Edgestream Partners L.P. Has $1.76 Million Position in Ambarella, Inc. (NASDAQ:AMBA)

Edgestream Partners L.P. boosted its position in Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 41.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,578 shares of the semiconductor company's stock after purchasing an additional 9,465 shares during the period. Edgestream Partners L.P. owned approximately 0.08% of Ambarella worth $1,758,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new position in shares of Ambarella during the 2nd quarter valued at about $26,000. CWM LLC boosted its holdings in Ambarella by 127.7% during the second quarter. CWM LLC now owns 542 shares of the semiconductor company's stock worth $29,000 after buying an additional 304 shares in the last quarter. Van ECK Associates Corp boosted its holdings in 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. Larson Financial Group LLC grew its position in Ambarella by 13,576.9% in the first quarter. Larson Financial Group LLC now owns 1,778 shares of the semiconductor company's stock worth $90,000 after buying an additional 1,765 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in shares of Ambarella in the first quarter valued at $205,000. 82.09% of the stock is owned by institutional investors.

Insider Activity

In related news, COO Chan W. Lee sold 1,490 shares of the firm's stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $53.54, for a total transaction of $79,774.60. Following the transaction, the chief operating officer now owns 121,406 shares of the company's stock, valued at $6,500,077.24. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, COO Chan W. Lee sold 1,490 shares of the company's stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $53.54, for a total value of $79,774.60. Following the completion of the sale, the chief operating officer now directly owns 121,406 shares in the company, valued at $6,500,077.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Chi-Hong Ju sold 6,000 shares of the firm's stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $52.90, for a total value of $317,400.00. Following the transaction, the vice president now owns 173,193 shares in the company, valued at $9,161,909.70. The disclosure for this sale can be found here. Insiders sold a total of 28,014 shares of company stock worth $1,542,210 in the last three months. 5.70% of the stock is owned by insiders.

Ambarella Price Performance

Ambarella stock traded down $1.37 during trading hours on Friday, hitting $54.40. The company had a trading volume of 753,148 shares, compared to its average volume of 623,165. The firm's fifty day moving average is $52.22 and its 200-day moving average is $51.54. The firm has a market capitalization of $2.23 billion, a P/E ratio of -12.85 and a beta of 1.63. Ambarella, Inc. has a fifty-two week low of $39.69 and a fifty-two week high of $65.88.

Ambarella (NASDAQ:AMBA - Get Free Report) last announced its quarterly earnings data on Tuesday, August 27th. The semiconductor company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.06. Ambarella had a negative return on equity of 26.01% and a negative net margin of 79.46%. The business had revenue of $63.70 million during the quarter, compared to analyst estimates of $62.10 million. During the same period last year, the company earned ($0.76) earnings per share. Ambarella's quarterly revenue was up 2.6% compared to the same quarter last year. Analysts anticipate that Ambarella, Inc. will post -2.99 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Roth Mkm reissued a "neutral" rating and set a $60.00 price objective on shares of Ambarella in a research note on Wednesday, August 28th. Morgan Stanley lifted their price target on Ambarella from $67.00 to $73.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 28th. Craig Hallum upped their price objective on shares of Ambarella from $80.00 to $85.00 and gave the company a "buy" rating in a research note on Wednesday, August 28th. Wells Fargo & Company decreased their target price on shares of Ambarella from $65.00 to $55.00 and set an "equal weight" rating for the company in a report on Friday, May 31st. Finally, Bank of America boosted their price target on shares of Ambarella from $50.00 to $57.00 and gave the company an "underperform" rating in a report on Wednesday, August 28th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Ambarella has a consensus rating of "Hold" and a consensus price target of $75.00.

About Ambarella

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.