Strs Ohio Has $876,000 Stock Position in Ambarella, Inc. (NASDAQ:AMBA)

Strs Ohio cut its holdings in Ambarella, Inc. (NASDAQ:AMBA) by 12.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,300 shares of the semiconductor company’s stock after selling 2,100 shares during the quarter. Strs Ohio’s holdings in Ambarella were worth $876,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Tributary Capital Management LLC lifted its position in shares of Ambarella by 20.2% during the 4th quarter. Tributary Capital Management LLC now owns 225,937 shares of the semiconductor company’s stock valued at $13,848,000 after acquiring an additional 38,018 shares during the period. Quantbot Technologies LP raised its holdings in shares of Ambarella by 1,300.9% during the third quarter. Quantbot Technologies LP now owns 22,709 shares of the semiconductor company’s stock valued at $1,204,000 after purchasing an additional 21,088 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Ambarella by 3.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 294,469 shares of the semiconductor company’s stock worth $15,616,000 after purchasing an additional 10,774 shares in the last quarter. Aigen Investment Management LP acquired a new stake in shares of Ambarella in the 3rd quarter valued at about $614,000. Finally, Deutsche Bank AG increased its position in Ambarella by 49.8% in the 3rd quarter. Deutsche Bank AG now owns 26,832 shares of the semiconductor company’s stock valued at $1,423,000 after buying an additional 8,921 shares in the last quarter. 82.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AMBA has been the subject of a number of research reports. Wells Fargo & Company cut Ambarella from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $85.00 to $65.00 in a research note on Wednesday, January 3rd. Needham & Company LLC restated a “buy” rating and set a $90.00 price objective on shares of Ambarella in a report on Wednesday, February 28th. Susquehanna raised their price objective on shares of Ambarella from $70.00 to $80.00 and gave the company a “positive” rating in a research note on Wednesday, February 28th. Morgan Stanley boosted their target price on shares of Ambarella from $67.00 to $73.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 28th. Finally, Bank of America dropped their price target on shares of Ambarella from $62.00 to $50.00 and set an “underperform” rating on the stock in a research report on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $71.08.

Insider Transactions at Ambarella

In related news, CEO Feng-Ming Wang sold 2,173 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $49.27, for a total transaction of $107,063.71. Following the completion of the transaction, the chief executive officer now owns 806,632 shares in the company, valued at $39,742,758.64. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Ambarella news, CEO Feng-Ming Wang sold 2,173 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 transaction of $107,063.71. Following the completion of the transaction, the chief executive officer now directly owns 806,632 shares of the company’s stock, valued at $39,742,758.64. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Leslie Kohn sold 1,198 shares of the firm’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 $59,025.46. Following the completion of the sale, the chief technology officer now directly owns 964,664 shares of the company’s stock, valued at $47,528,995.28. The disclosure for this sale can be found here. Insiders have sold 6,648 shares of company stock worth $327,595 in the last ninety days. Company insiders own 5.90% of the company’s stock.

Ambarella Stock Performance

NASDAQ:AMBA opened at $42.56 on Thursday. Ambarella, Inc. has a 52 week low of $40.31 and a 52 week high of $89.18. The firm has a 50-day moving average price of $50.87 and a two-hundred day moving average price of $53.64. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of -10.04 and a beta of 1.66.

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

Ambarella 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.