Natixis Advisors LLC Has $616,000 Stake in Ambarella, Inc. (NASDAQ:AMBA)

Natixis Advisors LLC lessened its holdings in shares of Ambarella, Inc. (NASDAQ:AMBA) by 61.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 10,927 shares of the semiconductor company’s stock after selling 17,501 shares during the period. Natixis Advisors LLC’s holdings in Ambarella were worth $616,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMBA. Azzad Asset Management Inc. ADV grew its position in shares of Ambarella by 2.4% during the 2nd 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 period. Versor Investments LP lifted its holdings in Ambarella by 5.9% during the third quarter. Versor Investments LP now owns 4,619 shares of the semiconductor company’s stock worth $261,000 after acquiring an additional 256 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Ambarella by 6.4% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,767 shares of the semiconductor company’s stock valued at $269,000 after acquiring an additional 285 shares during the period. Linden Thomas Advisory Services LLC increased its holdings in shares of Ambarella by 1.7% in the second quarter. Linden Thomas Advisory Services LLC now owns 17,522 shares of the semiconductor company’s stock worth $945,000 after acquiring an additional 288 shares in the last quarter. Finally, CWM LLC raised its position in shares of Ambarella by 127.7% during the second quarter. CWM LLC now owns 542 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 304 shares during the period. 82.09% of the stock is currently owned by institutional investors and hedge funds.

Ambarella Stock Performance

Shares of AMBA opened at $72.44 on Thursday. The firm has a market cap of $2.99 billion, a P/E ratio of -15.84 and a beta of 1.63. The business has a 50-day moving average of $58.23 and a 200 day moving average of $54.89. Ambarella, Inc. has a fifty-two week low of $39.69 and a fifty-two week high of $81.32.

Ambarella (NASDAQ:AMBA) last released its quarterly earnings data 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 company had revenue of $63.70 million during the quarter, compared to analyst estimates of $62.10 million. During the same period last year, the business earned ($0.76) earnings per share. Ambarella’s revenue was up 2.6% compared to the same quarter last year. As a group, research analysts predict that Ambarella, Inc. will post -3 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on AMBA. Stifel Nicolaus boosted their price objective on shares of Ambarella from $80.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday. Needham & Company LLC boosted their price target on shares of Ambarella from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday. Northland Securities reaffirmed an “outperform” rating and issued a $95.00 target price (up from $75.00) on shares of Ambarella in a report on Wednesday. Roth Mkm restated a “neutral” rating and issued a $60.00 price objective on shares of Ambarella in a research note on Wednesday, August 28th. Finally, Susquehanna raised their target price on shares of Ambarella from $70.00 to $85.00 and gave the stock a “positive” rating in a research note on Wednesday. Two analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $81.67.

Insider Buying and Selling

In other news, VP Yun-Lung Chen sold 5,963 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $57.56, for a total value of $343,230.28. Following the sale, the vice president now directly owns 62,026 shares of the company’s stock, valued at $3,570,216.56. This represents a 8.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Christopher Day sold 2,904 shares of Ambarella stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $58.00, for a total transaction of $168,432.00. Following the transaction, the vice president now owns 18,466 shares of the company’s stock, valued at $1,071,028. The trade was a 13.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,423 shares of company stock worth $1,356,402 in the last quarter. 5.70% of the stock is owned by insiders.

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.