Ambarella, Inc. (AMBA) Shares Bought by Rothschild Asset Management Inc.
Rothschild Asset Management Inc. boosted its position in Ambarella, Inc. (NASDAQ:AMBA) by 57.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 523,017 shares of the semiconductor company’s stock after buying an additional 191,743 shares during the period. Rothschild Asset Management Inc. owned approximately 1.57% of Ambarella worth $25,633,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Victory Capital Management Inc. increased its holdings in Ambarella by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 2,240 shares of the semiconductor company’s stock worth $109,000 after purchasing an additional 337 shares in the last quarter. Amalgamated Bank increased 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 purchasing an additional 143 shares in the last quarter. Aperio Group LLC bought a new stake in Ambarella during the 3rd quarter worth approximately $213,000. Raymond James Financial Services Advisors Inc. increased its holdings in Ambarella by 17.6% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 4,908 shares of the semiconductor company’s stock worth $238,000 after purchasing an additional 734 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in Ambarella by 85.6% during the 2nd quarter. SG Americas Securities LLC now owns 4,945 shares of the semiconductor company’s stock worth $240,000 after purchasing an additional 2,280 shares in the last quarter. 59.92% of the stock is owned by institutional investors and hedge funds.
A number of analysts have commented on the company. Stifel Nicolaus boosted their price objective on Ambarella from $52.00 to $62.00 and gave the stock a “buy” rating in a report on Wednesday. Craig Hallum lowered Ambarella from a “buy” rating to a “hold” rating and set a $50.00 price objective for the company. in a report on Friday, September 1st. Needham & Company LLC reissued a “hold” rating on shares of Ambarella in a report on Friday, September 1st. Canaccord Genuity decreased their price objective on Ambarella from $72.00 to $58.00 and set a “buy” rating for the company in a report on Tuesday, September 5th. Finally, Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Ambarella in a report on Friday, September 1st. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Ambarella presently has an average rating of “Hold” and a consensus price target of $59.77.
In related news, insider Leslie Kohn sold 6,467 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $46.50, for a total value of $300,715.50. Following the transaction, the insider now owns 907,645 shares in the company, valued at $42,205,492.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Feng-Ming Wang sold 11,629 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $46.50, for a total value of $540,748.50. The disclosure for this sale can be found here. Insiders sold a total of 27,835 shares of company stock worth $1,301,265 in the last 90 days. Company insiders own 5.80% of the company’s stock.
Shares of Ambarella, Inc. (NASDAQ AMBA) traded up $0.73 during midday trading on Thursday, hitting $57.71. The stock had a trading volume of 791,375 shares, compared to its average volume of 1,006,790. Ambarella, Inc. has a 12-month low of $40.06 and a 12-month high of $65.78. The stock has a market cap of $1,892.55, a P/E ratio of 36.76, a PEG ratio of 6.04 and a beta of 1.59.
Ambarella (NASDAQ:AMBA) last announced its earnings results on Thursday, August 31st. The semiconductor company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.04. Ambarella had a return on equity of 11.94% and a net margin of 16.45%. The firm had revenue of $71.63 million for the quarter, compared to the consensus estimate of $70.79 million. During the same quarter in the previous year, the business earned $0.54 EPS. The company’s revenue was up 10.0% compared to the same quarter last year. research analysts anticipate that Ambarella, Inc. will post 0.64 earnings per share for the current year.
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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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