Baillie Gifford & Co. lifted its stake in Ambarella Inc (NASDAQ:AMBA) by 2.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 377,363 shares of the semiconductor company’s stock after buying an additional 10,715 shares during the period. Baillie Gifford & Co. owned approximately 1.18% of Ambarella worth $13,201,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMBA. Stephens Inc. AR bought a new stake in shares of Ambarella in the fourth quarter worth about $206,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new stake in shares of Ambarella in the fourth quarter worth about $210,000. Fox Run Management L.L.C. bought a new stake in shares of Ambarella in the fourth quarter worth about $244,000. Point72 Asset Management L.P. bought a new stake in shares of Ambarella in the third quarter worth about $330,000. Finally, Blair William & Co. IL bought a new stake in shares of Ambarella in the third quarter worth about $341,000. Hedge funds and other institutional investors own 74.22% of the company’s stock.
In other news, Director Christopher B. Paisley sold 1,000 shares of Ambarella stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $43.73, for a total transaction of $43,730.00. Following the completion of the transaction, the director now directly owns 20,309 shares in the company, valued at $888,112.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Feng-Ming Wang sold 7,627 shares of Ambarella stock in a transaction that occurred on Tuesday, December 18th. The shares were sold at an average price of $38.00, for a total transaction of $289,826.00. Following the transaction, the chief executive officer now owns 406,631 shares of the company’s stock, valued at $15,451,978. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,063 shares of company stock worth $826,854. Insiders own 5.84% of the company’s stock.
Several research firms recently issued reports on AMBA. Zacks Investment Research raised Ambarella from a “sell” rating to a “hold” rating in a research note on Tuesday, December 18th. TheStreet raised Ambarella from a “d” rating to a “c-” rating in a research note on Tuesday, March 5th. BidaskClub raised Ambarella from a “hold” rating to a “buy” rating in a research report on Wednesday, February 27th. Northland Securities reaffirmed a “buy” rating on shares of Ambarella in a research report on Wednesday, March 6th. Finally, ValuEngine cut Ambarella from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $45.67.
Ambarella stock opened at $43.47 on Friday. The company has a market cap of $1.41 billion, a price-to-earnings ratio of -38.47 and a beta of 1.04. Ambarella Inc has a fifty-two week low of $30.00 and a fifty-two week high of $55.50.
Ambarella (NASDAQ:AMBA) last posted its quarterly earnings data on Tuesday, March 5th. The semiconductor company reported $0.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.10. Ambarella had a negative return on equity of 8.37% and a negative net margin of 13.37%. On average, equities research analysts anticipate that Ambarella Inc will post -1.53 earnings per share for the current year.
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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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