Tributary Capital Management LLC Sells 15,559 Shares of Ambarella, Inc. $AMBA

Tributary Capital Management LLC decreased its position in Ambarella, Inc. (NASDAQ:AMBA) by 6.5% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 224,856 shares of the semiconductor company’s stock after selling 15,559 shares during the period. Tributary Capital Management LLC’s holdings in Ambarella were worth $14,855,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of AMBA. Advisors Asset Management Inc. boosted its position in Ambarella by 44.1% during the 1st quarter. Advisors Asset Management Inc. now owns 935 shares of the semiconductor company’s stock worth $47,000 after acquiring an additional 286 shares during the last quarter. Banque Transatlantique SA acquired a new position in shares of Ambarella during the 1st quarter worth approximately $50,000. Larson Financial Group LLC grew its holdings in Ambarella by 111.9% in the 1st quarter. Larson Financial Group LLC now owns 1,195 shares of the semiconductor company’s stock valued at $60,000 after buying an additional 631 shares in the last quarter. Quarry LP grew its holdings in Ambarella by 611.5% in the 1st quarter. Quarry LP now owns 1,793 shares of the semiconductor company’s stock valued at $90,000 after buying an additional 1,541 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ grew its holdings in Ambarella by 452.4% in the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 2,497 shares of the semiconductor company’s stock valued at $126,000 after buying an additional 2,045 shares in the last quarter. Institutional investors and hedge funds own 82.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AMBA. Morgan Stanley upped their price objective on Ambarella from $80.00 to $96.00 and gave the company an “overweight” rating in a report on Friday, August 29th. Bank of America upped their price objective on Ambarella from $63.00 to $90.00 and gave the company a “neutral” rating in a report on Friday, August 29th. Susquehanna increased their target price on Ambarella from $80.00 to $90.00 and gave the stock a “positive” rating in a report on Tuesday, July 22nd. Needham & Company LLC increased their target price on Ambarella from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Finally, Summit Insights raised Ambarella from a “hold” rating to a “buy” rating in a report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $93.88.

Insider Activity

In other news, VP Yun-Lung Chen sold 8,492 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $84.42, for a total transaction of $716,894.64. Following the completion of the sale, the vice president owned 61,651 shares in the company, valued at $5,204,577.42. The trade was a 12.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO John Alexander Young sold 2,566 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $79.43, for a total value of $203,817.38. Following the sale, the chief financial officer owned 109,108 shares of the company’s stock, valued at approximately $8,666,448.44. This represents a 2.30% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 35,227 shares of company stock worth $2,875,131. Company insiders own 5.30% of the company’s stock.

Ambarella Stock Down 4.1%

NASDAQ:AMBA opened at $79.79 on Thursday. The stock’s 50-day simple moving average is $79.67 and its 200 day simple moving average is $65.28. The firm has a market capitalization of $3.41 billion, a PE ratio of -37.82 and a beta of 2.10. Ambarella, Inc. has a twelve month low of $38.86 and a twelve month high of $93.44.

Ambarella (NASDAQ:AMBA) last released its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.10. The business had revenue of $95.51 million for the quarter, compared to analyst estimates of $90.01 million. Ambarella had a negative return on equity of 14.73% and a negative net margin of 25.46%.Ambarella’s revenue was up 49.9% compared to the same quarter last year. During the same period last year, the firm posted ($0.13) earnings per share. Ambarella has set its Q3 2026 guidance at EPS. On average, analysts anticipate that Ambarella, Inc. will post -2.81 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.