Fmr LLC Has $6.38 Million Stake in Ambarella, Inc. (AMBA)

FMR LLC cut its position in shares of Ambarella, Inc. (NASDAQ:AMBA) by 56.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 131,300 shares of the semiconductor company’s stock after selling 171,639 shares during the quarter. FMR LLC owned 0.39% of Ambarella worth $6,375,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Victory Capital Management Inc. lifted its position in shares of Ambarella by 112.2% in the first quarter. Victory Capital Management Inc. now owns 1,903 shares of the semiconductor company’s stock valued at $104,000 after buying an additional 1,006 shares during the last quarter. Dubuque Bank & Trust Co. lifted its position in shares of Ambarella by 4.0% in the second quarter. Dubuque Bank & Trust Co. now owns 3,793 shares of the semiconductor company’s stock valued at $184,000 after buying an additional 147 shares during the last quarter. Amalgamated Bank lifted its position in shares of Ambarella by 3.6% in the second quarter. Amalgamated Bank now owns 4,126 shares of the semiconductor company’s stock valued at $200,000 after buying an additional 143 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Ambarella by 85.6% in the second quarter. SG Americas Securities LLC now owns 4,945 shares of the semiconductor company’s stock valued at $240,000 after buying an additional 2,280 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its position in shares of Ambarella by 48.9% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 5,368 shares of the semiconductor company’s stock valued at $261,000 after buying an additional 1,763 shares during the last quarter. Institutional investors and hedge funds own 55.68% of the company’s stock.

Ambarella, Inc. (AMBA) opened at $56.45 on Friday. The stock has a market capitalization of $1,874.93, a PE ratio of 36.42, a PEG ratio of 5.98 and a beta of 1.59. Ambarella, Inc. has a 52 week low of $40.06 and a 52 week high of $65.78.

Ambarella (NASDAQ:AMBA) last issued its earnings results on Thursday, August 31st. The semiconductor company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.04. The business had revenue of $71.63 million during the quarter, compared to analyst estimates of $70.79 million. Ambarella had a return on equity of 11.94% and a net margin of 16.45%. The firm’s revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.54 EPS. equities research analysts anticipate that Ambarella, Inc. will post 0.64 EPS for the current year.

A number of analysts have recently issued reports on the company. KeyCorp reaffirmed a “hold” rating on shares of Ambarella in a research report on Friday, November 3rd. Zacks Investment Research raised Ambarella from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. Canaccord Genuity restated a “buy” rating and set a $65.00 price objective (up previously from $58.00) on shares of Ambarella in a research note on Friday, October 13th. Morgan Stanley restated an “overweight” rating and set a $60.00 price objective on shares of Ambarella in a research note on Wednesday, September 27th. Finally, Stifel Nicolaus restated a “buy” rating and set a $52.00 price objective on shares of Ambarella in a research note on Saturday, September 23rd. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $58.86.

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In other news, VP Christopher Day sold 2,618 shares of the company’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $49.15, for a total value of $128,674.70. Following the transaction, the vice president now owns 20,377 shares of the company’s stock, valued at $1,001,529.55. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Feng-Ming Wang sold 11,629 shares of the stock in a transaction on Monday, September 18th. The shares were sold at an average price of $46.50, for a total value of $540,748.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,835 shares of company stock valued at $1,301,265. 5.80% of the stock is currently owned by corporate insiders.

About Ambarella

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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