Symphony Financial Ltd. Co. purchased a new stake in Ambarella, Inc. (NASDAQ:AMBA) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 3,600 shares of the semiconductor company’s stock, valued at approximately $329,000.
Other institutional investors also recently added to or reduced their stakes in the company. Captrust Financial Advisors acquired a new stake in Ambarella in the 2nd quarter valued at $27,000. Hall Laurie J Trustee acquired a new stake in Ambarella in the 3rd quarter valued at $45,000. Nisa Investment Advisors LLC grew its stake in Ambarella by 306.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,260 shares of the semiconductor company’s stock valued at $66,000 after acquiring an additional 950 shares during the period. Banque Cantonale Vaudoise grew its stake in Ambarella by 20.6% in the 3rd quarter. Banque Cantonale Vaudoise now owns 1,502 shares of the semiconductor company’s stock valued at $79,000 after acquiring an additional 257 shares during the period. Finally, MUFG Securities EMEA plc acquired a new stake in Ambarella in the 3rd quarter valued at $113,000. 72.27% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts recently issued reports on AMBA shares. Craig Hallum lifted their price target on shares of Ambarella from $90.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, January 5th. Needham & Company LLC raised their price objective on Ambarella from $63.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, November 24th. Summit Insights upgraded Ambarella from a “hold” rating to a “buy” rating in a report on Monday, November 23rd. Deutsche Bank Aktiengesellschaft raised their price objective on Ambarella from $60.00 to $75.00 and gave the company a “hold” rating in a report on Thursday, December 17th. Finally, ValuEngine lowered Ambarella from a “buy” rating to a “hold” rating in a report on Saturday, December 5th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $80.36.
Ambarella (NASDAQ:AMBA) last issued its quarterly earnings data on Sunday, November 22nd. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.04. The firm had revenue of $56.09 million for the quarter, compared to analyst estimates of $54.09 million. Ambarella had a negative net margin of 27.64% and a negative return on equity of 12.74%. As a group, research analysts anticipate that Ambarella, Inc. will post -1.46 earnings per share for the current year.
In other Ambarella news, CTO Leslie Kohn sold 900 shares of Ambarella stock in a transaction dated Friday, November 20th. The stock was sold at an average price of $66.97, for a total value of $60,273.00. Following the completion of the transaction, the chief technology officer now directly owns 935,336 shares of the company’s stock, valued at approximately $62,639,451.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Elizabeth M. Schwarting sold 700 shares of Ambarella stock in a transaction dated Monday, November 30th. The shares were sold at an average price of $77.85, for a total value of $54,495.00. Following the completion of the transaction, the director now directly owns 213 shares of the company’s stock, valued at $16,582.05. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 95,303 shares of company stock worth $8,208,586. 5.69% of the stock is owned by insiders.
Ambarella Company Profile
Ambarella, Inc develops semiconductor processing solutions for video that enable high-definition (HD), video capture, analysis, sharing, and display worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, computer vision functionality, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.
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