. Craig Hallum upped their target price on shares of Ambarella from $80.00 to $85.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. TD Cowen upped their target price on shares of Ambarella from $65.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, August 28th. Westpark Capital restated a “buy” rating and issued a $85.00 target price on shares of Ambarella in a report on Monday, August 26th. Finally, Roth Mkm restated a “neutral” rating and issued a $60.00 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, the company presently has a consensus rating of “Hold” and a consensus price target of $75.00.

Insiders Place Their Bets

In other Ambarella news, CEO Feng-Ming Wang sold 4,382 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $56.02, for a total transaction of $245,479.64. Following the completion of the transaction, the chief executive officer now owns 803,574 shares in the company, valued at approximately $45,016,215.48. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Ambarella news, CEO Feng-Ming Wang sold 4,382 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $56.02, for a total transaction of $245,479.64. Following the completion of the transaction, the chief executive officer now owns 803,574 shares in the company, valued at approximately $45,016,215.48. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Christopher Day sold 2,904 shares of the company’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $58.00, for a total transaction of $168,432.00. Following the transaction, the vice president now owns 18,466 shares of the company’s stock, valued at approximately $1,071,028. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,423 shares of company stock worth $1,356,402. 5.70% of the stock is owned by insiders.

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.