AlphaMark Advisors LLC boosted its stake in shares of Ambarella, Inc. (NASDAQ:AMBA) by 418.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,650 shares of the semiconductor company’s stock after buying an additional 15,050 shares during the period. AlphaMark Advisors LLC owned approximately 0.06% of Ambarella worth $905,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of AMBA. Janney Montgomery Scott LLC increased its stake in shares of Ambarella by 8.5% in the first quarter. Janney Montgomery Scott LLC now owns 8,173 shares of the semiconductor company’s stock valued at $447,000 after buying an additional 639 shares in the last quarter. DUPONT CAPITAL MANAGEMENT Corp increased its stake in shares of Ambarella by 72.4% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 17,488 shares of the semiconductor company’s stock valued at $957,000 after buying an additional 7,347 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Ambarella by 1.2% in the first quarter. Wells Fargo & Company MN now owns 77,776 shares of the semiconductor company’s stock valued at $4,255,000 after buying an additional 928 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new stake in shares of Ambarella during the first quarter valued at about $635,000. Finally, Daiwa Securities Group Inc. increased its stake in shares of Ambarella by 147.8% in the first quarter. Daiwa Securities Group Inc. now owns 44,700 shares of the semiconductor company’s stock valued at $2,445,000 after buying an additional 26,660 shares in the last quarter. 56.74% of the stock is owned by hedge funds and other institutional investors.

Ambarella, Inc. (NASDAQ:AMBA) opened at 54.08 on Thursday. The company has a market cap of $1.81 billion, a P/E ratio of 31.96 and a beta of 1.61. The company has a 50-day moving average of $50.97 and a 200-day moving average of $54.18. Ambarella, Inc. has a 52-week low of $46.80 and a 52-week high of $74.95.

Ambarella (NASDAQ:AMBA) last posted its quarterly earnings results on Tuesday, June 6th. The semiconductor company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.03. The firm had revenue of $64.10 million during the quarter, compared to analyst estimates of $63.54 million. Ambarella had a return on equity of 13.70% and a net margin of 18.47%. Ambarella’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.34 EPS. On average, equities research analysts expect that Ambarella, Inc. will post $2.07 earnings per share for the current fiscal year.

Ambarella declared that its board has initiated a stock repurchase program on Tuesday, June 6th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the semiconductor company to buy up to 2.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.

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Several equities research analysts have recently issued reports on AMBA shares. Zacks Investment Research downgraded shares of Ambarella from a “hold” rating to a “sell” rating in a research report on Friday, June 9th. Canaccord Genuity reissued a “buy” rating and set a $72.00 price objective on shares of Ambarella in a research report on Tuesday, July 11th. Stifel Nicolaus reissued a “buy” rating and set a $64.00 price objective (down previously from $65.00) on shares of Ambarella in a research report on Thursday, June 1st. Deutsche Bank AG lowered their price objective on shares of Ambarella from $55.00 to $54.00 and set a “hold” rating for the company in a research report on Friday, June 9th. Finally, TheStreet downgraded shares of Ambarella from a “b” rating to a “c+” rating in a research report on Tuesday, June 6th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $67.88.

In other news, VP Christopher Day sold 1,526 shares of Ambarella stock in a transaction dated Friday, June 16th. The stock was sold at an average price of $48.77, for a total value of $74,423.02. Following the completion of the transaction, the vice president now owns 22,892 shares of the company’s stock, valued at approximately $1,116,442.84. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO George Laplante sold 4,836 shares of Ambarella stock in a transaction dated Friday, June 16th. The stock was sold at an average price of $48.77, for a total value of $235,851.72. Following the completion of the transaction, the chief financial officer now directly owns 100,848 shares of the company’s stock, valued at approximately $4,918,356.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,963 shares of company stock valued at $1,168,676. 5.80% of the stock is 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.

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Institutional Ownership by Quarter for Ambarella (NASDAQ:AMBA)

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