The Manufacturers Life Insurance Company raised its position in Ambarella, Inc. (NASDAQ:AMBA) by 1.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,951 shares of the semiconductor company’s stock after purchasing an additional 376 shares during the quarter. The Manufacturers Life Insurance Company owned 0.07% of Ambarella worth $1,212,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in Ambarella by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 2,145,609 shares of the semiconductor company’s stock worth $104,169,000 after acquiring an additional 60,770 shares in the last quarter. Van Berkom & Associates Inc. grew its stake in Ambarella by 22.7% in the 2nd quarter. Van Berkom & Associates Inc. now owns 1,235,483 shares of the semiconductor company’s stock worth $59,983,000 after acquiring an additional 228,740 shares in the last quarter. Eagle Asset Management Inc. grew its stake in Ambarella by 36.2% in the 2nd quarter. Eagle Asset Management Inc. now owns 1,152,405 shares of the semiconductor company’s stock worth $55,949,000 after acquiring an additional 306,248 shares in the last quarter. AXA grew its stake in Ambarella by 100.6% in the 2nd quarter. AXA now owns 708,106 shares of the semiconductor company’s stock worth $34,379,000 after acquiring an additional 355,170 shares in the last quarter. Finally, State of Tennessee Treasury Department grew its stake in Ambarella by 53.8% in the 2nd quarter. State of Tennessee Treasury Department now owns 600,000 shares of the semiconductor company’s stock worth $29,130,000 after acquiring an additional 210,000 shares in the last quarter. Institutional investors and hedge funds own 55.68% of the company’s stock.

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A number of equities analysts have commented on the stock. Craig Hallum downgraded shares of Ambarella from a “buy” rating to a “hold” rating and set a $50.00 target price on the stock. in a research note on Friday, September 1st. Needham & Company LLC restated a “hold” rating on shares of Ambarella in a research note on Friday, September 1st. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Ambarella in a research note on Friday, September 1st. Canaccord Genuity dropped their target price on shares of Ambarella from $72.00 to $58.00 and set a “buy” rating on the stock in a research note on Tuesday, September 5th. Finally, ValuEngine upgraded shares of Ambarella from a “sell” rating to a “hold” rating in a research note on Friday, September 8th. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $58.86.

In other Ambarella news, CEO Feng-Ming Wang sold 11,629 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $46.50, for a total value of $540,748.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO George Laplante sold 5,592 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $46.50, for a total transaction of $260,028.00. Following the completion of the sale, the chief financial officer now owns 103,586 shares of the company’s stock, valued at $4,816,749. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,835 shares of company stock valued at $1,301,265. 5.80% of the stock is owned by insiders.

Ambarella, Inc. (NASDAQ:AMBA) opened at $56.45 on Friday. Ambarella, Inc. has a one year low of $40.06 and a one year high of $65.78. The stock has a market cap of $1,873.94, a P/E ratio of 36.40, a PEG ratio of 5.98 and a beta of 1.59.

Ambarella (NASDAQ:AMBA) last released its quarterly earnings data on Thursday, August 31st. The semiconductor company reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.04. The firm had revenue of $71.63 million for the quarter, compared to the consensus estimate of $70.79 million. Ambarella had a net margin of 16.45% and a return on equity of 11.94%. The company’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period last year, the firm earned $0.54 earnings per share. equities analysts expect that Ambarella, Inc. will post 0.64 EPS for the current fiscal year.

About Ambarella

Ambarella, Inc offers semiconductor processing solutions for video that enable high-definition (HD), video capture, sharing and display. The Company operates through the development and sale of low-power, high-definition video products segment. Its system-on-a-chip designs incorporate HD video processing, image processing, audio processing and system functions onto a single chip.

Institutional Ownership by Quarter for Ambarella (NASDAQ:AMBA)

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