Natixis Takes Position in Ambarella Inc (NASDAQ:AMBA)

Natixis acquired a new position in shares of Ambarella Inc (NASDAQ:AMBA) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 143,631 shares of the semiconductor company’s stock, valued at approximately $5,546,000. Natixis owned approximately 0.43% of Ambarella at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Point72 Asia Hong Kong Ltd acquired a new position in shares of Ambarella in the 1st quarter valued at about $139,000. Xact Kapitalforvaltning AB acquired a new position in shares of Ambarella in the 1st quarter valued at about $213,000. Pitcairn Co. acquired a new position in shares of Ambarella in the 1st quarter valued at about $224,000. ETRADE Capital Management LLC acquired a new position in shares of Ambarella in the 1st quarter valued at about $230,000. Finally, Alps Advisors Inc. acquired a new position in shares of Ambarella in the 2nd quarter valued at about $264,000. 70.31% of the stock is owned by institutional investors.

In other Ambarella news, EVP George Laplante sold 4,016 shares of the business’s stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $35.53, for a total transaction of $142,688.48. Following the sale, the executive vice president now directly owns 100,002 shares in the company, valued at approximately $3,553,071.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Leslie Kohn sold 6,799 shares of the business’s stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $35.46, for a total transaction of $241,092.54. Following the sale, the insider now owns 916,795 shares in the company, valued at $32,509,550.70. The disclosure for this sale can be found here. Insiders have sold a total of 43,609 shares of company stock worth $1,628,876 over the last 90 days. 5.84% of the stock is owned by insiders.

Several research analysts have recently commented on AMBA shares. Bank of America started coverage on shares of Ambarella in a report on Tuesday, July 17th. They issued a “neutral” rating and a $42.00 price target for the company. Zacks Investment Research lowered shares of Ambarella from a “hold” rating to a “sell” rating in a report on Thursday, September 6th. Stifel Nicolaus decreased their price target on shares of Ambarella from $56.00 to $45.00 and set a “buy” rating for the company in a report on Friday, August 31st. BidaskClub lowered shares of Ambarella from a “strong-buy” rating to a “buy” rating in a report on Monday, June 18th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Ambarella in a research report on Friday, August 31st. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. Ambarella presently has an average rating of “Hold” and a consensus target price of $52.15.

Shares of NASDAQ:AMBA opened at $34.69 on Tuesday. The stock has a market capitalization of $1.24 billion, a P/E ratio of 63.09 and a beta of 1.06. Ambarella Inc has a fifty-two week low of $34.20 and a fifty-two week high of $66.23.

Ambarella (NASDAQ:AMBA) last issued its quarterly earnings data on Thursday, August 30th. The semiconductor company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.12. Ambarella had a negative net margin of 1.40% and a negative return on equity of 0.71%. The firm had revenue of $62.47 million for the quarter, compared to the consensus estimate of $62.27 million. On average, equities analysts predict that Ambarella Inc will post -0.84 earnings per share for the current year.

Ambarella Profile

Ambarella, Inc develops semiconductor processing solutions for video that enable high-definition (HD), video capture, analysis, sharing, and display worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, computer vision functionality, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.

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Institutional Ownership by Quarter for Ambarella (NASDAQ:AMBA)

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