Envestnet Asset Management Inc. Has $1.56 Million Stock Holdings in Ambarella, Inc. (NASDAQ:AMBA)

Envestnet Asset Management Inc. increased its holdings in shares of Ambarella, Inc. (NASDAQ:AMBAGet Rating) by 45.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,780 shares of the semiconductor company’s stock after acquiring an additional 7,387 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Ambarella were worth $1,557,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Arizona State Retirement System increased its holdings in Ambarella by 1.5% in the 1st quarter. Arizona State Retirement System now owns 9,911 shares of the semiconductor company’s stock valued at $1,040,000 after buying an additional 147 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Ambarella by 11.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,508 shares of the semiconductor company’s stock valued at $99,000 after purchasing an additional 150 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Ambarella by 5.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,715 shares of the semiconductor company’s stock valued at $390,000 after purchasing an additional 181 shares in the last quarter. Comerica Bank boosted its stake in shares of Ambarella by 2.0% in the 1st quarter. Comerica Bank now owns 9,801 shares of the semiconductor company’s stock valued at $879,000 after purchasing an additional 194 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in shares of Ambarella by 45.6% in the 1st quarter. Daiwa Securities Group Inc. now owns 619 shares of the semiconductor company’s stock valued at $65,000 after purchasing an additional 194 shares in the last quarter. 76.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on AMBA shares. Wells Fargo & Company reduced their price target on shares of Ambarella to $105.00 in a research note on Tuesday, September 6th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Ambarella from $75.00 to $62.00 and set a “hold” rating on the stock in a research note on Tuesday, October 18th. TheStreet downgraded shares of Ambarella from a “c-” rating to a “d+” rating in a research report on Tuesday, October 18th. Summit Insights downgraded shares of Ambarella from a “buy” rating to a “hold” rating in a research report on Wednesday, August 31st. Finally, Rosenblatt Securities cut their target price on shares of Ambarella from $125.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, August 31st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $112.27.

Ambarella Stock Up 14.2 %

NASDAQ:AMBA opened at $76.35 on Monday. The company has a fifty day moving average of $58.75 and a 200-day moving average of $70.19. The firm has a market capitalization of $2.93 billion, a P/E ratio of -66.97 and a beta of 1.48. Ambarella, Inc. has a twelve month low of $49.02 and a twelve month high of $227.59.

Ambarella (NASDAQ:AMBAGet Rating) last released its quarterly earnings data on Tuesday, August 30th. The semiconductor company reported ($0.51) earnings per share for the quarter, missing the consensus estimate of ($0.44) by ($0.07). The company had revenue of $80.90 million during the quarter, compared to the consensus estimate of $80.21 million. Ambarella had a negative net margin of 12.14% and a negative return on equity of 6.88%. The business’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.18) EPS. On average, analysts anticipate that Ambarella, Inc. will post -1.54 EPS for the current fiscal year.

Insider Activity

In other news, CTO Leslie Kohn sold 6,179 shares of Ambarella stock in a transaction on Monday, September 26th. The shares were sold at an average price of $58.95, for a total value of $364,252.05. Following the completion of the sale, the chief technology officer now owns 899,478 shares in the company, valued at approximately $53,024,228.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Ambarella news, CTO Leslie Kohn sold 6,179 shares of the business’s stock in a transaction on Monday, September 26th. The shares were sold at an average price of $58.95, for a total transaction of $364,252.05. Following the completion of the sale, the chief technology officer now owns 899,478 shares in the company, valued at approximately $53,024,228.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Christopher Day sold 670 shares of the business’s stock in a transaction on Friday, September 16th. The shares were sold at an average price of $63.25, for a total transaction of $42,377.50. Following the sale, the vice president now owns 20,731 shares of the company’s stock, valued at approximately $1,311,235.75. The disclosure for this sale can be found here. Insiders sold 15,246 shares of company stock worth $937,852 in the last quarter. 6.60% of the stock is owned by corporate insiders.

Ambarella Profile

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Ambarella, Inc develops semiconductor solutions for video that enable high-definition (HD) and ultra HD compression, image processing, and deep neural network processing worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, artificial intelligence computer vision algorithms, 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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Institutional Ownership by Quarter for Ambarella (NASDAQ:AMBA)

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