Dimensional Fund Advisors LP Acquires 29,379 Shares of Ambarella, Inc. (NASDAQ:AMBA)

Dimensional Fund Advisors LP boosted its holdings in shares of Ambarella, Inc. (NASDAQ:AMBAFree Report) by 4.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 704,350 shares of the semiconductor company’s stock after buying an additional 29,379 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.75% of Ambarella worth $43,171,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in AMBA. Principal Financial Group Inc. increased its position in Ambarella by 10.6% in the third quarter. Principal Financial Group Inc. now owns 4,585 shares of the semiconductor company’s stock worth $243,000 after buying an additional 439 shares in the last quarter. California Public Employees Retirement System raised its stake in Ambarella by 18.4% during the 3rd quarter. California Public Employees Retirement System now owns 63,220 shares of the semiconductor company’s stock worth $3,353,000 after acquiring an additional 9,820 shares during the period. Victory Capital Management Inc. lifted its holdings in Ambarella by 4.7% during the third quarter. Victory Capital Management Inc. now owns 112,499 shares of the semiconductor company’s stock valued at $5,966,000 after purchasing an additional 5,079 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Ambarella in the third quarter worth approximately $1,553,000. Finally, Jump Financial LLC increased its stake in shares of Ambarella by 83.7% in the third quarter. Jump Financial LLC now owns 45,982 shares of the semiconductor company’s stock worth $2,438,000 after purchasing an additional 20,946 shares in the last quarter. 82.09% of the stock is currently owned by institutional investors.

Insider Activity

In other Ambarella news, COO Chan W. Lee sold 1,075 shares of Ambarella stock in a transaction on Monday, March 18th. The shares were sold at an average price of $49.27, for a total transaction of $52,965.25. Following the completion of the transaction, the chief operating officer now directly owns 124,146 shares of the company’s stock, valued at $6,116,673.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CTO Leslie Kohn sold 1,198 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $49.27, for a total value of $59,025.46. Following the sale, the chief technology officer now directly owns 964,664 shares of the company’s stock, valued at approximately $47,528,995.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Chan W. Lee sold 1,075 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $49.27, for a total value of $52,965.25. Following the transaction, the chief operating officer now owns 124,146 shares of the company’s stock, valued at approximately $6,116,673.42. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,648 shares of company stock valued at $327,595. 5.70% of the stock is currently owned by insiders.

Ambarella Stock Down 1.7 %

Shares of NASDAQ:AMBA opened at $48.31 on Friday. The firm has a fifty day simple moving average of $47.31 and a two-hundred day simple moving average of $53.19. The stock has a market capitalization of $1.98 billion, a P/E ratio of -11.39 and a beta of 1.65. Ambarella, Inc. has a 52 week low of $40.31 and a 52 week high of $89.18.

Ambarella (NASDAQ:AMBAGet Free Report) last issued its quarterly earnings data on Tuesday, February 27th. The semiconductor company reported ($0.95) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.98) by $0.03. The business had revenue of $51.62 million for the quarter, compared to the consensus estimate of $51.68 million. Ambarella had a negative return on equity of 23.78% and a negative net margin of 74.81%. On average, analysts expect that Ambarella, Inc. will post -3.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Rosenblatt Securities restated a “buy” rating and set a $85.00 target price on shares of Ambarella in a research note on Wednesday. Susquehanna lifted their target price on Ambarella from $70.00 to $80.00 and gave the company a “positive” rating in a research note on Wednesday, February 28th. Morgan Stanley upped their price target on Ambarella from $67.00 to $73.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 28th. StockNews.com upgraded shares of Ambarella to a “sell” rating in a research report on Friday, April 26th. Finally, Bank of America dropped their target price on shares of Ambarella from $62.00 to $50.00 and set an “underperform” rating for the company in a research report on Tuesday, April 16th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Ambarella currently has a consensus rating of “Hold” and an average price target of $71.08.

Check Out Our Latest Report on AMBA

About Ambarella

(Free Report)

Ambarella, Inc develops semiconductor solutions that enable high-definition (HD) and ultra HD compression, image signal processing, and artificial intelligence 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.

Further Reading

Institutional Ownership by Quarter for Ambarella (NASDAQ:AMBA)

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