Quantbot Technologies LP cut its holdings in shares of Ambarella Inc (NASDAQ:AMBA) by 44.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,136 shares of the semiconductor company’s stock after selling 20,470 shares during the period. Quantbot Technologies LP owned 0.08% of Ambarella worth $972,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Ambarella in the 2nd quarter valued at about $1,412,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Ambarella during the 2nd quarter worth approximately $459,000. Alps Advisors Inc. acquired a new position in Ambarella during the 2nd quarter worth approximately $264,000. Wasatch Advisors Inc. acquired a new position in Ambarella during the 2nd quarter worth approximately $981,000. Finally, Axel Capital Management LLC acquired a new position in Ambarella during the 2nd quarter worth approximately $1,776,000. 80.17% of the stock is currently owned by institutional investors and hedge funds.

In other Ambarella news, VP Christopher Day sold 1,326 shares of the stock in a transaction on Thursday, September 6th. The stock was sold at an average price of $39.77, for a total transaction of $52,735.02. Following the transaction, the vice president now owns 16,353 shares in the company, valued at approximately $650,358.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Leslie Kohn sold 6,799 shares of the stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $35.46, for a total value of $241,092.54. Following the transaction, the insider now owns 916,795 shares in the company, valued at approximately $32,509,550.70. The disclosure for this sale can be found here. In the last 90 days, insiders sold 43,609 shares of company stock worth $1,628,876. 5.84% of the stock is owned by company insiders.

AMBA has been the subject of a number of recent research reports. Zacks Investment Research raised Ambarella from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 7th. Cowen cut their price objective on Ambarella from $65.00 to $54.00 and set an “outperform” rating for the company in a report on Friday, August 31st. Bank of America downgraded Ambarella from a “neutral” rating to an “underperform” rating and set a $35.00 price objective for the company. in a report on Friday, August 31st. Needham & Company LLC reissued a “hold” rating on shares of Ambarella in a report on Friday, August 31st. Finally, Dougherty & Co cut their price objective on Ambarella from $55.00 to $50.00 and set a “buy” rating for the company in a report on Friday, August 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $48.95.

AMBA opened at $40.20 on Wednesday. Ambarella Inc has a 1-year low of $30.00 and a 1-year high of $66.23. The firm has a market capitalization of $1.28 billion, a P/E ratio of 73.09 and a beta of 1.09.

Ambarella (NASDAQ:AMBA) last posted its quarterly earnings results on Thursday, November 29th. The semiconductor company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.01). Ambarella had a negative net margin of 9.97% and a negative return on equity of 5.21%. The business had revenue of $57.30 million during the quarter, compared to the consensus estimate of $57.12 million. During the same quarter last year, the company posted $0.75 EPS. The firm’s revenue was down 35.7% on a year-over-year basis. On average, equities analysts expect that Ambarella Inc will post -0.93 earnings per share for the current year.

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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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