Ameritas Investment Partners Inc. maintained its position in shares of Ambarella, Inc. (NASDAQ:AMBA) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,765 shares of the semiconductor company’s stock at the close of the 2nd quarter. Ameritas Investment Partners Inc.’s holdings in Ambarella were worth $134,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. raised its stake in shares of Ambarella by 17.7% during the second quarter. Victory Capital Management Inc. now owns 2,240 shares of the semiconductor company’s stock valued at $109,000 after acquiring an additional 337 shares in the last quarter. Dubuque Bank & Trust Co. raised its stake in shares of Ambarella by 4.0% during the second quarter. Dubuque Bank & Trust Co. now owns 3,793 shares of the semiconductor company’s stock valued at $184,000 after acquiring an additional 147 shares in the last quarter. Amalgamated Bank raised its stake in shares of Ambarella by 3.6% during the second quarter. Amalgamated Bank now owns 4,126 shares of the semiconductor company’s stock valued at $200,000 after acquiring an additional 143 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of Ambarella by 17.6% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 4,908 shares of the semiconductor company’s stock valued at $238,000 after acquiring an additional 734 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in Ambarella by 85.6% in the second quarter. SG Americas Securities LLC now owns 4,945 shares of the semiconductor company’s stock worth $240,000 after buying an additional 2,280 shares in the last quarter. 55.68% of the stock is owned by hedge funds and other institutional investors.

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In other news, CFO George Laplante sold 5,592 shares of the business’s stock in a transaction 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 sale, the chief financial officer now directly owns 103,586 shares of the company’s stock, valued at $4,816,749. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Leslie Kohn sold 6,467 shares of the business’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $46.50, for a total transaction of $300,715.50. Following the sale, the insider now directly owns 907,645 shares in the company, valued at $42,205,492.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,835 shares of company stock worth $1,301,265. Insiders own 5.80% of the company’s stock.

A number of equities analysts recently commented on the stock. Zacks Investment Research raised shares of Ambarella from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. Morgan Stanley reissued an “overweight” rating and issued a $60.00 price objective on shares of Ambarella in a research note on Thursday, September 7th. Stifel Nicolaus reduced their price objective on shares of Ambarella from $64.00 to $52.00 and set a “buy” rating for the company in a research note on Friday, September 1st. Canaccord Genuity reduced their price objective on shares of Ambarella from $72.00 to $58.00 and set a “buy” rating for the company in a research note on Tuesday, September 5th. Finally, Roth Capital downgraded shares of Ambarella from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $65.00 to $50.00 in a research note on Friday, September 1st. Nine investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $58.86.

Ambarella, Inc. (AMBA) opened at $58.01 on Tuesday. The stock has a market capitalization of $1,855.01, a price-to-earnings ratio of 36.03, a PEG ratio of 5.92 and a beta of 1.59. Ambarella, Inc. has a 12-month low of $40.06 and a 12-month high of $65.78.

Ambarella (NASDAQ:AMBA) last issued its quarterly earnings results on Thursday, August 31st. The semiconductor company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.04. The business had revenue of $71.63 million for the quarter, compared to the consensus estimate of $70.79 million. Ambarella had a return on equity of 11.94% and a net margin of 16.45%. The business’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.54 earnings per share. research analysts predict 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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