Baillie Gifford & Co. Increases Holdings in Ambarella Inc (AMBA)
Baillie Gifford & Co. raised its stake in shares of Ambarella Inc (NASDAQ:AMBA) by 2.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 377,363 shares of the semiconductor company’s stock after buying an additional 10,715 shares during the quarter. Baillie Gifford & Co.’s holdings in Ambarella were worth $13,201,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC raised its holdings in shares of Ambarella by 7.7% in the fourth quarter. Geode Capital Management LLC now owns 132,140 shares of the semiconductor company’s stock worth $4,622,000 after buying an additional 9,439 shares during the last quarter. White Pine Capital LLC raised its holdings in shares of Ambarella by 42.2% in the fourth quarter. White Pine Capital LLC now owns 21,745 shares of the semiconductor company’s stock worth $761,000 after buying an additional 6,455 shares during the last quarter. Granite Investment Partners LLC raised its holdings in shares of Ambarella by 5.6% in the fourth quarter. Granite Investment Partners LLC now owns 20,815 shares of the semiconductor company’s stock worth $728,000 after buying an additional 1,097 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Ambarella by 25.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 464,817 shares of the semiconductor company’s stock worth $16,260,000 after buying an additional 92,847 shares during the last quarter. Finally, Hsbc Holdings PLC purchased a new position in shares of Ambarella in the fourth quarter worth $1,333,000. Institutional investors and hedge funds own 74.22% of the company’s stock.
In other Ambarella news, insider Leslie Kohn sold 4,990 shares of Ambarella stock in a transaction on Tuesday, December 18th. The shares were sold at an average price of $38.00, for a total value of $189,620.00. Following the completion of the transaction, the insider now owns 916,646 shares of the company’s stock, valued at $34,832,548. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christopher B. Paisley sold 1,000 shares of Ambarella stock in a transaction 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 of the company’s stock, valued at approximately $888,112.57. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,063 shares of company stock valued at $826,854. 5.84% of the stock is currently owned by corporate insiders.
Ambarella (NASDAQ:AMBA) last issued its earnings results on Tuesday, March 5th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.10. Ambarella had a negative net margin of 13.37% and a negative return on equity of 8.37%. As a group, analysts forecast that Ambarella Inc will post -1.53 EPS for the current year.
AMBA has been the subject of a number of research analyst reports. Roth Capital raised their price target on shares of Ambarella to $40.00 and gave the stock a “neutral” rating in a report on Friday, November 30th. ValuEngine cut shares of Ambarella from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 2nd. Craig Hallum raised shares of Ambarella from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a report on Wednesday, March 6th. Needham & Company LLC reissued a “hold” rating on shares of Ambarella in a report on Friday, November 30th. Finally, TheStreet cut shares of Ambarella from a “c-” rating to a “d” rating in a report on Friday, November 30th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $45.67.
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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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