Ambarella Inc (AMBA) Shares Bought by Global X Management Co. LLC

Global X Management Co. LLC grew its position in Ambarella Inc (NASDAQ:AMBA) by 58.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,377 shares of the semiconductor company’s stock after acquiring an additional 8,615 shares during the quarter. Global X Management Co. LLC owned approximately 0.07% of Ambarella worth $1,373,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Victory Capital Management Inc. increased its holdings in shares of Ambarella by 53.4% in the 3rd quarter. Victory Capital Management Inc. now owns 3,437 shares of the semiconductor company’s stock valued at $168,000 after acquiring an additional 1,197 shares during the last quarter. Turner Investments LLC bought a new stake in shares of Ambarella in the 3rd quarter valued at approximately $172,000. Aperio Group LLC bought a new stake in shares of Ambarella in the 3rd quarter valued at approximately $213,000. Belpointe Asset Management LLC bought a new stake in shares of Ambarella in the 3rd quarter valued at approximately $216,000. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in shares of Ambarella by 17.6% in the 2nd 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 during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Ambarella Inc (NASDAQ:AMBA) opened at $48.27 on Monday. Ambarella Inc has a 12-month low of $40.06 and a 12-month high of $66.23. The stock has a market capitalization of $1,607.70, a price-to-earnings ratio of 46.41, a price-to-earnings-growth ratio of 6.68 and a beta of 1.52.

Ambarella (NASDAQ:AMBA) last announced its quarterly earnings results on Thursday, November 30th. The semiconductor company reported $0.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.08. Ambarella had a return on equity of 7.87% and a net margin of 11.51%. The company had revenue of $89.06 million during the quarter, compared to analyst estimates of $89.41 million. During the same quarter in the previous year, the firm posted $1.11 EPS. The firm’s quarterly revenue was down 11.4% on a year-over-year basis. research analysts expect that Ambarella Inc will post 0.7 earnings per share for the current year.

A number of research analysts recently issued reports on the company. Oppenheimer upgraded Ambarella from a “market perform” rating to a “buy” rating and set a $70.00 price objective for the company in a research report on Wednesday, January 3rd. Zacks Investment Research upgraded Ambarella from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. BidaskClub lowered Ambarella from a “hold” rating to a “sell” rating in a research report on Saturday, January 13th. KeyCorp restated a “hold” rating on shares of Ambarella in a research report on Friday, November 3rd. Finally, Morgan Stanley boosted their price objective on Ambarella from $60.00 to $65.00 and gave the company an “overweight” rating in a research report on Wednesday, December 13th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $60.14.

In other news, Director Christopher B. Paisley sold 2,000 shares of the company’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $59.23, for a total value of $118,460.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Yun-Lung Chen sold 4,435 shares of the company’s stock in a transaction on Friday, December 29th. The shares were sold at an average price of $59.80, for a total value of $265,213.00. The disclosure for this sale can be found here. Insiders have sold a total of 36,553 shares of company stock valued at $2,145,108 in the last quarter. 5.80% of the stock is currently owned by insiders.

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Ambarella Profile

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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Ambarella Inc (AMBA) Shares Bought by Global X Management Co. LLC

Global X Management Co. LLC increased its position in Ambarella Inc (NASDAQ:AMBA) by 58.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 23,377 shares of the semiconductor company’s stock after acquiring an additional 8,615 shares during the period. Global X Management Co. LLC’s holdings in Ambarella were worth $1,373,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp lifted its holdings in shares of Ambarella by 5.9% in the second quarter. State Street Corp now owns 595,044 shares of the semiconductor company’s stock valued at $28,894,000 after buying an additional 33,237 shares during the period. McCollum Christoferson Group LLC acquired a new stake in shares of Ambarella during the fourth quarter worth $3,930,000. Alpine Woods Capital Investors LLC raised its position in shares of Ambarella by 21.8% during the third quarter. Alpine Woods Capital Investors LLC now owns 29,100 shares of the semiconductor company’s stock worth $1,426,000 after purchasing an additional 5,200 shares during the period. Caxton Associates LP acquired a new stake in shares of Ambarella during the third quarter worth $1,005,000. Finally, Northern Trust Corp raised its position in shares of Ambarella by 4.5% during the second quarter. Northern Trust Corp now owns 344,807 shares of the semiconductor company’s stock worth $16,741,000 after purchasing an additional 14,710 shares during the period. Institutional investors and hedge funds own 63.01% of the company’s stock.

A number of brokerages have recently issued reports on AMBA. Oppenheimer reaffirmed a “hold” rating on shares of Ambarella in a research report on Friday, December 1st. BidaskClub raised Ambarella from a “sell” rating to a “hold” rating in a research report on Friday, January 5th. Zacks Investment Research raised Ambarella from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Needham & Company LLC reaffirmed a “hold” rating on shares of Ambarella in a research report on Friday, December 1st. Finally, Vetr raised Ambarella from a “hold” rating to a “buy” rating and set a $61.51 target price on the stock in a research report on Tuesday, December 5th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. Ambarella presently has a consensus rating of “Hold” and an average price target of $60.14.

In related news, CEO Feng-Ming Wang sold 8,851 shares of the company’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $57.69, for a total transaction of $510,614.19. Following the transaction, the chief executive officer now directly owns 293,267 shares of the company’s stock, valued at $16,918,573.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Yun-Lung Chen sold 4,435 shares of the company’s stock in a transaction on Friday, December 29th. The shares were sold at an average price of $59.80, for a total value of $265,213.00. The disclosure for this sale can be found here. Insiders have sold 36,553 shares of company stock worth $2,145,108 over the last three months. 5.80% of the stock is owned by insiders.

Ambarella Inc (NASDAQ AMBA) opened at $48.27 on Monday. The firm has a market capitalization of $1,607.70, a price-to-earnings ratio of 46.41, a P/E/G ratio of 6.68 and a beta of 1.52. Ambarella Inc has a 52-week low of $40.06 and a 52-week high of $66.23.

Ambarella (NASDAQ:AMBA) last posted its quarterly earnings results on Thursday, November 30th. The semiconductor company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.08. The firm had revenue of $89.06 million for the quarter, compared to analyst estimates of $89.41 million. Ambarella had a return on equity of 7.87% and a net margin of 11.51%. Ambarella’s quarterly revenue was down 11.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.11 earnings per share. equities research analysts anticipate that Ambarella Inc will post 0.7 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This story was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this story on another publication, it was illegally copied and reposted in violation of U.S. & international trademark and copyright laws. The original version of this story can be viewed at https://ledgergazette.com/2018/02/19/ambarella-inc-amba-shares-bought-by-global-x-management-co-llc.html.

Ambarella Profile

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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Institutional Ownership by Quarter for Ambarella (NASDAQ:AMBA)

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