Advisor Group Inc. Trims Holdings in Ambarella, Inc. (AMBA)
Advisor Group Inc. cut its holdings in shares of Ambarella, Inc. (NASDAQ:AMBA) by 47.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,420 shares of the semiconductor company’s stock after selling 5,903 shares during the quarter. Advisor Group Inc.’s holdings in Ambarella were worth $311,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in AMBA. Victory Capital Management Inc. lifted its holdings in Ambarella by 112.2% during the 1st quarter. Victory Capital Management Inc. now owns 1,903 shares of the semiconductor company’s stock worth $104,000 after buying an additional 1,006 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new stake in Ambarella during the 1st quarter worth approximately $151,000. FNY Partners Fund LP acquired a new stake in Ambarella during the 1st quarter worth approximately $164,000. Dubuque Bank & Trust Co. lifted its holdings in Ambarella by 4.0% during the 2nd quarter. Dubuque Bank & Trust Co. now owns 3,793 shares of the semiconductor company’s stock worth $184,000 after buying an additional 147 shares in the last quarter. Finally, Amalgamated Bank lifted its holdings in Ambarella by 3.6% during the 2nd quarter. Amalgamated Bank now owns 4,126 shares of the semiconductor company’s stock worth $200,000 after buying an additional 143 shares in the last quarter. Institutional investors own 57.06% of the company’s stock.
In other Ambarella news, VP Christopher Day sold 1,529 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 $71,098.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Leslie Kohn sold 6,467 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 $300,715.50. Following the sale, the insider now owns 907,645 shares of the company’s stock, valued at approximately $42,205,492.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,835 shares of company stock valued at $1,301,265. Insiders own 5.80% of the company’s stock.
A number of research firms have issued reports on AMBA. Craig Hallum lowered shares of Ambarella from a “buy” rating to a “hold” rating and set a $50.00 target price on the stock. in a report on Friday, September 1st. Needham & Company LLC reiterated a “hold” rating on shares of Ambarella in a report on Friday, September 1st. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Ambarella in a report on Friday, September 1st. Canaccord Genuity reduced their target price on shares of Ambarella from $72.00 to $58.00 and set a “buy” rating on the stock in a report on Tuesday, September 5th. Finally, BidaskClub lowered shares of Ambarella from a “buy” rating to a “hold” rating in a report on Friday, June 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company’s stock. Ambarella has a consensus rating of “Hold” and a consensus target price of $58.23.
Ambarella, Inc. (AMBA) opened at 51.46 on Friday. The stock has a market capitalization of $1.71 billion, a P/E ratio of 33.61 and a beta of 1.57. Ambarella, Inc. has a 52-week low of $40.06 and a 52-week high of $69.09. The company has a 50 day moving average of $48.08 and a 200-day moving average of $52.32.
Ambarella (NASDAQ:AMBA) last issued its quarterly earnings results on Thursday, August 31st. The semiconductor company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.04. The business had revenue of $71.63 million during the quarter, compared to analyst estimates of $70.79 million. Ambarella had a net margin of 16.45% and a return on equity of 11.94%. The business’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.54 earnings per share. Equities research analysts anticipate that Ambarella, Inc. will post $1.89 EPS for the current year.
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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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