Rice Hall James & Associates LLC boosted its position in shares of Ambarella Inc. (NASDAQ:AMBA) by 47.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 310,746 shares of the company’s stock after buying an additional 99,502 shares during the period. Rice Hall James & Associates LLC owned 0.95% of Ambarella worth $15,789,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Ambarella during the fourth quarter worth about $8,585,000. IFP Advisors Inc raised its position in shares of Ambarella by 28.5% in the first quarter. IFP Advisors Inc now owns 7,195 shares of the company’s stock worth $322,000 after buying an additional 1,596 shares during the last quarter. Credit Agricole S A raised its position in shares of Ambarella by 42.9% in the first quarter. Credit Agricole S A now owns 17,000 shares of the company’s stock worth $760,000 after buying an additional 5,100 shares during the last quarter. Edmond DE Rothschild Holding S.A. raised its position in shares of Ambarella by 80.4% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 14,250 shares of the company’s stock worth $637,000 after buying an additional 6,350 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Ambarella by 10.5% in the first quarter. Geode Capital Management LLC now owns 46,225 shares of the company’s stock worth $2,066,000 after buying an additional 4,408 shares during the last quarter. 51.33% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Ambarella (NASDAQ:AMBA)

Ambarella Inc. (NASDAQ:AMBA) traded down 1.16% during mid-day trading on Tuesday, hitting $73.05. The stock had a trading volume of 880,612 shares. Ambarella Inc. has a 1-year low of $33.39 and a 1-year high of $74.95. The company has a market cap of $2.39 billion, a P/E ratio of 55.01 and a beta of 1.50. The company has a 50-day moving average price of $68.08 and a 200 day moving average price of $52.79.

Ambarella (NASDAQ:AMBA) last announced its quarterly earnings results on Thursday, September 1st. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.16. Ambarella had a net margin of 15.86% and a return on equity of 14.23%. The company earned $65.10 million during the quarter, compared to analyst estimates of $64.02 million. During the same quarter in the previous year, the business earned $0.88 EPS. The firm’s revenue was down 22.7% on a year-over-year basis. Equities research analysts forecast that Ambarella Inc. will post $2.64 EPS for the current fiscal year.

Several equities research analysts have recently weighed in on the company. Morgan Stanley reissued a “buy” rating and set a $78.00 price objective on shares of Ambarella in a research note on Friday, September 2nd. Deutsche Bank AG raised their price objective on Ambarella from $45.00 to $47.00 and gave the stock a “hold” rating in a research note on Monday, June 6th. Pacific Crest reissued an “overweight” rating and set a $53.00 price objective on shares of Ambarella in a research note on Monday, June 6th. Zacks Investment Research raised Ambarella from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research note on Tuesday, July 12th. Finally, Vetr lowered Ambarella from a “strong-buy” rating to a “buy” rating and set a $54.74 price objective for the company. in a research note on Wednesday, June 15th. Seven investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $69.31.

In related news, Director Christopher B. Paisley sold 1,000 shares of the company’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $69.13, for a total value of $69,130.00. Following the completion of the transaction, the director now directly owns 10,014 shares of the company’s stock, valued at approximately $692,267.82. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO George Laplante sold 30,000 shares of the company’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $67.08, for a total transaction of $2,012,400.00. Following the completion of the transaction, the chief financial officer now directly owns 118,720 shares of the company’s stock, valued at $7,963,737.60. The disclosure for this sale can be found here. 5.43% of the stock is currently owned by insiders.

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.

5 Day Chart for NASDAQ:AMBA

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