Marshall Wace LLP Acquires 250,778 Shares of Ambarella, Inc. (NASDAQ:AMBA)

Marshall Wace LLP boosted its holdings in Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 69.2% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 613,346 shares of the semiconductor company's stock after acquiring an additional 250,778 shares during the period. Marshall Wace LLP owned about 1.50% of Ambarella worth $33,090,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in Ambarella by 4.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 704,350 shares of the semiconductor company's stock valued at $43,171,000 after purchasing an additional 29,379 shares during the period. Kodai Capital Management LP acquired a new position in shares of Ambarella during the fourth quarter valued at $65,543,000. Norges Bank bought a new position in shares of Ambarella during the fourth quarter worth about $23,495,000. SWS Partners increased its holdings in shares of Ambarella by 25.3% in the 2nd quarter. SWS Partners now owns 79,522 shares of the semiconductor company's stock worth $4,290,000 after acquiring an additional 16,049 shares during the period. Finally, Sei Investments Co. bought a new stake in Ambarella in the 1st quarter valued at about $571,000. 82.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AMBA has been the subject of several recent analyst reports. Rosenblatt Securities restated a "buy" rating and issued a $85.00 target price on shares of Ambarella in a research report on Friday, August 23rd. Craig Hallum increased their price objective on Ambarella from $80.00 to $85.00 and gave the stock a "buy" rating in a report on Wednesday, August 28th. Morgan Stanley lifted their target price on Ambarella from $67.00 to $73.00 and gave the company an "overweight" rating in a research note on Wednesday, August 28th. Stifel Nicolaus increased their price target on Ambarella from $75.00 to $80.00 and gave the stock a "buy" rating in a research note on Wednesday, August 28th. Finally, Wells Fargo & Company cut their price objective on shares of Ambarella from $65.00 to $55.00 and set an "equal weight" rating on the stock in a research note on Friday, May 31st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Ambarella currently has a consensus rating of "Hold" and an average target price of $75.00.

Ambarella Price Performance

Shares of NASDAQ:AMBA traded up $2.93 on Thursday, reaching $56.83. 250,519 shares of the company traded hands, compared to its average volume of 616,706. The stock has a market capitalization of $2.33 billion, a PE ratio of -13.05 and a beta of 1.63. The company's 50 day moving average is $51.52 and its 200-day moving average is $51.44. 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 released its quarterly earnings results on Tuesday, August 27th. The semiconductor company reported ($0.13) earnings per share for the quarter, beating analysts' consensus estimates 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 quarter last year, the company posted ($0.76) EPS. Ambarella's revenue for the quarter was up 2.6% on a year-over-year basis. As a group, analysts expect that Ambarella, Inc. will post -3 EPS for the current year.

Insider Activity

In other news, VP Yun-Lung Chen sold 5,963 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $57.56, for a total value of $343,230.28. Following the completion of the sale, the vice president now owns 62,026 shares in the company, valued at $3,570,216.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Ambarella news, VP Yun-Lung Chen sold 5,963 shares of the company's stock in a transaction that occurred 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 approximately $3,570,216.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CTO Leslie Kohn sold 1,608 shares of Ambarella stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $53.54, for a total transaction of $86,092.32. Following the sale, the chief technology officer now directly owns 961,433 shares of the company's stock, valued at approximately $51,475,122.82. The disclosure for this sale can be found here. Insiders have sold 22,927 shares of company stock worth $1,274,788 over the last 90 days. 5.70% of the stock is owned by company insiders.

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.