Ambarella, Inc. (NASDAQ:AMBA) Shares Purchased by KBC Group NV

KBC Group NV lifted its holdings in Ambarella, Inc. (NASDAQ:AMBA) by 1.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,835 shares of the semiconductor company’s stock after acquiring an additional 525 shares during the period. KBC Group NV owned approximately 0.10% of Ambarella worth $2,360,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Point72 Asset Management L.P. lifted its stake in shares of Ambarella by 1,556.9% during the second quarter. Point72 Asset Management L.P. now owns 507,006 shares of the semiconductor company’s stock worth $27,353,000 after purchasing an additional 476,406 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Ambarella by 36.2% in the second quarter. The Manufacturers Life Insurance Company now owns 1,291,900 shares of the semiconductor company’s stock valued at $69,698,000 after acquiring an additional 343,385 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Ambarella by 69.2% during the second quarter. Marshall Wace LLP now owns 613,346 shares of the semiconductor company’s stock worth $33,090,000 after purchasing an additional 250,778 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Ambarella by 6.1% in the first quarter. Vanguard Group Inc. now owns 4,340,831 shares of the semiconductor company’s stock valued at $220,384,000 after purchasing an additional 248,297 shares during the period. Finally, Acadian Asset Management LLC lifted its holdings in Ambarella by 230.1% in the 2nd quarter. Acadian Asset Management LLC now owns 172,444 shares of the semiconductor company’s stock worth $9,299,000 after buying an additional 120,204 shares in the last quarter. Institutional investors and hedge funds own 82.09% of the company’s stock.

Ambarella Price Performance

Shares of NASDAQ AMBA opened at $57.44 on Tuesday. The firm has a market capitalization of $2.37 billion, a PE ratio of -13.30 and a beta of 1.63. Ambarella, Inc. has a 1-year low of $39.69 and a 1-year high of $65.88. The business’s fifty day moving average price is $56.88 and its two-hundred day moving average price is $54.13.

Ambarella (NASDAQ:AMBA) last issued its quarterly earnings results on Tuesday, August 27th. The semiconductor company reported ($0.13) earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $63.70 million during the quarter, compared to analyst estimates of $62.10 million. During the same period in the prior year, the business posted ($0.76) EPS. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. Equities research analysts expect that Ambarella, Inc. will post -3 earnings per share for the current fiscal year.

Analyst Ratings Changes

AMBA has been the subject of a number of analyst reports. TD Cowen increased their price target on Ambarella from $65.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, August 28th. Bank of America increased their price objective on shares of Ambarella from $50.00 to $57.00 and gave the company an “underperform” rating in a research note on Wednesday, August 28th. Susquehanna cut their target price on shares of Ambarella from $80.00 to $70.00 and set a “positive” rating on the stock in a research note on Monday, October 21st. Stifel Nicolaus lifted their price target on Ambarella from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. Finally, Roth Mkm restated a “neutral” rating and set a $60.00 price objective on shares of Ambarella in a research note on Wednesday, August 28th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $74.09.

Insider Activity

In related news, COO Chan W. Lee sold 1,490 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $53.54, for a total transaction of $79,774.60. Following the completion of the sale, the chief operating officer now directly owns 121,406 shares in the company, valued at approximately $6,500,077.24. This trade represents a 1.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Yun-Lung Chen sold 5,963 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $57.56, for a total value of $343,230.28. Following the completion of the transaction, the vice president now directly owns 62,026 shares in the company, valued at $3,570,216.56. This represents a 8.77 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,423 shares of company stock worth $1,356,402. 5.70% of the stock is owned by company insiders.

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.