Global X MANAGEMENT CO LLC Buys 2,092 Shares of Ambarella, Inc. (AMBA)
Global X MANAGEMENT CO LLC grew its stake in shares of Ambarella, Inc. (NASDAQ:AMBA) by 16.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,762 shares of the semiconductor company’s stock after purchasing an additional 2,092 shares during the quarter. Global X MANAGEMENT CO LLC’s holdings in Ambarella were worth $723,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Ambarella by 5.3% during the first quarter. Vanguard Group Inc. now owns 2,084,839 shares of the semiconductor company’s stock valued at $114,061,000 after purchasing an additional 104,382 shares during the last quarter. Tributary Capital Management LLC grew its holdings in Ambarella by 11.9% in the 2nd quarter. Tributary Capital Management LLC now owns 266,700 shares of the semiconductor company’s stock worth $12,948,000 after buying an additional 28,303 shares in the last quarter. First National Bank of Omaha grew its holdings in Ambarella by 0.9% in the 2nd quarter. First National Bank of Omaha now owns 22,583 shares of the semiconductor company’s stock worth $1,096,000 after buying an additional 205 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in Ambarella by 48.9% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 5,368 shares of the semiconductor company’s stock worth $261,000 after buying an additional 1,763 shares in the last quarter. Finally, ETF Managers Group LLC bought a new position in Ambarella in the 2nd quarter worth approximately $557,000. 55.71% of the stock is owned by institutional investors.
In related news, VP Christopher Day sold 2,618 shares of the firm’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $49.15, for a total transaction of $128,674.70. Following the transaction, the vice president now directly owns 20,377 shares of the company’s stock, valued at $1,001,529.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Feng-Ming Wang sold 11,629 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $46.50, for a total transaction of $540,748.50. The disclosure for this sale can be found here. Insiders have sold 27,835 shares of company stock worth $1,301,265 over the last three months. 5.80% of the stock is owned by insiders.
Ambarella, Inc. (AMBA) opened at $54.30 on Friday. Ambarella, Inc. has a 12 month low of $40.06 and a 12 month high of $65.78. The firm has a market cap of $1,780.28, a price-to-earnings ratio of 34.58, a price-to-earnings-growth ratio of 5.68 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 for the quarter, beating analysts’ consensus estimates of $0.44 by $0.04. Ambarella had a net margin of 16.45% and a return on equity of 11.94%. The firm had revenue of $71.63 million for the quarter, compared to analyst estimates of $70.79 million. During the same period last year, the firm earned $0.54 earnings per share. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. equities analysts predict that Ambarella, Inc. will post 0.64 EPS for the current fiscal year.
A number of equities analysts recently issued reports on AMBA shares. Zacks Investment Research raised Ambarella from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Stifel Nicolaus reissued a “buy” rating and issued a $52.00 price objective (down from $64.00) on shares of Ambarella in a report on Friday, August 25th. Morgan Stanley reissued an “overweight” rating and issued a $65.00 price objective on shares of Ambarella in a report on Thursday, August 31st. Craig Hallum downgraded Ambarella from a “buy” rating to a “hold” rating and set a $50.00 target price for the company. in a research report on Friday, September 1st. Finally, Deutsche Bank AG restated a “hold” rating and issued a $49.00 target price (down from $54.00) on shares of Ambarella in a research report on Friday, September 1st. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $58.86.
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.
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