Van Berkom & Associates Inc. lifted its stake in Ambarella, Inc. (NASDAQ:AMBA) by 6.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,316,350 shares of the semiconductor company’s stock after acquiring an additional 80,867 shares during the period. Ambarella makes up about 2.3% of Van Berkom & Associates Inc.’s holdings, making the stock its 15th largest holding. Van Berkom & Associates Inc. owned 3.96% of Ambarella worth $64,514,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. raised its position in shares of Ambarella by 17.7% in the second quarter. Victory Capital Management Inc. now owns 2,240 shares of the semiconductor company’s stock worth $109,000 after buying an additional 337 shares in the last quarter. Turner Investments LLC purchased a new stake in shares of Ambarella in the third quarter worth $172,000. Amalgamated Bank raised its position in shares of Ambarella by 3.6% in the second quarter. Amalgamated Bank now owns 4,126 shares of the semiconductor company’s stock worth $200,000 after buying an additional 143 shares in the last quarter. Aperio Group LLC purchased a new stake in shares of Ambarella in the third quarter worth $213,000. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of Ambarella by 17.6% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 4,908 shares of the semiconductor company’s stock worth $238,000 after buying an additional 734 shares in the last quarter. 59.92% of the stock is owned by hedge funds and other institutional investors.
Ambarella, Inc. (AMBA) opened at $58.44 on Monday. Ambarella, Inc. has a 12 month low of $40.06 and a 12 month high of $65.39. The stock has a market capitalization of $1,941.03, a PE ratio of 37.70, a PEG ratio of 6.19 and a beta of 1.59.
Ambarella (NASDAQ:AMBA) last announced its quarterly earnings data on Thursday, August 31st. The semiconductor company reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.04. Ambarella had a return on equity of 11.94% and a net margin of 16.45%. The firm had revenue of $71.63 million for the quarter, compared to analysts’ expectations of $70.79 million. During the same period last year, the firm earned $0.54 earnings per share. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. equities analysts predict that Ambarella, Inc. will post 0.64 EPS for the current fiscal year.
AMBA has been the topic of a number of recent analyst reports. ValuEngine upgraded Ambarella from a “sell” rating to a “hold” rating in a research report on Friday, September 8th. Dougherty & Co lowered their price objective on Ambarella from $75.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, September 1st. Morgan Stanley restated an “overweight” rating and set a $60.00 price target on shares of Ambarella in a research report on Wednesday, September 27th. Deutsche Bank AG restated a “hold” rating and set a $49.00 price target (down previously from $54.00) on shares of Ambarella in a research report on Friday, September 1st. Finally, Roth Capital restated a “buy” rating and set a $65.00 price target on shares of Ambarella in a research report on Thursday, August 31st. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $59.77.
In other news, CEO Feng-Ming Wang sold 11,629 shares of the firm’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $46.50, for a total transaction of $540,748.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Leslie Kohn sold 6,467 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $46.50, for a total value of $300,715.50. Following the transaction, the insider now directly owns 907,645 shares in the company, valued at $42,205,492.50. The disclosure for this sale can be found here. Insiders have sold 27,835 shares of company stock worth $1,301,265 over the last ninety days. Insiders own 5.80% of the company’s stock.
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Ambarella, Inc offers semiconductor processing solutions for video that enable high-definition (HD), video capture, sharing and display. The Company operates through the development and sale of low-power, high-definition video products segment. Its system-on-a-chip designs incorporate HD video processing, image processing, audio processing and system functions onto a single chip.
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