Vident Investment Advisory LLC Buys 32,192 Shares of Ambarella Inc (AMBA)

Vident Investment Advisory LLC grew its stake in Ambarella Inc (NASDAQ:AMBA) by 11.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 316,183 shares of the semiconductor company’s stock after acquiring an additional 32,192 shares during the quarter. Ambarella comprises approximately 0.8% of Vident Investment Advisory LLC’s portfolio, making the stock its 29th biggest holding. Vident Investment Advisory LLC owned approximately 0.95% of Ambarella worth $18,576,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of AMBA. Victory Capital Management Inc. lifted its position in shares of Ambarella by 53.4% in the third quarter. Victory Capital Management Inc. now owns 3,437 shares of the semiconductor company’s stock valued at $168,000 after acquiring an additional 1,197 shares in the last quarter. Turner Investments LLC purchased a new stake in shares of Ambarella in the third quarter valued at $172,000. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Ambarella by 98.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,334 shares of the semiconductor company’s stock valued at $197,000 after acquiring an additional 1,658 shares in the last quarter. HPM Partners LLC purchased a new stake in shares of Ambarella in the fourth quarter valued at $207,000. Finally, Aperio Group LLC purchased a new stake in shares of Ambarella in the third quarter valued at $213,000. Institutional investors and hedge funds own 69.88% of the company’s stock.

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Shares of NASDAQ:AMBA opened at $44.45 on Friday. The stock has a market cap of $1,563.07, a price-to-earnings ratio of 80.82, a PEG ratio of 14.14 and a beta of 1.23. Ambarella Inc has a 12 month low of $40.06 and a 12 month high of $66.23.

Ambarella (NASDAQ:AMBA) last announced its quarterly earnings results on Thursday, March 1st. The semiconductor company reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.08. The company had revenue of $70.60 million during the quarter, compared to analyst estimates of $70.26 million. Ambarella had a return on equity of 4.04% and a net margin of 6.38%. The firm’s revenue was down 19.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.92 earnings per share. sell-side analysts anticipate that Ambarella Inc will post 0.22 EPS for the current fiscal year.

In other Ambarella news, Director Christopher B. Paisley sold 1,000 shares of the company’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $54.87, for a total transaction of $54,870.00. Following the completion of the sale, the director now directly owns 15,302 shares in the company, valued at $839,620.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Leslie Kohn sold 3,060 shares of the company’s stock in a transaction dated Friday, March 16th. The stock was sold at an average price of $53.07, for a total value of $162,394.20. Following the sale, the insider now owns 907,740 shares of the company’s stock, valued at $48,173,761.80. The disclosure for this sale can be found here. Insiders have sold 13,882 shares of company stock valued at $738,518 over the last 90 days. 5.80% of the stock is currently owned by insiders.

Several equities analysts recently commented on AMBA shares. Zacks Investment Research lowered Ambarella from a “hold” rating to a “sell” rating in a research note on Thursday, March 8th. BidaskClub lowered Ambarella from a “sell” rating to a “strong sell” rating in a research note on Friday, January 19th. Oppenheimer upgraded Ambarella from a “market perform” rating to a “buy” rating and set a $70.00 target price for the company in a research note on Wednesday, January 3rd. UBS upgraded Ambarella from a “market perform” rating to an “outperform” rating in a research note on Wednesday, January 3rd. Finally, Vetr lowered Ambarella from a “buy” rating to a “hold” rating and set a $61.51 target price for the company. in a research note on Thursday, December 28th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Ambarella currently has an average rating of “Hold” and an average target price of $60.83.

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Ambarella Profile

Ambarella, Inc develops semiconductor processing solutions for video that enable high-definition (HD) video capture, sharing, and display worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.

Institutional Ownership by Quarter for Ambarella (NASDAQ:AMBA)

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