Ambarella Inc (NASDAQ:AMBA) Position Reduced by Wrapmanager Inc.

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Wrapmanager Inc. decreased its position in shares of Ambarella Inc (NASDAQ:AMBA) by 21.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,129 shares of the semiconductor company’s stock after selling 1,367 shares during the period. Wrapmanager Inc.’s holdings in Ambarella were worth $226,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. First National Bank of Omaha raised its holdings in Ambarella by 1.2% during the first quarter. First National Bank of Omaha now owns 24,595 shares of the semiconductor company’s stock worth $1,063,000 after purchasing an additional 288 shares in the last quarter. Advisor Group Inc. raised its holdings in Ambarella by 3.2% during the second quarter. Advisor Group Inc. now owns 15,324 shares of the semiconductor company’s stock worth $675,000 after purchasing an additional 471 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in Ambarella by 10.7% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,762 shares of the semiconductor company’s stock worth $292,000 after purchasing an additional 652 shares in the last quarter. First Trust Advisors LP raised its holdings in Ambarella by 5.9% during the first quarter. First Trust Advisors LP now owns 16,783 shares of the semiconductor company’s stock worth $725,000 after purchasing an additional 935 shares in the last quarter. Finally, Krane Funds Advisors LLC raised its holdings in Ambarella by 14.8% during the first quarter. Krane Funds Advisors LLC now owns 9,834 shares of the semiconductor company’s stock worth $425,000 after purchasing an additional 1,267 shares in the last quarter. 74.26% of the stock is currently owned by hedge funds and other institutional investors.

In other Ambarella news, Director Christopher B. Paisley sold 1,000 shares of Ambarella stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $41.93, for a total transaction of $41,930.00. Following the transaction, the director now directly owns 21,621 shares in the company, valued at approximately $906,568.53. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Christopher Day sold 2,490 shares of Ambarella stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $43.98, for a total transaction of $109,510.20. Following the transaction, the vice president now owns 8,604 shares in the company, valued at $378,403.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,201 shares of company stock worth $655,716. 6.31% of the stock is currently owned by company insiders.

Ambarella stock opened at $44.66 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 9.42 and a current ratio of 9.84. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of -40.23 and a beta of 1.31. Ambarella Inc has a 1 year low of $30.00 and a 1 year high of $52.12. The business has a 50 day simple moving average of $46.46.

Ambarella (NASDAQ:AMBA) last posted its quarterly earnings results on Tuesday, June 4th. The semiconductor company reported ($0.50) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.44) by ($0.06). The business had revenue of $47.19 million during the quarter, compared to analyst estimates of $47.01 million. Ambarella had a negative return on equity of 10.24% and a negative net margin of 17.32%. Analysts predict that Ambarella Inc will post -1.28 EPS for the current fiscal year.

Several equities research analysts recently commented on AMBA shares. TheStreet cut Ambarella from a “c-” rating to a “d+” rating in a report on Wednesday, June 12th. Northland Securities reissued a “buy” rating and set a $45.00 target price on shares of Ambarella in a report on Monday, July 8th. Needham & Company LLC lowered shares of Ambarella from a “hold” rating to an “underperform” rating in a research report on Wednesday, June 5th. ValuEngine upgraded shares of Ambarella from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 2nd. Finally, BidaskClub lowered shares of Ambarella from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $45.88.

Ambarella Company 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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