Investment House LLC bought a new stake in Ambarella, Inc. (NASDAQ:AMBA) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 7,595 shares of the semiconductor company’s stock, valued at approximately $372,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Baillie Gifford & Co. grew its holdings in Ambarella by 47.4% in the 3rd quarter. Baillie Gifford & Co. now owns 176,999 shares of the semiconductor company’s stock valued at $8,674,000 after buying an additional 56,899 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Ambarella by 53.4% during the 3rd quarter. Victory Capital Management Inc. now owns 3,437 shares of the semiconductor company’s stock worth $168,000 after purchasing an additional 1,197 shares in the last quarter. Aperio Group LLC acquired a new stake in shares of Ambarella during the 3rd quarter worth approximately $213,000. Oak Associates Ltd. OH grew its holdings in shares of Ambarella by 12.0% during the 2nd quarter. Oak Associates Ltd. OH now owns 24,070 shares of the semiconductor company’s stock worth $1,169,000 after purchasing an additional 2,575 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in shares of Ambarella by 17.6% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 4,908 shares of the semiconductor company’s stock worth $238,000 after purchasing an additional 734 shares in the last quarter. 56.84% of the stock is currently owned by hedge funds and other institutional investors.

Ambarella, Inc. (NASDAQ AMBA) traded up 0.14% during trading on Wednesday, hitting $56.52. The company had a trading volume of 399,489 shares. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 36.92 and a beta of 1.57. The stock has a 50-day moving average of $50.23 and a 200 day moving average of $52.29. Ambarella, Inc. has a one year low of $40.06 and a one year high of $65.78.

Ambarella (NASDAQ:AMBA) last issued its quarterly earnings results on Thursday, August 31st. The semiconductor company reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.04. The business had revenue of $71.63 million for the quarter, compared to the consensus estimate of $70.79 million. Ambarella had a return on equity of 11.94% and a net margin of 16.45%. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.54 earnings per share. Equities analysts forecast that Ambarella, Inc. will post $1.89 EPS for the current fiscal year.

In related news, insider Leslie Kohn sold 6,467 shares of the stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $46.50, for a total transaction of $300,715.50. Following the sale, the insider now owns 907,645 shares of the company’s stock, valued at $42,205,492.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Christopher Day sold 1,529 shares of the stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $46.50, for a total value of $71,098.50. The disclosure for this sale can be found here. Insiders have sold 27,835 shares of company stock worth $1,301,265 in the last three months. 5.80% of the stock is currently owned by company insiders.

AMBA has been the topic of several recent research reports. Zacks Investment Research raised Ambarella from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Roth Capital lowered Ambarella from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $65.00 to $50.00 in a report on Friday, September 1st. Dougherty & Co decreased their price objective on Ambarella from $75.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, September 1st. Deutsche Bank AG reissued a “hold” rating and set a $49.00 price objective (down previously from $54.00) on shares of Ambarella in a report on Friday, September 1st. Finally, Morgan Stanley reissued an “overweight” rating and set a $65.00 price objective on shares of Ambarella in a report on Thursday, August 31st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $58.86.

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Ambarella Company Profile

Ambarella, Inc offers semiconductor processing solutions for video that enable high-definition (HD), video capture, sharing and display. The Company operates through the development and sale of low-power, high-definition video products segment. Its system-on-a-chip designs incorporate HD video processing, image processing, audio processing and system functions onto a single chip.

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Institutional Ownership by Quarter for Ambarella (NASDAQ:AMBA)

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