Western Wealth Management LLC Sells 1,200 Shares of Ambarella, Inc. (NASDAQ:AMBA)

Western Wealth Management LLC trimmed its holdings in shares of Ambarella, Inc. (NASDAQ:AMBA) by 18.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,300 shares of the semiconductor company’s stock after selling 1,200 shares during the period. Western Wealth Management LLC’s holdings in Ambarella were worth $325,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Ambarella by 2.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,207 shares of the semiconductor company’s stock worth $442,000 after buying an additional 195 shares during the last quarter. Mcdonald Partners LLC grew its holdings in Ambarella by 1.5% during the third quarter. Mcdonald Partners LLC now owns 20,771 shares of the semiconductor company’s stock valued at $1,101,000 after purchasing an additional 300 shares during the period. Raymond James & Associates grew its holdings in Ambarella by 2.8% during the fourth quarter. Raymond James & Associates now owns 11,114 shares of the semiconductor company’s stock valued at $681,000 after purchasing an additional 307 shares during the period. Daiwa Securities Group Inc. grew its holdings in Ambarella by 36.2% during the fourth quarter. Daiwa Securities Group Inc. now owns 1,433 shares of the semiconductor company’s stock valued at $88,000 after purchasing an additional 381 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. grew its holdings in Ambarella by 39.3% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,546 shares of the semiconductor company’s stock valued at $80,000 after purchasing an additional 436 shares during the period. 82.09% of the stock is owned by institutional investors.

Insider Activity at Ambarella

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

Ambarella Stock Up 0.1 %

Shares of Ambarella stock opened at $41.05 on Tuesday. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of -9.68 and a beta of 1.66. Ambarella, Inc. has a 12-month low of $40.31 and a 12-month high of $89.18. The firm’s 50-day moving average price is $51.32 and its two-hundred day moving average price is $53.80.

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on AMBA shares. Bank of America decreased their price objective on shares of Ambarella from $62.00 to $50.00 and set an “underperform” rating for the company in a report on Tuesday, April 16th. Susquehanna upped their price target on shares of Ambarella from $70.00 to $80.00 and gave the company a “positive” rating in a report on Wednesday, February 28th. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price target on shares of Ambarella in a report on Wednesday, February 28th. Wells Fargo & Company cut shares of 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 report on Wednesday, January 3rd. Finally, StockNews.com upgraded shares of Ambarella to a “sell” rating in a report on Saturday, April 13th. Two analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $71.08.

Ambarella Profile

Ambarella, Inc develops semiconductor solutions that enable high-definition (HD) and ultra HD compression, image processing, and deep neural network 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.