Legal & General Group Plc grew its position in Ambarella Inc (NASDAQ:AMBA) by 21.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,538 shares of the semiconductor company’s stock after buying an additional 2,411 shares during the period. Legal & General Group Plc’s holdings in Ambarella were worth $663,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of AMBA. Victory Capital Management Inc. grew its stake in shares of Ambarella by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 2,240 shares of the semiconductor company’s stock valued at $109,000 after buying an additional 337 shares during the period. Turner Investments LLC purchased a new position in shares of Ambarella during the 3rd quarter worth approximately $172,000. Amalgamated Bank boosted its position in shares of Ambarella by 3.6% during the 2nd quarter. Amalgamated Bank now owns 4,126 shares of the semiconductor company’s stock worth $200,000 after purchasing an additional 143 shares during the period. Aperio Group LLC purchased a new position in shares of Ambarella during the 3rd quarter worth approximately $213,000. Finally, Raymond James Financial Services Advisors Inc. boosted its position in shares of Ambarella by 17.6% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 4,908 shares of the semiconductor company’s stock worth $238,000 after purchasing an additional 734 shares during the period. 63.01% of the stock is owned by institutional investors and hedge funds.
In other news, VP Yun-Lung Chen sold 11,340 shares of the firm’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $59.80, for a total value of $678,132.00. Following the sale, the vice president now directly owns 11,386 shares in the company, valued at approximately $680,882.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Christopher Day sold 1,111 shares of the firm’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $57.69, for a total transaction of $64,093.59. Following the completion of the sale, the vice president now owns 22,216 shares in the company, valued at $1,281,641.04. The disclosure for this sale can be found here. Insiders sold a total of 36,553 shares of company stock worth $2,145,108 over the last 90 days. Company insiders own 5.80% of the company’s stock.
AMBA has been the subject of a number of research analyst reports. Canaccord Genuity reaffirmed a “buy” rating and set a $65.00 price objective (up previously from $58.00) on shares of Ambarella in a research report on Friday, October 13th. Morgan Stanley reaffirmed an “overweight” rating and set a $60.00 price objective on shares of Ambarella in a research report on Thursday, September 7th. Zacks Investment Research raised shares of Ambarella from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. KeyCorp reaffirmed a “hold” rating on shares of Ambarella in a research report on Friday, November 3rd. Finally, ValuEngine raised shares of Ambarella from a “sell” rating to a “hold” rating in a research report on Friday, September 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $60.14.
Shares of Ambarella Inc (AMBA) opened at $63.30 on Friday. The stock has a market cap of $2,110.00, a P/E ratio of 60.87, a price-to-earnings-growth ratio of 6.04 and a beta of 1.59. Ambarella Inc has a fifty-two week low of $40.06 and a fifty-two week high of $66.23.
Ambarella (NASDAQ:AMBA) last released its earnings results on Thursday, November 30th. The semiconductor company reported $0.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.08. The company had revenue of $89.06 million for the quarter, compared to analyst estimates of $89.41 million. Ambarella had a net margin of 11.51% and a return on equity of 7.87%. The firm’s quarterly revenue was down 11.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.11 EPS. research analysts expect that Ambarella Inc will post 0.7 EPS for the current year.
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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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