Northern Trust Corp decreased its holdings in shares of Ambarella Inc (NASDAQ:AMBA) by 5.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 325,706 shares of the semiconductor company’s stock after selling 20,427 shares during the period. Northern Trust Corp’s holdings in Ambarella were worth $11,393,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the company. BlackRock Inc. lifted its stake in Ambarella by 2.5% during the third quarter. BlackRock Inc. now owns 1,690,551 shares of the semiconductor company’s stock valued at $65,392,000 after buying an additional 41,782 shares in the last quarter. Morgan Stanley lifted its stake in Ambarella by 22.9% during the third quarter. Morgan Stanley now owns 626,825 shares of the semiconductor company’s stock valued at $24,245,000 after buying an additional 116,704 shares in the last quarter. Vanguard Group Inc. lifted its stake in Ambarella by 2.5% during the third quarter. Vanguard Group Inc. now owns 2,407,044 shares of the semiconductor company’s stock valued at $93,104,000 after buying an additional 57,943 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Ambarella by 4,210.3% during the third quarter. JPMorgan Chase & Co. now owns 324,481 shares of the semiconductor company’s stock valued at $12,550,000 after buying an additional 316,953 shares in the last quarter. Finally, Vanguard Group Inc lifted its stake in Ambarella by 2.5% during the third quarter. Vanguard Group Inc now owns 2,407,044 shares of the semiconductor company’s stock valued at $93,104,000 after buying an additional 57,943 shares in the last quarter. Institutional investors own 72.99% of the company’s stock.

A number of analysts have commented on AMBA shares. BidaskClub raised shares of Ambarella from a “hold” rating to a “buy” rating in a research note on Wednesday, February 27th. ValuEngine lowered shares of Ambarella from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 2nd. Northland Securities reaffirmed a “buy” rating on shares of Ambarella in a research note on Wednesday, March 6th. Craig Hallum raised shares of Ambarella from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research report on Wednesday, March 6th. Finally, TheStreet raised shares of Ambarella from a “d” rating to a “c-” rating in a research report on Tuesday, March 5th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $45.67.

In other news, VP Yun-Lung Chen sold 6,320 shares of the firm’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $41.28, for a total value of $260,889.60. Following the sale, the vice president now owns 27,511 shares in the company, valued at $1,135,654.08. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Christopher Day sold 1,886 shares of the firm’s stock in a transaction on Friday, March 29th. The stock was sold at an average price of $43.10, for a total transaction of $81,286.60. Following the completion of the sale, the vice president now owns 9,674 shares in the company, valued at approximately $416,949.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,886 shares of company stock worth $936,308. Corporate insiders own 5.84% of the company’s stock.

Shares of AMBA stock opened at $45.88 on Thursday. Ambarella Inc has a 12 month low of $30.00 and a 12 month high of $55.50. The company has a market cap of $1.48 billion, a price-to-earnings ratio of -40.60 and a beta of 1.05.

Ambarella (NASDAQ:AMBA) last announced its quarterly earnings results on Tuesday, March 5th. The semiconductor company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.04 by $0.10. Ambarella had a negative return on equity of 8.46% and a negative net margin of 13.37%. Equities research analysts forecast that Ambarella Inc will post -1.53 EPS for the current year.

TRADEMARK VIOLATION WARNING: This piece was published by Watch List News and is the sole property of of Watch List News. If you are reading this piece on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be accessed at https://www.watchlistnews.com/northern-trust-corp-trims-stake-in-ambarella-inc-amba/2954521.html.

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.

Further Reading: What are the components of an earnings report?

Want to see what other hedge funds are holding AMBA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ambarella Inc (NASDAQ:AMBA).

Institutional Ownership by Quarter for Ambarella (NASDAQ:AMBA)

Receive News & Ratings for Ambarella Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ambarella and related companies with MarketBeat.com's FREE daily email newsletter.