Western Wealth Management LLC Sells 1,200 Shares of Ambarella, Inc. (NASDAQ:AMBA)

Western Wealth Management LLC reduced its stake in shares of Ambarella, Inc. (NASDAQ:AMBA) by 18.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 5,300 shares of the semiconductor company’s stock after selling 1,200 shares during the period. Western Wealth Management LLC’s holdings in Ambarella were worth $325,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Ambarella by 3.6% in the 3rd quarter. Vanguard Group Inc. now owns 4,022,670 shares of the semiconductor company’s stock worth $213,322,000 after purchasing an additional 139,767 shares in the last quarter. Rokos Capital Management LLP lifted its holdings in Ambarella by 121.0% in the 3rd quarter. Rokos Capital Management LLP now owns 649,574 shares of the semiconductor company’s stock worth $34,626,000 after purchasing an additional 355,689 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Ambarella by 31.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 429,892 shares of the semiconductor company’s stock worth $22,797,000 after purchasing an additional 103,978 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in Ambarella by 1,276.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 403,197 shares of the semiconductor company’s stock worth $24,712,000 after purchasing an additional 373,915 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in Ambarella by 2.3% in the 3rd quarter. Northern Trust Corp now owns 374,444 shares of the semiconductor company’s stock worth $19,857,000 after purchasing an additional 8,587 shares in the last quarter. 82.09% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ambarella

In other Ambarella news, CEO Feng-Ming Wang sold 2,173 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $49.27, for a total value of $107,063.71. Following the transaction, the chief executive officer now owns 806,632 shares of the company’s stock, valued at approximately $39,742,758.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Ambarella news, CEO Feng-Ming Wang sold 2,173 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $49.27, for a total value of $107,063.71. Following the transaction, the chief executive officer now owns 806,632 shares of the company’s stock, valued at approximately $39,742,758.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Chan W. Lee sold 1,075 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $49.27, for a total value of $52,965.25. Following the transaction, the chief operating officer now directly owns 124,146 shares in the company, valued at approximately $6,116,673.42. The disclosure for this sale can be found here. Insiders have sold 6,648 shares of company stock valued at $327,595 in the last quarter. 5.90% of the stock is owned by insiders.

Ambarella Stock Performance

NASDAQ AMBA opened at $41.05 on Tuesday. The business’s 50 day moving average price is $51.32 and its 200-day moving average price is $53.80. The company has a market cap of $1.68 billion, a P/E ratio of -9.68 and a beta of 1.66. Ambarella, Inc. has a fifty-two week low of $40.31 and a fifty-two week high of $89.18.

Ambarella (NASDAQ:AMBA) last announced its quarterly earnings data on Tuesday, February 27th. The semiconductor company reported ($0.95) EPS for the quarter, beating the consensus estimate of ($0.98) by $0.03. The company had revenue of $51.62 million for the quarter, compared to the consensus estimate of $51.68 million. Ambarella had a negative return on equity of 23.78% and a negative net margin of 74.81%. As a group, equities analysts predict that Ambarella, Inc. will post -3.53 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on AMBA shares. Wells Fargo & Company cut Ambarella from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $85.00 to $65.00 in a report on Wednesday, January 3rd. Bank of America decreased their price objective on Ambarella from $62.00 to $50.00 and set an “underperform” rating on the stock in a report on Tuesday, April 16th. Morgan Stanley upped their price objective on Ambarella from $67.00 to $73.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. StockNews.com raised Ambarella to a “sell” rating in a report on Saturday, April 13th. Finally, Susquehanna upped their price objective on Ambarella from $70.00 to $80.00 and gave the stock a “positive” rating in a report on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $71.08.

Ambarella Company Profile

Ambarella, Inc develops semiconductor solutions that enable high-definition (HD) and ultra HD compression, image processing, and deep neural network 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.