New York State Common Retirement Fund lifted its stake in shares of Ambarella Inc (NASDAQ:AMBA) by 98.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 109,075 shares of the semiconductor company’s stock after acquiring an additional 54,164 shares during the period. New York State Common Retirement Fund owned 0.33% of Ambarella worth $5,346,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Ambarella by 2.9% in the second quarter. Vanguard Group Inc. now owns 2,145,609 shares of the semiconductor company’s stock valued at $104,169,000 after buying an additional 60,770 shares during the period. Eagle Asset Management Inc. raised its holdings in Ambarella by 36.2% in the second quarter. Eagle Asset Management Inc. now owns 1,152,405 shares of the semiconductor company’s stock valued at $55,949,000 after buying an additional 306,248 shares during the period. AXA raised its holdings in Ambarella by 100.6% in the second quarter. AXA now owns 708,106 shares of the semiconductor company’s stock valued at $34,379,000 after buying an additional 355,170 shares during the period. State of Tennessee Treasury Department raised its holdings in Ambarella by 53.8% in the second quarter. State of Tennessee Treasury Department now owns 600,000 shares of the semiconductor company’s stock valued at $29,130,000 after buying an additional 210,000 shares during the period. Finally, State Street Corp raised its holdings in Ambarella by 5.9% in the second quarter. State Street Corp now owns 595,044 shares of the semiconductor company’s stock valued at $28,894,000 after buying an additional 33,237 shares during the period. Hedge funds and other institutional investors own 63.01% of the company’s stock.

In other news, CEO Feng-Ming Wang sold 8,851 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $57.69, for a total transaction of $510,614.19. Following the completion of the sale, the chief executive officer now owns 293,267 shares of the company’s stock, valued at $16,918,573.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Yun-Lung Chen sold 11,340 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $59.80, for a total transaction of $678,132.00. Following the sale, the vice president now directly owns 11,386 shares of the company’s stock, valued at approximately $680,882.80. The disclosure for this sale can be found here. Insiders have sold 34,736 shares of company stock valued at $2,008,570 in the last three months. Corporate insiders own 5.80% of the company’s stock.

Shares of Ambarella Inc (NASDAQ AMBA) opened at $58.99 on Monday. Ambarella Inc has a 1 year low of $40.06 and a 1 year high of $65.39. The stock has a market cap of $1,967.08, a P/E ratio of 56.72, a price-to-earnings-growth ratio of 5.72 and a beta of 1.57.

Ambarella (NASDAQ:AMBA) last released its quarterly earnings results on Thursday, November 30th. The semiconductor company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.08. Ambarella had a net margin of 11.51% and a return on equity of 7.87%. The business had revenue of $89.06 million during the quarter, compared to the consensus estimate of $89.41 million. During the same quarter last year, the company earned $1.11 earnings per share. The business’s quarterly revenue was down 11.4% compared to the same quarter last year. research analysts predict that Ambarella Inc will post 0.7 earnings per share for the current fiscal year.

AMBA has been the topic of several research reports. Craig Hallum lowered shares of Ambarella from a “buy” rating to a “hold” rating and set a $50.00 price target on the stock. in a report on Friday, September 1st. Oppenheimer reaffirmed a “hold” rating on shares of Ambarella in a research report on Friday, September 1st. Canaccord Genuity reaffirmed a “buy” rating and issued a $65.00 price objective (up previously from $58.00) on shares of Ambarella in a research report on Friday, October 13th. Morgan Stanley reaffirmed an “overweight” rating and issued a $60.00 price objective on shares of Ambarella in a research report on Thursday, September 7th. Finally, Zacks Investment Research raised shares of Ambarella from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $59.15.

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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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