Legal & General Group Plc Boosts Stock Position in Ambarella, Inc. $AMBA

Legal & General Group Plc lifted its stake in Ambarella, Inc. (NASDAQ:AMBA) by 9.3% in the second quarter, Holdings Channel.com reports. The fund owned 634,477 shares of the semiconductor company’s stock after purchasing an additional 53,917 shares during the period. Legal & General Group Plc’s holdings in Ambarella were worth $41,917,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMBA. Bayforest Capital Ltd grew its holdings in Ambarella by 72.2% during the 2nd quarter. Bayforest Capital Ltd now owns 9,461 shares of the semiconductor company’s stock valued at $625,000 after buying an additional 3,966 shares in the last quarter. Sigma Planning Corp purchased a new stake in shares of Ambarella in the second quarter worth about $373,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Ambarella in the second quarter worth about $471,000. Stanley Laman Group Ltd. bought a new position in shares of Ambarella in the second quarter valued at approximately $7,344,000. Finally, Asset Management One Co. Ltd. grew its stake in Ambarella by 268.8% during the second quarter. Asset Management One Co. Ltd. now owns 5,407 shares of the semiconductor company’s stock valued at $357,000 after acquiring an additional 3,941 shares in the last quarter. 82.09% of the stock is currently owned by institutional investors.

Ambarella Stock Performance

Shares of NASDAQ:AMBA opened at $73.89 on Thursday. The firm has a market capitalization of $3.15 billion, a PE ratio of -35.02 and a beta of 2.14. Ambarella, Inc. has a 52-week low of $38.86 and a 52-week high of $96.69. The firm has a fifty day moving average of $85.05 and a 200 day moving average of $72.67.

Ambarella (NASDAQ:AMBA) last released its quarterly earnings results on Tuesday, November 25th. The semiconductor company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.06. Ambarella had a negative return on equity of 14.73% and a negative net margin of 25.46%.The business had revenue of $108.45 million for the quarter, compared to the consensus estimate of $104.11 million. During the same quarter last year, the business posted $0.11 earnings per share. The company’s revenue for the quarter was up 31.2% on a year-over-year basis. Ambarella has set its Q4 2026 guidance at EPS. On average, sell-side analysts forecast that Ambarella, Inc. will post -2.81 EPS for the current fiscal year.

Insider Activity at Ambarella

In related news, Director Elizabeth M. Schwarting sold 2,664 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $85.38, for a total value of $227,452.32. Following the completion of the sale, the director owned 7,314 shares in the company, valued at $624,469.32. The trade was a 26.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Chi-Hong Ju sold 6,156 shares of the stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of $80.96, for a total transaction of $498,389.76. Following the transaction, the vice president owned 158,874 shares in the company, valued at $12,862,439.04. The trade was a 3.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 35,227 shares of company stock worth $2,875,131 in the last quarter. 5.30% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Rosenblatt Securities set a $115.00 target price on shares of Ambarella in a research note on Wednesday. Oppenheimer reaffirmed a “market perform” rating on shares of Ambarella in a report on Friday, August 29th. Morgan Stanley increased their price objective on Ambarella from $80.00 to $96.00 and gave the stock an “overweight” rating in a research report on Friday, August 29th. Summit Insights raised Ambarella from a “hold” rating to a “buy” rating in a research note on Friday, August 29th. Finally, Roth Capital restated a “neutral” rating on shares of Ambarella in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Ambarella has a consensus rating of “Moderate Buy” and an average target price of $96.00.

About Ambarella

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.