Gamco Investors INC. ET AL Acquires 6,633 Shares of Ambarella, Inc. (NASDAQ:AMBA)

Gamco Investors INC. ET AL raised its holdings in shares of Ambarella, Inc. (NASDAQ:AMBAFree Report) by 156.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,862 shares of the semiconductor company’s stock after buying an additional 6,633 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Ambarella were worth $576,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Prudential Financial Inc. grew its position in Ambarella by 4.9% during the second quarter. Prudential Financial Inc. now owns 3,406 shares of the semiconductor company’s stock worth $232,000 after buying an additional 159 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Ambarella by 5.1% during the first quarter. PNC Financial Services Group Inc. now owns 3,715 shares of the semiconductor company’s stock worth $390,000 after buying an additional 181 shares in the last quarter. Register Financial Advisors LLC grew its position in Ambarella by 6.1% during the third quarter. Register Financial Advisors LLC now owns 3,500 shares of the semiconductor company’s stock worth $186,000 after buying an additional 200 shares in the last quarter. US Bancorp DE grew its position in Ambarella by 4.2% during the second quarter. US Bancorp DE now owns 7,277 shares of the semiconductor company’s stock worth $609,000 after buying an additional 290 shares in the last quarter. Finally, Van ECK Associates Corp purchased a new position in Ambarella during the second quarter worth about $25,000. 79.74% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ambarella

In other Ambarella news, Director Christopher B. Paisley sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $63.14, for a total transaction of $31,570.00. Following the completion of the transaction, the director now owns 39,407 shares of the company’s stock, valued at approximately $2,488,157.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Christopher B. Paisley sold 500 shares of the stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $63.14, for a total value of $31,570.00. Following the completion of the transaction, the director now owns 39,407 shares of the company’s stock, valued at approximately $2,488,157.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Brian C. White sold 3,357 shares of the stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $63.04, for a total value of $211,625.28. Following the completion of the transaction, the chief financial officer now directly owns 74,140 shares of the company’s stock, valued at approximately $4,673,785.60. The disclosure for this sale can be found here. Insiders sold 19,403 shares of company stock valued at $1,188,189 in the last 90 days. Insiders own 5.90% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AMBA. Morgan Stanley upped their price objective on Ambarella from $65.00 to $67.00 and gave the stock an “overweight” rating in a report on Friday, December 1st. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price objective on shares of Ambarella in a report on Friday, December 1st. Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 price objective on shares of Ambarella in a report on Wednesday, December 13th. Stifel Nicolaus cut their price objective on Ambarella from $78.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, October 19th. Finally, Susquehanna upped their price objective on Ambarella from $60.00 to $70.00 and gave the stock a “positive” rating in a report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $78.75.

Get Our Latest Research Report on Ambarella

Ambarella Price Performance

AMBA opened at $55.28 on Friday. The business has a 50 day simple moving average of $57.91 and a two-hundred day simple moving average of $58.78. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of -18.24 and a beta of 1.68. Ambarella, Inc. has a one year low of $43.59 and a one year high of $97.64.

Ambarella (NASDAQ:AMBAGet Free Report) last released its quarterly earnings results on Thursday, November 30th. The semiconductor company reported ($0.28) EPS for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.11. The business had revenue of $50.60 million during the quarter, compared to analyst estimates of $50.01 million. Ambarella had a negative return on equity of 18.66% and a negative net margin of 46.45%. Ambarella’s quarterly revenue was down 39.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.33) EPS. As a group, sell-side analysts expect that Ambarella, Inc. will post -3.49 EPS for the current fiscal year.

About Ambarella

(Free Report)

Ambarella, Inc develops semiconductor solutions 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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