Oppenheimer & Co. Inc. Invests $663,000 in Ambarella, Inc. (NASDAQ:AMBA)

Oppenheimer & Co. Inc. acquired a new stake in Ambarella, Inc. (NASDAQ:AMBA - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 11,750 shares of the semiconductor company's stock, valued at approximately $663,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Ambarella by 6.1% in the 1st quarter. Vanguard Group Inc. now owns 4,340,831 shares of the semiconductor company's stock valued at $220,384,000 after acquiring an additional 248,297 shares in the last quarter. Millennium Management LLC lifted its holdings in Ambarella by 7.0% in the second quarter. Millennium Management LLC now owns 1,447,466 shares of the semiconductor company's stock valued at $78,091,000 after buying an additional 94,257 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Ambarella by 36.2% in the second quarter. The Manufacturers Life Insurance Company now owns 1,291,900 shares of the semiconductor company's stock valued at $69,698,000 after acquiring an additional 343,385 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Ambarella by 0.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 683,119 shares of the semiconductor company's stock worth $36,854,000 after acquiring an additional 2,994 shares during the period. Finally, Marshall Wace LLP raised its position in shares of Ambarella by 69.2% during the 2nd quarter. Marshall Wace LLP now owns 613,346 shares of the semiconductor company's stock valued at $33,090,000 after acquiring an additional 250,778 shares during the last quarter. Institutional investors and hedge funds own 82.09% of the company's stock.

Insider Transactions at Ambarella

In other news, VP Yun-Lung Chen sold 5,963 shares of Ambarella 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 transaction, the vice president now owns 62,026 shares in the company, valued at approximately $3,570,216.56. This trade represents a 8.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Christopher Day sold 2,904 shares of the firm's stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $58.00, for a total value of $168,432.00. Following the completion of the sale, the vice president now directly owns 18,466 shares in the company, valued at $1,071,028. This trade represents a 13.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,423 shares of company stock valued at $1,356,402. 5.70% of the stock is currently owned by corporate insiders.

Ambarella Price Performance

Shares of NASDAQ AMBA opened at $59.07 on Thursday. The stock has a 50 day moving average price of $57.16 and a 200 day moving average price of $54.28. Ambarella, Inc. has a 52 week low of $39.69 and a 52 week high of $65.88.

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

Analyst Upgrades and Downgrades

AMBA has been the topic of several recent research reports. Morgan Stanley raised their price target on Ambarella from $67.00 to $73.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 28th. TD Cowen upped their price target on Ambarella from $65.00 to $75.00 and gave the company a "hold" rating in a research note on Wednesday, August 28th. 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. Susquehanna decreased their target price on Ambarella from $80.00 to $70.00 and set a "positive" rating for the company in a research note on Monday, October 21st. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $90.00 price target on shares of Ambarella in a report on Wednesday, August 28th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Ambarella presently has a consensus rating of "Hold" and an average price target of $74.09.

Ambarella 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.