Ambarella, Inc. (AMBA) Holdings Cut by Lockheed Martin Investment Management Co.
Lockheed Martin Investment Management Co. decreased its holdings in shares of Ambarella, Inc. (NASDAQ:AMBA) by 50.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,800 shares of the semiconductor company’s stock after selling 10,800 shares during the period. Lockheed Martin Investment Management Co.’s holdings in Ambarella were worth $529,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMBA. Parametric Portfolio Associates LLC grew its holdings in shares of Ambarella by 87.4% in the 1st quarter. Parametric Portfolio Associates LLC now owns 9,360 shares of the semiconductor company’s stock worth $512,000 after acquiring an additional 4,365 shares during the period. FMR LLC grew its holdings in Ambarella by 7.2% during the 1st quarter. FMR LLC now owns 302,939 shares of the semiconductor company’s stock valued at $16,574,000 after buying an additional 20,270 shares during the last quarter. Vanguard Group Inc. grew its holdings in Ambarella by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 2,084,839 shares of the semiconductor company’s stock valued at $114,061,000 after buying an additional 104,382 shares during the last quarter. Geode Capital Management LLC grew its holdings in Ambarella by 12.9% during the 1st quarter. Geode Capital Management LLC now owns 71,105 shares of the semiconductor company’s stock valued at $3,890,000 after buying an additional 8,147 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in Ambarella during the 1st quarter valued at $5,115,000. Institutional investors and hedge funds own 55.71% of the company’s stock.
Ambarella, Inc. (NASDAQ AMBA) traded down $0.63 during trading on Wednesday, reaching $54.68. 674,300 shares of the company’s stock traded hands, compared to its average volume of 1,015,585. Ambarella, Inc. has a 12-month low of $40.06 and a 12-month high of $65.78. The firm has a market capitalization of $1,837.08, a price-to-earnings ratio of 35.68, a price-to-earnings-growth ratio of 5.86 and a beta of 1.59.
Ambarella (NASDAQ:AMBA) last posted its quarterly earnings data on Thursday, August 31st. The semiconductor company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.04. Ambarella had a net margin of 16.45% and a return on equity of 11.94%. The firm had revenue of $71.63 million for the quarter, compared to analysts’ expectations of $70.79 million. During the same period in the previous year, the company posted $0.54 EPS. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. analysts expect that Ambarella, Inc. will post 0.64 EPS for the current fiscal year.
AMBA has been the topic of a number of recent analyst reports. Zacks Investment Research raised Ambarella from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Roth Capital lowered Ambarella from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $65.00 to $50.00 in a research note on Friday, September 1st. Dougherty & Co reduced their price target on Ambarella from $75.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, September 1st. Deutsche Bank AG reaffirmed a “hold” rating and issued a $49.00 target price (down from $54.00) on shares of Ambarella in a research report on Friday, September 1st. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $65.00 target price on shares of Ambarella in a research report on Thursday, August 31st. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Ambarella currently has an average rating of “Hold” and an average price target of $58.86.
In other Ambarella news, CEO Feng-Ming Wang sold 11,629 shares of the business’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $46.50, for a total transaction of $540,748.50. The transaction 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 business’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $46.50, for a total transaction of $71,098.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,835 shares of company stock valued at $1,301,265. 5.80% of the stock is owned by company insiders.
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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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