OFI Invest Asset Management Sells 411 Shares of Ambarella, Inc. $AMBA

OFI Invest Asset Management lessened its holdings in shares of Ambarella, Inc. (NASDAQ:AMBA) by 3.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,974 shares of the semiconductor company’s stock after selling 411 shares during the quarter. OFI Invest Asset Management’s holdings in Ambarella were worth $791,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. boosted its position in Ambarella by 44.1% during the first quarter. Advisors Asset Management Inc. now owns 935 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 286 shares during the period. Banque Transatlantique SA bought a new position in Ambarella during the first quarter worth about $50,000. Larson Financial Group LLC boosted its position in Ambarella by 111.9% during the first quarter. Larson Financial Group LLC now owns 1,195 shares of the semiconductor company’s stock worth $60,000 after purchasing an additional 631 shares during the period. Quarry LP boosted its position in Ambarella by 611.5% during the first quarter. Quarry LP now owns 1,793 shares of the semiconductor company’s stock worth $90,000 after purchasing an additional 1,541 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ boosted its position in Ambarella by 452.4% during the first quarter. Skandinaviska Enskilda Banken AB publ now owns 2,497 shares of the semiconductor company’s stock worth $126,000 after purchasing an additional 2,045 shares during the period. Institutional investors own 82.09% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on AMBA. Stifel Nicolaus increased their target price on shares of Ambarella from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Northland Securities raised their price objective on shares of Ambarella from $75.00 to $95.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Bank of America raised their price objective on shares of Ambarella from $63.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday, August 29th. Oppenheimer restated a “market perform” rating on shares of Ambarella in a research report on Friday, August 29th. Finally, Rosenblatt Securities raised their price objective on shares of Ambarella from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $93.88.

Insider Buying and Selling at Ambarella

In other Ambarella news, Director Elizabeth M. Schwarting sold 2,664 shares of Ambarella stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $85.38, for a total transaction of $227,452.32. Following the completion of the sale, the director directly owned 7,314 shares in the company, valued at $624,469.32. The trade was a 26.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Leslie Kohn sold 2,249 shares of Ambarella stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $79.43, for a total transaction of $178,638.07. Following the sale, the chief technology officer owned 977,428 shares of the company’s stock, valued at approximately $77,637,106.04. The trade was a 0.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,014 shares of company stock valued at $1,965,658 over the last quarter. Company insiders own 5.70% of the company’s stock.

Ambarella Price Performance

Shares of Ambarella stock opened at $72.88 on Monday. Ambarella, Inc. has a 1 year low of $38.86 and a 1 year high of $93.44. The firm has a market cap of $3.11 billion, a PE ratio of -34.54 and a beta of 2.10. The company has a 50 day simple moving average of $76.89 and a two-hundred day simple moving average of $63.61.

Ambarella (NASDAQ:AMBA) last announced its earnings results on Thursday, August 28th. The semiconductor company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.10. Ambarella had a negative net margin of 25.46% and a negative return on equity of 14.73%. The business had revenue of $95.51 million during the quarter, compared to analyst estimates of $90.01 million. During the same period in the previous year, the business posted ($0.13) earnings per share. Ambarella’s revenue for the quarter was up 49.9% on a year-over-year basis. Ambarella has set its Q3 2026 guidance at EPS. As a group, research analysts anticipate that Ambarella, Inc. will post -2.81 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.