Linden Thomas Advisory Services LLC Lowers Stock Holdings in Ambarella, Inc. (NASDAQ:AMBA)

Linden Thomas Advisory Services LLC lowered its position in Ambarella, Inc. (NASDAQ:AMBA) by 2.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 16,708 shares of the semiconductor company’s stock after selling 412 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Ambarella were worth $1,024,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of AMBA. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Ambarella by 2.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,207 shares of the semiconductor company’s stock valued at $442,000 after buying an additional 195 shares in the last quarter. Mcdonald Partners LLC grew its stake in Ambarella by 1.5% during the third quarter. Mcdonald Partners LLC now owns 20,771 shares of the semiconductor company’s stock valued at $1,101,000 after acquiring an additional 300 shares in the last quarter. Raymond James & Associates grew its stake in Ambarella by 2.8% during the fourth quarter. Raymond James & Associates now owns 11,114 shares of the semiconductor company’s stock valued at $681,000 after acquiring an additional 307 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in Ambarella by 36.2% in the 4th quarter. Daiwa Securities Group Inc. now owns 1,433 shares of the semiconductor company’s stock valued at $88,000 after acquiring an additional 381 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its stake in Ambarella by 39.3% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,546 shares of the semiconductor company’s stock worth $80,000 after purchasing an additional 436 shares in the last quarter. Hedge funds and other institutional investors own 82.09% of the company’s stock.

Insiders Place Their Bets

In other news, COO Chan W. Lee sold 1,075 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $49.27, for a total transaction of $52,965.25. Following the transaction, the chief operating officer now owns 124,146 shares of the company’s stock, valued at $6,116,673.42. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, COO Chan W. Lee sold 1,075 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $49.27, for a total transaction of $52,965.25. Following the completion of the sale, the chief operating officer now directly owns 124,146 shares of the company’s stock, valued at $6,116,673.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Leslie Kohn sold 1,198 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $49.27, for a total transaction of $59,025.46. Following the completion of the transaction, the chief technology officer now owns 964,664 shares in the company, valued at $47,528,995.28. The disclosure for this sale can be found here. Insiders sold a total of 6,648 shares of company stock valued at $327,595 over the last 90 days. Insiders own 5.90% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AMBA. Susquehanna raised their price objective on Ambarella from $70.00 to $80.00 and gave the company a “positive” rating in a research report on Wednesday, February 28th. Morgan Stanley raised their price target on Ambarella from $67.00 to $73.00 and gave the company an “overweight” rating in a report on Wednesday, February 28th. Wells Fargo & Company cut Ambarella from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $85.00 to $65.00 in a report on Wednesday, January 3rd. Needham & Company LLC reiterated a “buy” rating and set a $90.00 target price on shares of Ambarella in a research report on Wednesday, February 28th. Finally, StockNews.com upgraded shares of Ambarella to a “sell” rating in a research report on Saturday, April 13th. Two analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Ambarella currently has a consensus rating of “Hold” and an average price target of $71.08.

Ambarella Stock Up 3.2 %

NASDAQ AMBA opened at $42.56 on Thursday. Ambarella, Inc. has a 52 week low of $40.31 and a 52 week high of $89.18. The company has a fifty day moving average of $50.87 and a two-hundred day moving average of $53.64.

Ambarella (NASDAQ:AMBA) last released its quarterly earnings results on Tuesday, February 27th. The semiconductor company reported ($0.95) EPS for the quarter, topping analysts’ consensus estimates of ($0.98) by $0.03. The firm had revenue of $51.62 million during the quarter, compared to analysts’ expectations of $51.68 million. Ambarella had a negative net margin of 74.81% and a negative return on equity of 23.78%. Equities analysts anticipate that Ambarella, Inc. will post -3.53 EPS for the current fiscal year.

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.