Ambarella Inc (AMBA) Stake Increased by Northern Trust Corp

Northern Trust Corp grew its holdings in Ambarella Inc (NASDAQ:AMBA) by 0.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 335,374 shares of the semiconductor company’s stock after buying an additional 2,695 shares during the quarter. Northern Trust Corp owned 1.05% of Ambarella worth $12,949,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Russell Investments Group Ltd. increased its position in shares of Ambarella by 11.9% in the second quarter. Russell Investments Group Ltd. now owns 23,759 shares of the semiconductor company’s stock valued at $918,000 after buying an additional 2,533 shares in the last quarter. Artisan Partners Limited Partnership increased its position in shares of Ambarella by 0.7% in the second quarter. Artisan Partners Limited Partnership now owns 453,287 shares of the semiconductor company’s stock valued at $17,501,000 after buying an additional 2,975 shares in the last quarter. California Public Employees Retirement System increased its position in shares of Ambarella by 12.2% in the second quarter. California Public Employees Retirement System now owns 28,397 shares of the semiconductor company’s stock valued at $1,096,000 after buying an additional 3,097 shares in the last quarter. Krane Funds Advisors LLC increased its position in shares of Ambarella by 70.0% in the second quarter. Krane Funds Advisors LLC now owns 7,630 shares of the semiconductor company’s stock valued at $295,000 after buying an additional 3,142 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Ambarella by 2.6% in the second quarter. Bank of New York Mellon Corp now owns 125,009 shares of the semiconductor company’s stock valued at $4,827,000 after buying an additional 3,155 shares in the last quarter. Institutional investors and hedge funds own 69.76% of the company’s stock.

A number of analysts have recently commented on the company. ValuEngine upgraded Ambarella from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st. Northland Securities began coverage on Ambarella in a research report on Monday, October 29th. They issued an “outperform” rating and a $38.00 price objective for the company. BidaskClub raised Ambarella from a “sell” rating to a “hold” rating in a research note on Tuesday, October 16th. Zacks Investment Research lowered Ambarella from a “hold” rating to a “sell” rating in a research note on Thursday, September 6th. Finally, Deutsche Bank lowered their price target on Ambarella from $44.00 to $38.00 and set a “hold” rating on the stock in a research note on Friday, August 31st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $49.45.

Shares of NASDAQ:AMBA opened at $36.03 on Wednesday. The company has a market capitalization of $1.16 billion, a PE ratio of 65.51 and a beta of 1.13. Ambarella Inc has a 1 year low of $31.41 and a 1 year high of $66.23.

Ambarella (NASDAQ:AMBA) last issued its quarterly earnings results on Thursday, August 30th. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.12. The firm had revenue of $62.47 million for the quarter, compared to analyst estimates of $62.27 million. Ambarella had a negative return on equity of 0.71% and a negative net margin of 1.40%. Research analysts predict that Ambarella Inc will post -0.93 EPS for the current fiscal year.

In other Ambarella news, VP Christopher Day sold 1,326 shares of the business’s stock in a transaction on Thursday, September 6th. The stock was sold at an average price of $39.77, for a total transaction of $52,735.02. Following the transaction, the vice president now owns 16,353 shares of the company’s stock, valued at $650,358.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider George Laplante sold 8,011 shares of the business’s stock in a transaction on Monday, September 10th. The stock was sold at an average price of $38.61, for a total value of $309,304.71. Following the transaction, the insider now directly owns 95,053 shares in the company, valued at approximately $3,669,996.33. The disclosure for this sale can be found here. Insiders have sold 43,609 shares of company stock worth $1,628,876 in the last three months. 5.84% of the stock is currently owned by corporate insiders.

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About Ambarella

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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Institutional Ownership by Quarter for Ambarella (NASDAQ:AMBA)

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