Ambarella, Inc. (NASDAQ:AMBA) Shares Acquired by Creative Planning

Creative Planning lifted its position in Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 144.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,719 shares of the semiconductor company's stock after acquiring an additional 8,687 shares during the period. Creative Planning's holdings in Ambarella were worth $830,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Azzad Asset Management Inc. ADV boosted its stake in shares of Ambarella by 2.4% in the second quarter. Azzad Asset Management Inc. ADV now owns 9,983 shares of the semiconductor company's stock worth $539,000 after buying an additional 231 shares during the last quarter. Linden Thomas Advisory Services LLC increased its holdings in shares of Ambarella by 1.7% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 17,522 shares of the semiconductor company's stock valued at $945,000 after purchasing an additional 288 shares in the last quarter. CWM LLC increased its holdings in shares of Ambarella by 127.7% during the 2nd 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. Principal Financial Group Inc. lifted its stake in shares of Ambarella by 8.0% in the 1st quarter. Principal Financial Group Inc. now owns 4,882 shares of the semiconductor company's stock valued at $248,000 after purchasing an additional 363 shares during the period. Finally, Arizona State Retirement System grew its position in Ambarella by 3.7% during the second quarter. Arizona State Retirement System now owns 10,893 shares of the semiconductor company's stock valued at $588,000 after buying an additional 385 shares during the period. Hedge funds and other institutional investors own 82.09% of the company's stock.

Insiders Place Their Bets

In other news, CFO John Alexander Young sold 2,139 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 $114,522.06. Following the completion of the sale, the chief financial officer now owns 103,529 shares in the company, valued at $5,542,942.66. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Ambarella news, CFO John Alexander Young sold 2,139 shares of Ambarella stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $53.54, for a total transaction of $114,522.06. Following the completion of the sale, the chief financial officer now directly owns 103,529 shares in the company, valued at $5,542,942.66. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Christopher Day sold 2,904 shares of the stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $58.00, for a total transaction of $168,432.00. Following the transaction, the vice president now directly owns 18,466 shares of the company's stock, valued at $1,071,028. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 24,423 shares of company stock valued at $1,356,402 over the last ninety days. Company insiders own 5.70% of the company's stock.

Ambarella Price Performance

NASDAQ AMBA traded up $1.68 during trading hours on Friday, hitting $57.87. 284,176 shares of the company's stock traded hands, compared to its average volume of 316,626. The company has a market capitalization of $2.39 billion, a PE ratio of -13.40 and a beta of 1.63. Ambarella, Inc. has a 52-week low of $39.69 and a 52-week high of $65.88. The firm's 50-day moving average is $56.19 and its 200-day moving average is $52.99.

Ambarella (NASDAQ:AMBA - Get Free Report) last announced its quarterly earnings data on Tuesday, August 27th. The semiconductor company reported ($0.13) EPS for the quarter, topping 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 firm had revenue of $63.70 million for the quarter, compared to the consensus estimate of $62.10 million. During the same quarter last year, the business posted ($0.76) earnings per share. The firm's revenue was up 2.6% compared to the same quarter last year. Equities research analysts predict that Ambarella, Inc. will post -3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Stifel Nicolaus upped their price objective on shares of Ambarella from $75.00 to $80.00 and gave the stock a "buy" rating in a research report on Wednesday, August 28th. TD Cowen increased 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. Needham & Company LLC restated a "buy" rating and issued a $90.00 price objective on shares of Ambarella in a research report on Wednesday, August 28th. Westpark Capital reiterated a "buy" rating and set a $85.00 target price on shares of Ambarella in a research report on Monday, August 26th. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $85.00 price target on shares of Ambarella in a research note on Friday, August 23rd. 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 company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $74.09.

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.