Oak Associates Ltd. OH Takes $521,000 Position in Ambarella, Inc. $AMBA

Oak Associates Ltd. OH purchased a new position in shares of Ambarella, Inc. (NASDAQ:AMBA) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 7,885 shares of the semiconductor company’s stock, valued at approximately $521,000.

Other hedge funds have also recently bought and sold shares of the company. Advisors Asset Management Inc. raised its holdings in Ambarella by 21.3% during the second quarter. Advisors Asset Management Inc. now owns 1,134 shares of the semiconductor company’s stock worth $75,000 after purchasing an additional 199 shares during the last quarter. Summit Global Investments increased its position in shares of Ambarella by 6.9% in the second quarter. Summit Global Investments now owns 12,666 shares of the semiconductor company’s stock valued at $837,000 after buying an additional 823 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in shares of Ambarella by 4.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,160 shares of the semiconductor company’s stock worth $275,000 after buying an additional 196 shares during the last quarter. Segall Bryant & Hamill LLC boosted its position in shares of Ambarella by 11.4% in the 2nd quarter. Segall Bryant & Hamill LLC now owns 344,834 shares of the semiconductor company’s stock worth $22,781,000 after buying an additional 35,314 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Ambarella by 6.0% in the 2nd quarter. Rhumbline Advisers now owns 62,113 shares of the semiconductor company’s stock worth $4,103,000 after buying an additional 3,542 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, VP Chi-Hong Ju sold 6,156 shares of Ambarella stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of $80.96, for a total value of $498,389.76. Following the transaction, the vice president owned 158,874 shares in the company, valued at $12,862,439.04. This trade represents a 3.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Yun-Lung Chen sold 8,492 shares of the business’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $84.42, for a total transaction of $716,894.64. Following the sale, the vice president directly owned 61,651 shares of the company’s stock, valued at $5,204,577.42. This represents a 12.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 35,227 shares of company stock worth $2,875,131. 5.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

AMBA has been the subject of a number of research reports. Needham & Company LLC lifted their target price on shares of Ambarella from $90.00 to $100.00 and gave the stock a “buy” 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 stock a “neutral” rating in a research note on Friday, August 29th. Morgan Stanley upped their target price on Ambarella from $80.00 to $96.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. Northland Securities increased their target price on Ambarella from $75.00 to $95.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Finally, BNP Paribas raised Ambarella to a “strong-buy” rating in a report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Ambarella has a consensus rating of “Moderate Buy” and an average price target of $93.88.

Ambarella Stock Performance

Shares of NASDAQ AMBA opened at $89.57 on Tuesday. Ambarella, Inc. has a 1 year low of $38.86 and a 1 year high of $96.69. The firm’s 50 day moving average price is $84.93 and its 200 day moving average price is $72.40. The firm has a market cap of $3.82 billion, a P/E ratio of -42.45 and a beta of 2.14.

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