First National Bank of Omaha raised its holdings in shares of Ambarella Inc (NASDAQ:AMBA) by 1.7% in the 3rd quarter, Holdings Channel reports. The firm owned 25,634 shares of the semiconductor company’s stock after purchasing an additional 417 shares during the quarter. First National Bank of Omaha’s holdings in Ambarella were worth $1,611,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Advisor Group Inc. boosted its position in Ambarella by 3.2% in the second quarter. Advisor Group Inc. now owns 15,324 shares of the semiconductor company’s stock valued at $675,000 after buying an additional 471 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in Ambarella by 8.5% in the third quarter. Janney Montgomery Scott LLC now owns 10,044 shares of the semiconductor company’s stock valued at $631,000 after acquiring an additional 789 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in Ambarella by 12.7% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 7,620 shares of the semiconductor company’s stock valued at $336,000 after acquiring an additional 858 shares during the period. First Trust Advisors LP lifted its holdings in Ambarella by 5.9% in the first quarter. First Trust Advisors LP now owns 16,783 shares of the semiconductor company’s stock valued at $725,000 after acquiring an additional 935 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Ambarella during the 2nd quarter worth approximately $47,000. Institutional investors and hedge funds own 74.92% of the company’s stock.
NASDAQ:AMBA traded up $0.42 during trading hours on Friday, hitting $56.04. The company had a trading volume of 17,071 shares, compared to its average volume of 536,400. The company has a current ratio of 9.01, a quick ratio of 8.64 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average of $56.55 and a 200 day moving average of $49.64. The company has a market cap of $1.86 billion, a P/E ratio of -50.49 and a beta of 1.28. Ambarella Inc has a 1 year low of $30.00 and a 1 year high of $67.15.
Ambarella (NASDAQ:AMBA) last released its quarterly earnings results on Thursday, August 29th. The semiconductor company reported ($0.28) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.05. The business had revenue of $56.41 million during the quarter, compared to analysts’ expectations of $52.00 million. Ambarella had a negative return on equity of 10.82% and a negative net margin of 19.38%. The company’s revenue was down 9.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.25 EPS. On average, analysts forecast that Ambarella Inc will post -1.16 earnings per share for the current year.
AMBA has been the subject of several research analyst reports. Needham & Company LLC reaffirmed a “sell” rating on shares of Ambarella in a research note on Friday, August 30th. Cowen set a $68.00 target price on Ambarella and gave the stock a “buy” rating in a research note on Thursday, October 10th. TheStreet upgraded Ambarella from a “d+” rating to a “c-” rating in a research report on Tuesday, September 10th. Morgan Stanley set a $60.00 price target on Ambarella and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Finally, BidaskClub cut Ambarella from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. Ambarella presently has a consensus rating of “Hold” and a consensus target price of $59.56.
In other Ambarella news, CEO Feng-Ming Wang sold 60,000 shares of the stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $59.18, for a total value of $3,550,800.00. Following the sale, the chief executive officer now owns 514,944 shares of the company’s stock, valued at approximately $30,474,385.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Chenming Hu sold 10,000 shares of the stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $63.00, for a total value of $630,000.00. Following the completion of the sale, the director now directly owns 29,354 shares in the company, valued at approximately $1,849,302. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 108,190 shares of company stock valued at $6,628,959. Company insiders own 6.31% of the company’s stock.
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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