Linden Thomas Advisory Services LLC Sells 412 Shares of Ambarella, Inc. (NASDAQ:AMBA)

Linden Thomas Advisory Services LLC cut its holdings in shares of Ambarella, Inc. (NASDAQ:AMBA) by 2.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,708 shares of the semiconductor company’s stock after selling 412 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Ambarella were worth $1,024,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. California Public Employees Retirement System grew its position in Ambarella by 2.4% during the fourth quarter. California Public Employees Retirement System now owns 64,751 shares of the semiconductor company’s stock valued at $3,969,000 after buying an additional 1,531 shares during the period. Duality Advisers LP grew its position in shares of Ambarella by 17.8% during the 4th quarter. Duality Advisers LP now owns 20,426 shares of the semiconductor company’s stock valued at $1,252,000 after acquiring an additional 3,080 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of Ambarella by 36.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 1,433 shares of the semiconductor company’s stock worth $88,000 after purchasing an additional 381 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Ambarella by 2.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,207 shares of the semiconductor company’s stock valued at $442,000 after buying an additional 195 shares during the period. Finally, Aquila Investment Management LLC increased its holdings in Ambarella by 11.1% in the 4th quarter. Aquila Investment Management LLC now owns 40,000 shares of the semiconductor company’s stock worth $2,452,000 after acquiring an additional 4,000 shares during the last quarter. 82.09% of the stock is currently owned by institutional investors.

Insider Activity at Ambarella

In other Ambarella news, COO Chan W. Lee sold 1,075 shares of Ambarella stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $49.27, for a total transaction of $52,965.25. Following the completion of the sale, the chief operating officer now owns 124,146 shares of the company’s stock, valued at $6,116,673.42. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Ambarella news, COO Chan W. Lee sold 1,075 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $49.27, for a total transaction of $52,965.25. Following the transaction, the chief operating officer now directly owns 124,146 shares in the company, valued at $6,116,673.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Leslie Kohn sold 1,198 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $49.27, for a total transaction of $59,025.46. Following the completion of the sale, the chief technology officer now owns 964,664 shares of the company’s stock, valued at $47,528,995.28. The disclosure for this sale can be found here. Insiders have sold a total of 6,648 shares of company stock valued at $327,595 over the last 90 days. 5.90% of the stock is owned by insiders.

Ambarella Stock Performance

AMBA stock opened at $42.56 on Thursday. The company’s 50 day moving average is $50.87 and its 200 day moving average is $53.64. Ambarella, Inc. has a 1-year low of $40.31 and a 1-year high of $89.18.

Ambarella (NASDAQ:AMBA) last issued its quarterly earnings results on Tuesday, February 27th. The semiconductor company reported ($0.95) EPS for the quarter, topping analysts’ consensus estimates of ($0.98) by $0.03. Ambarella had a negative net margin of 74.81% and a negative return on equity of 23.78%. The firm had revenue of $51.62 million for the quarter, compared to analyst estimates of $51.68 million. Research analysts forecast that Ambarella, Inc. will post -3.53 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. StockNews.com upgraded shares of Ambarella to a “sell” rating in a research report on Saturday, April 13th. Morgan Stanley lifted their price objective on shares of Ambarella from $67.00 to $73.00 and gave the company an “overweight” rating in a research note on Wednesday, February 28th. Needham & Company LLC restated a “buy” rating and set a $90.00 target price on shares of Ambarella in a research report on Wednesday, February 28th. Wells Fargo & Company cut Ambarella from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $85.00 to $65.00 in a research report on Wednesday, January 3rd. Finally, Bank of America dropped their price objective on Ambarella from $62.00 to $50.00 and set an “underperform” rating on the stock in a report on Tuesday, April 16th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Ambarella presently has an average rating of “Hold” and an average price target of $71.08.

Ambarella Profile

Ambarella, Inc develops semiconductor solutions that enable high-definition (HD) and ultra HD compression, image signal processing, and artificial intelligence processing worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, artificial intelligence computer vision algorithms, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.