Scout Investments Inc. Has $2.88 Million Holdings in Ambarella Inc (AMBA)

Scout Investments Inc. raised its stake in Ambarella Inc (NASDAQ:AMBA) by 2.2% during the 3rd quarter, Holdings Channel reports. The firm owned 74,489 shares of the semiconductor company’s stock after buying an additional 1,600 shares during the quarter. Scout Investments Inc.’s holdings in Ambarella were worth $2,881,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Schwab Charles Investment Management Inc. grew its stake in Ambarella by 3.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 57,500 shares of the semiconductor company’s stock valued at $2,817,000 after purchasing an additional 1,900 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Ambarella by 11.9% during the second quarter. Russell Investments Group Ltd. now owns 23,759 shares of the semiconductor company’s stock worth $918,000 after acquiring an additional 2,533 shares during the last quarter. Northern Trust Corp grew its stake in shares of Ambarella by 0.8% during the second quarter. Northern Trust Corp now owns 335,374 shares of the semiconductor company’s stock worth $12,949,000 after acquiring an additional 2,695 shares during the last quarter. Artisan Partners Limited Partnership grew its stake in shares of Ambarella by 0.7% during the second quarter. Artisan Partners Limited Partnership now owns 453,287 shares of the semiconductor company’s stock worth $17,501,000 after acquiring an additional 2,975 shares during the last quarter. Finally, California Public Employees Retirement System grew its stake in shares of Ambarella by 12.2% during the second quarter. California Public Employees Retirement System now owns 28,397 shares of the semiconductor company’s stock worth $1,096,000 after acquiring an additional 3,097 shares during the last quarter. Institutional investors own 70.31% of the company’s stock.

A number of equities research analysts have recently weighed in on the company. BidaskClub upgraded Ambarella from a “sell” rating to a “hold” rating in a research note on Tuesday. ValuEngine lowered Ambarella from a “buy” rating to a “hold” rating in a research note on Wednesday, October 3rd. Zacks Investment Research lowered Ambarella from a “hold” rating to a “sell” rating in a research note on Thursday, September 6th. Deutsche Bank dropped their price target on Ambarella from $44.00 to $38.00 and set a “hold” rating on the stock in a research note on Friday, August 31st. Finally, Stifel Nicolaus dropped their price target on Ambarella from $56.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, August 31st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $50.72.

In related news, Director David Jeffrey Richardson sold 10,197 shares of the company’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $39.93, for a total value of $407,166.21. Following the sale, the director now owns 8,304 shares in the company, valued at $331,578.72. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Christopher B. Paisley sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, September 6th. The shares were sold at an average price of $40.00, for a total value of $40,000.00. Following the completion of the sale, the director now owns 17,765 shares in the company, valued at approximately $710,600. The disclosure for this sale can be found here. In the last quarter, insiders sold 43,609 shares of company stock worth $1,628,876. 5.84% of the stock is owned by insiders.

Shares of NASDAQ AMBA opened at $32.81 on Friday. Ambarella Inc has a 52 week low of $31.41 and a 52 week high of $66.23.

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