6,700 Shares in Ambarella Inc (AMBA) Acquired by Paloma Partners Management Co

Paloma Partners Management Co acquired a new position in Ambarella Inc (NASDAQ:AMBA) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,700 shares of the semiconductor company’s stock, valued at approximately $234,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AMBA. Stephens Inc. AR bought a new stake in Ambarella during the 4th quarter valued at about $206,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new stake in Ambarella during the 4th quarter valued at about $210,000. Fox Run Management L.L.C. bought a new stake in Ambarella during the 4th quarter valued at about $244,000. Point72 Asset Management L.P. bought a new stake in shares of Ambarella in the 3rd quarter valued at about $330,000. Finally, Blair William & Co. IL bought a new stake in shares of Ambarella in the 3rd quarter valued at about $341,000. 72.99% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:AMBA traded down $0.59 during trading hours on Friday, hitting $48.64. 745,994 shares of the company were exchanged, compared to its average volume of 388,488. The company has a market cap of $1.59 billion, a PE ratio of -43.04 and a beta of 1.05. Ambarella Inc has a 52-week low of $30.00 and a 52-week high of $55.50.

Ambarella (NASDAQ:AMBA) last announced its quarterly earnings data on Tuesday, March 5th. The semiconductor company reported ($0.35) EPS for the quarter, beating the consensus estimate of ($0.37) by $0.02. Ambarella had a negative net margin of 13.37% and a negative return on equity of 8.46%. The business had revenue of $51.07 million during the quarter, compared to analysts’ expectations of $51.12 million. As a group, research analysts anticipate that Ambarella Inc will post -1.53 earnings per share for the current fiscal year.

Several equities research analysts have recently commented on AMBA shares. Craig Hallum upgraded shares of Ambarella from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a report on Wednesday, March 6th. BidaskClub upgraded shares of Ambarella from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 11th. ValuEngine lowered shares of Ambarella from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 2nd. Northland Securities reaffirmed a “buy” rating on shares of Ambarella in a research report on Wednesday, March 6th. Finally, TheStreet raised shares of Ambarella from a “d” rating to a “c-” rating in a research report on Tuesday, March 5th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Ambarella has an average rating of “Hold” and a consensus target price of $45.67.

In related news, VP Yun-Lung Chen sold 6,320 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $41.28, for a total value of $260,889.60. Following the completion of the transaction, the vice president now directly owns 27,511 shares in the company, valued at approximately $1,135,654.08. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Christopher B. Paisley sold 1,000 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $43.73, for a total transaction of $43,730.00. Following the completion of the transaction, the director now owns 20,309 shares of the company’s stock, valued at $888,112.57. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,886 shares of company stock valued at $936,308. Company insiders own 5.84% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece was published by Baseball Daily News and is the sole property of of Baseball Daily News. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright law. The correct version of this piece can be accessed at https://www.baseballdailydigest.com/news/2019/04/21/6700-shares-in-ambarella-inc-amba-acquired-by-paloma-partners-management-co.html.

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.

Recommended Story: Price-Sales Ratio

Institutional Ownership by Quarter for Ambarella (NASDAQ:AMBA)

Receive News & Ratings for Ambarella Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ambarella and related companies with MarketBeat.com's FREE daily email newsletter.