Raymond James & Associates Increases Stock Holdings in Ambarella, Inc. (NASDAQ:AMBA)

Raymond James & Associates increased its stake in Ambarella, Inc. (NASDAQ:AMBA) by 2.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,114 shares of the semiconductor company’s stock after acquiring an additional 307 shares during the quarter. Raymond James & Associates’ holdings in Ambarella were worth $681,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Acadian Asset Management LLC purchased a new position in shares of Ambarella in the third quarter valued at approximately $66,000. Migdal Insurance & Financial Holdings Ltd. boosted its stake in Ambarella by 39.3% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,546 shares of the semiconductor company’s stock worth $80,000 after purchasing an additional 436 shares during the last quarter. Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Ambarella by 52.3% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 1,656 shares of the semiconductor company’s stock worth $88,000 after buying an additional 569 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Ambarella during the third quarter worth $101,000. Finally, Asset Management One Co. Ltd. acquired a new stake in shares of Ambarella in the third quarter valued at about $144,000. 82.09% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, COO Chan W. Lee sold 1,075 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $49.27, for a total value of $52,965.25. Following the completion of the transaction, the chief operating officer now owns 124,146 shares of the company’s stock, valued at $6,116,673.42. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, COO Chan W. Lee sold 1,075 shares of Ambarella 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 completion of the transaction, the chief operating officer now directly owns 124,146 shares in the company, valued at $6,116,673.42. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Leslie Kohn sold 1,198 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $49.27, for a total value of $59,025.46. Following the sale, the chief technology officer now owns 964,664 shares in the company, valued at approximately $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 over the last three months. Company insiders own 5.90% of the company’s stock.

Ambarella Stock Performance

Ambarella stock opened at $42.56 on Thursday. The company has a market capitalization of $1.74 billion, a PE ratio of -10.04 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. The firm has a 50 day moving average price of $50.87 and a 200 day moving average price of $53.64.

Ambarella (NASDAQ:AMBA) last issued its quarterly earnings data on Tuesday, February 27th. The semiconductor company reported ($0.95) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.98) by $0.03. The business had revenue of $51.62 million during the quarter, compared to analysts’ expectations 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 research analysts forecast that Ambarella, Inc. will post -3.53 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on AMBA shares. Morgan Stanley boosted their price target 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. Wells Fargo & Company lowered Ambarella from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $85.00 to $65.00 in a research report on Wednesday, January 3rd. Needham & Company LLC reiterated a “buy” rating and set a $90.00 price objective on shares of Ambarella in a research report on Wednesday, February 28th. Susquehanna upped their target price on Ambarella from $70.00 to $80.00 and gave the company a “positive” rating in a report on Wednesday, February 28th. Finally, StockNews.com upgraded Ambarella to a “sell” rating in a report on Saturday, April 13th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Ambarella has a consensus rating of “Hold” and an average price target of $71.08.

Ambarella 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.