Amalgamated Bank Decreases Stock Position in Ambarella, Inc. (NASDAQ:AMBA)

Amalgamated Bank lessened its position in shares of Ambarella, Inc. (NASDAQ:AMBAFree Report) by 4.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,610 shares of the semiconductor company’s stock after selling 207 shares during the period. Amalgamated Bank’s holdings in Ambarella were worth $283,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Acadian Asset Management LLC purchased a new stake in Ambarella during the third quarter valued at about $66,000. DekaBank Deutsche Girozentrale bought a new position in Ambarella in the 4th quarter worth approximately $78,000. Skandinaviska Enskilda Banken AB publ grew its stake in Ambarella by 52.3% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 1,656 shares of the semiconductor company’s stock valued at $88,000 after buying an additional 569 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in Ambarella by 36.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 1,433 shares of the semiconductor company’s stock valued at $88,000 after acquiring an additional 381 shares during the period. Finally, Headlands Technologies LLC purchased a new stake in shares of Ambarella during the third quarter worth $101,000. Institutional investors own 82.09% of the company’s stock.

Insider Activity

In related news, CEO Feng-Ming Wang sold 2,173 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $49.27, for a total transaction of $107,063.71. Following the transaction, the chief executive officer now directly owns 806,632 shares in the company, valued at approximately $39,742,758.64. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Ambarella news, CEO Feng-Ming Wang sold 2,173 shares of the stock in a transaction on Monday, March 18th. The shares were sold at an average price of $49.27, for a total transaction of $107,063.71. Following the completion of the sale, the chief executive officer now owns 806,632 shares of the company’s stock, valued at approximately $39,742,758.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO John Alexander Young sold 1,546 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $49.27, for a total transaction of $76,171.42. Following the completion of the sale, the chief financial officer now directly owns 107,571 shares in the company, valued at approximately $5,300,023.17. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,648 shares of company stock valued at $327,595. Insiders own 5.70% of the company’s stock.

Ambarella Price Performance

Shares of NASDAQ AMBA opened at $49.49 on Wednesday. The stock has a market capitalization of $2.03 billion, a P/E ratio of -11.67 and a beta of 1.65. Ambarella, Inc. has a one year low of $40.31 and a one year high of $89.18. The firm’s 50 day simple moving average is $47.41 and its two-hundred day simple moving average is $53.23.

Ambarella (NASDAQ:AMBAGet Free Report) last released its earnings results on Tuesday, February 27th. The semiconductor company reported ($0.95) EPS for the quarter, beating the consensus estimate of ($0.98) by $0.03. The company had revenue of $51.62 million for the quarter, compared to analyst estimates of $51.68 million. Ambarella had a negative net margin of 74.81% and a negative return on equity of 23.78%. As a group, equities analysts expect that Ambarella, Inc. will post -3.53 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on AMBA. Morgan Stanley lifted their price target on Ambarella from $67.00 to $73.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. Bank of America lowered their price target on shares of Ambarella from $62.00 to $50.00 and set an “underperform” rating on the stock in a report on Tuesday, April 16th. StockNews.com raised shares of Ambarella to a “sell” rating in a research note on Friday, April 26th. Susquehanna increased their target price on shares of Ambarella from $70.00 to $80.00 and gave the stock a “positive” rating in a research note on Wednesday, February 28th. Finally, Needham & Company LLC reissued a “buy” rating and set a $90.00 price objective on shares of Ambarella in a research note on Wednesday, February 28th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $71.08.

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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.

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Institutional Ownership by Quarter for Ambarella (NASDAQ:AMBA)

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