Van Berkom & Associates Inc. grew its stake in Ambarella (NASDAQ:AMBA) by 35.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,382,108 shares of the semiconductor company’s stock after purchasing an additional 363,632 shares during the period. Ambarella comprises approximately 2.1% of Van Berkom & Associates Inc.’s investment portfolio, making the stock its 23rd largest position. Van Berkom & Associates Inc.’s holdings in Ambarella were worth $67,709,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of AMBA. Sandy Spring Bank acquired a new stake in shares of Ambarella in the 1st quarter valued at approximately $110,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Ambarella by 98.9% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,334 shares of the semiconductor company’s stock valued at $197,000 after purchasing an additional 1,658 shares in the last quarter. HPM Partners LLC acquired a new stake in shares of Ambarella in the 4th quarter valued at approximately $207,000. ETRADE Capital Management LLC acquired a new stake in shares of Ambarella in the 1st quarter valued at approximately $230,000. Finally, Ardsley Advisory Partners acquired a new stake in shares of Ambarella in the 4th quarter valued at approximately $235,000. Institutional investors own 68.71% of the company’s stock.
AMBA has been the topic of a number of research analyst reports. ValuEngine upgraded shares of Ambarella from a “hold” rating to a “buy” rating in a research note on Thursday, April 12th. Zacks Investment Research upgraded shares of Ambarella from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Finally, BidaskClub upgraded shares of Ambarella from a “strong sell” rating to a “sell” rating in a research report on Friday, April 13th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $60.83.
Ambarella stock opened at $52.87 on Monday. Ambarella has a 52-week low of $52.12 and a 52-week high of $52.87. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 94.09, a PEG ratio of 15.59 and a beta of 1.27.
Ambarella (NASDAQ:AMBA) last released its quarterly earnings data on Thursday, March 1st. The semiconductor company reported $0.45 earnings per share for the quarter, beating the 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 net margin of 6.38% and a return on equity of 4.04%. Ambarella’s revenue for the quarter was down 19.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.92 EPS. sell-side analysts forecast that Ambarella will post 0.22 earnings per share for the current year.
In other news, Director Christopher B. Paisley sold 1,000 shares of Ambarella stock in a transaction on Monday, March 12th. The shares were sold at an average price of $54.87, for a total value of $54,870.00. Following the completion of the sale, the director now owns 15,302 shares in the company, valued at approximately $839,620.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Feng-Ming Wang sold 6,024 shares of Ambarella stock in a transaction on Friday, March 16th. The shares were sold at an average price of $53.07, for a total transaction of $319,693.68. The disclosure for this sale can be found here. Insiders sold a total of 13,882 shares of company stock valued at $738,518 in the last quarter. 5.80% of the stock is currently owned by company insiders.
Ambarella Company Profile
Ambarella, Inc develops semiconductor processing solutions for video that enable high-definition (HD), video capture, analysis, sharing, and display worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, computer vision functionality, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.
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