Savant Capital LLC Acquires Shares of 17,020 Ambarella, Inc. $AMBA

Savant Capital LLC bought a new stake in Ambarella, Inc. (NASDAQ:AMBA) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 17,020 shares of the semiconductor company’s stock, valued at approximately $1,124,000.

A number of other hedge funds have also made changes to their positions in AMBA. Bayforest Capital Ltd increased its holdings in shares of Ambarella by 72.2% during the second quarter. Bayforest Capital Ltd now owns 9,461 shares of the semiconductor company’s stock worth $625,000 after buying an additional 3,966 shares in the last quarter. Sigma Planning Corp acquired a new position in shares of Ambarella in the 2nd quarter worth approximately $373,000. Wealth Enhancement Advisory Services LLC bought a new stake in Ambarella during the 2nd quarter worth approximately $471,000. Stanley Laman Group Ltd. acquired a new stake in Ambarella during the 2nd quarter valued at $7,344,000. Finally, Asset Management One Co. Ltd. increased its holdings in Ambarella by 268.8% during the 2nd quarter. Asset Management One Co. Ltd. now owns 5,407 shares of the semiconductor company’s stock valued at $357,000 after purchasing an additional 3,941 shares in the last quarter. Institutional investors and hedge funds own 82.09% of the company’s stock.

Insiders Place Their Bets

In other news, VP Chi-Hong Ju sold 6,156 shares of the business’s stock in a transaction dated Tuesday, October 14th. The stock was sold at an average price of $80.96, for a total transaction of $498,389.76. Following the completion of the transaction, the vice president directly owned 158,874 shares in the company, valued at approximately $12,862,439.04. The trade was a 3.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Yun-Lung Chen sold 8,492 shares of the company’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $84.42, for a total value of $716,894.64. Following the completion of the sale, the vice president directly owned 61,651 shares of the company’s stock, valued at approximately $5,204,577.42. This trade represents a 12.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 35,227 shares of company stock worth $2,875,131 over the last three months. Insiders own 5.30% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on AMBA. BNP Paribas raised Ambarella to a “strong-buy” rating in a research note on Friday, August 29th. Susquehanna upped their price target on shares of Ambarella from $80.00 to $90.00 and gave the stock a “positive” rating in a research report on Tuesday, July 22nd. Morgan Stanley increased their price objective on shares of Ambarella from $80.00 to $96.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. Needham & Company LLC boosted their target price on shares of Ambarella from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Finally, Northland Securities upped their target price on shares of Ambarella from $75.00 to $95.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $93.88.

Ambarella Stock Up 2.1%

Shares of AMBA stock opened at $95.51 on Thursday. The firm has a market cap of $4.08 billion, a price-to-earnings ratio of -45.27 and a beta of 2.14. Ambarella, Inc. has a 12 month low of $38.86 and a 12 month high of $96.69. The stock has a 50-day moving average price of $84.33 and a 200 day moving average price of $70.18.

Ambarella (NASDAQ:AMBA) last issued its earnings results on Thursday, August 28th. The semiconductor company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.10. The company had revenue of $95.51 million for the quarter, compared to analyst estimates of $90.01 million. Ambarella had a negative net margin of 25.46% and a negative return on equity of 14.73%. The company’s revenue for the quarter was up 49.9% on a year-over-year basis. During the same quarter last year, the firm earned ($0.13) EPS. Ambarella has set its Q3 2026 guidance at EPS. Sell-side analysts predict that Ambarella, Inc. will post -2.81 earnings per share 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.