Algert Global LLC Has $5.36 Million Stake in Ambarella, Inc. (NASDAQ:AMBA)

Algert Global LLC lifted its holdings in Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 76.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 94,999 shares of the semiconductor company's stock after purchasing an additional 41,094 shares during the quarter. Algert Global LLC owned about 0.23% of Ambarella worth $5,358,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Meeder Asset Management Inc. acquired a new position in shares of Ambarella in the second quarter valued at approximately $26,000. Blue Trust Inc. raised its stake in shares of Ambarella by 180.3% in the 3rd quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company's stock valued at $27,000 after purchasing an additional 321 shares during the period. CWM LLC lifted its holdings in shares of Ambarella by 127.7% in the second quarter. CWM LLC now owns 542 shares of the semiconductor company's stock valued at $29,000 after purchasing an additional 304 shares in the last quarter. Signaturefd LLC boosted its position in shares of Ambarella by 389.6% during the third quarter. Signaturefd LLC now owns 661 shares of the semiconductor company's stock worth $37,000 after buying an additional 526 shares during the period. Finally, Van ECK Associates Corp grew its holdings in shares of Ambarella by 62.1% during the second quarter. Van ECK Associates Corp now owns 1,441 shares of the semiconductor company's stock worth $78,000 after buying an additional 552 shares in the last quarter. 82.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Ambarella

In related news, VP Yun-Lung Chen sold 5,963 shares of the business's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $57.56, for a total value of $343,230.28. Following the transaction, the vice president now owns 62,026 shares in the company, valued at $3,570,216.56. The trade was a 8.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Christopher Day sold 2,904 shares of the firm's stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $58.00, for a total value of $168,432.00. Following the sale, the vice president now directly owns 18,466 shares of the company's stock, valued at $1,071,028. This represents a 13.59 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,423 shares of company stock worth $1,356,402. Company insiders own 5.70% of the company's stock.

Analyst Ratings Changes

AMBA has been the subject of a number of recent research reports. Westpark Capital reaffirmed a "buy" rating and set a $85.00 price target on shares of Ambarella in a research report on Monday, August 26th. TD Cowen boosted their price target on Ambarella from $65.00 to $75.00 and gave the stock a "hold" rating in a research report on Wednesday, August 28th. Rosenblatt Securities reissued a "buy" rating and issued a $85.00 price objective on shares of Ambarella in a report on Friday, August 23rd. Susquehanna lowered their target price on shares of Ambarella from $80.00 to $70.00 and set a "positive" rating on the stock in a report on Monday, October 21st. Finally, Bank of America upped their price objective on Ambarella from $50.00 to $57.00 and gave the company an "underperform" rating in a research note on Wednesday, August 28th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $74.09.

Ambarella Price Performance

NASDAQ AMBA traded up $3.67 on Monday, reaching $67.29. The stock had a trading volume of 1,084,927 shares, compared to its average volume of 570,786. The firm has a fifty day moving average of $57.67 and a two-hundred day moving average of $54.58. Ambarella, Inc. has a 1-year low of $39.69 and a 1-year high of $68.06. The company has a market cap of $2.78 billion, a P/E ratio of -15.04 and a beta of 1.63.

Ambarella (NASDAQ:AMBA - Get Free Report) last issued its quarterly earnings results on Tuesday, August 27th. The semiconductor company reported ($0.13) EPS for the quarter, topping analysts' consensus estimates of ($0.19) by $0.06. The company had revenue of $63.70 million for the quarter, compared to analysts' expectations of $62.10 million. Ambarella had a negative return on equity of 26.01% and a negative net margin of 79.46%. Ambarella's revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the business earned ($0.76) earnings per share. Research analysts predict that Ambarella, Inc. will post -3 EPS for the current fiscal year.

Ambarella Company Profile

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.