Ambarella, Inc. (NASDAQ:AMBA) Holdings Trimmed by Teachers Advisors LLC

Teachers Advisors LLC cut its stake in Ambarella, Inc. (NASDAQ:AMBA) by 75.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 58,462 shares of the semiconductor company’s stock after selling 182,542 shares during the period. Teachers Advisors LLC owned approximately 0.17% of Ambarella worth $2,838,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Ambarella by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 2,084,839 shares of the semiconductor company’s stock worth $114,061,000 after purchasing an additional 104,382 shares in the last quarter. Tudor Investment Corp ET AL purchased a new position in shares of Ambarella during the 1st quarter worth approximately $796,000. Tributary Capital Management LLC increased its stake in shares of Ambarella by 11.9% during the 2nd quarter. Tributary Capital Management LLC now owns 266,700 shares of the semiconductor company’s stock worth $12,948,000 after purchasing an additional 28,303 shares in the last quarter. First National Bank of Omaha increased its stake in shares of Ambarella by 0.9% during the 2nd quarter. First National Bank of Omaha now owns 22,583 shares of the semiconductor company’s stock worth $1,096,000 after purchasing an additional 205 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its stake in shares of Ambarella by 48.9% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 5,368 shares of the semiconductor company’s stock worth $261,000 after purchasing an additional 1,763 shares in the last quarter. 57.09% of the stock is owned by institutional investors.

Shares of Ambarella, Inc. (AMBA) opened at 54.94 on Friday. Ambarella, Inc. has a 1-year low of $40.06 and a 1-year high of $65.78. The company’s 50-day moving average is $48.90 and its 200 day moving average is $52.21. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of 35.89 and a beta of 1.57.

Ambarella (NASDAQ:AMBA) last posted its quarterly earnings data on Thursday, August 31st. The semiconductor company reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.04. Ambarella had a net margin of 16.45% and a return on equity of 11.94%. The business had revenue of $71.63 million during the quarter, compared to analysts’ expectations of $70.79 million. During the same quarter in the prior year, the business posted $0.54 earnings per share. Ambarella’s revenue was up 10.0% compared to the same quarter last year. On average, analysts expect that Ambarella, Inc. will post $1.89 EPS for the current fiscal year.

AMBA has been the subject of several recent analyst reports. Roth Capital reaffirmed a “buy” rating and issued a $65.00 target price on shares of Ambarella in a research note on Thursday, August 31st. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Ambarella in a report on Friday, September 1st. Needham & Company LLC restated a “hold” rating on shares of Ambarella in a report on Friday, September 1st. Dougherty & Co reduced their target price on shares of Ambarella from $75.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, September 1st. Finally, Stifel Nicolaus cut their price objective on shares of Ambarella from $64.00 to $52.00 and set a “buy” rating on the stock in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $58.86.

In other Ambarella news, insider Leslie Kohn sold 6,467 shares of the business’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $46.50, for a total transaction of $300,715.50. Following the completion of the transaction, the insider now owns 907,645 shares of the company’s stock, valued at $42,205,492.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Christopher Day sold 1,529 shares of the business’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $46.50, for a total value of $71,098.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,835 shares of company stock valued at $1,301,265. Insiders own 5.80% of the company’s stock.

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Ambarella Profile

Ambarella, Inc offers semiconductor processing solutions for video that enable high-definition (HD), video capture, sharing and display. The Company operates through the development and sale of low-power, high-definition video products segment. Its system-on-a-chip designs incorporate HD video processing, image processing, audio processing and system functions onto a single chip.

Institutional Ownership by Quarter for Ambarella (NASDAQ:AMBA)

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