SWS Partners Raises Stock Holdings in Ambarella, Inc. (NASDAQ:AMBA)

SWS Partners raised its stake in shares of Ambarella, Inc. (NASDAQ:AMBA) by 25.3% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 79,522 shares of the semiconductor company’s stock after acquiring an additional 16,049 shares during the period. Ambarella makes up approximately 1.3% of SWS Partners’ holdings, making the stock its 16th biggest position. SWS Partners owned approximately 0.19% of Ambarella worth $4,290,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in AMBA. Kodai Capital Management LP bought a new stake in shares of Ambarella in the fourth quarter worth $65,543,000. Norges Bank bought a new position in shares of Ambarella in the 4th quarter worth approximately $23,495,000. Vanguard Group Inc. boosted its holdings in shares of Ambarella by 6.1% in the first quarter. Vanguard Group Inc. now owns 4,340,831 shares of the semiconductor company’s stock worth $220,384,000 after buying an additional 248,297 shares during the last quarter. Pinnacle Associates Ltd. boosted its holdings in shares of Ambarella by 29.2% in the first quarter. Pinnacle Associates Ltd. now owns 484,906 shares of the semiconductor company’s stock worth $24,619,000 after buying an additional 109,719 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in Ambarella by 24.2% during the fourth quarter. The Manufacturers Life Insurance Company now owns 533,964 shares of the semiconductor company’s stock valued at $32,727,000 after buying an additional 104,072 shares during the period. Hedge funds and other institutional investors own 82.09% of the company’s stock.

Analyst Upgrades and Downgrades

AMBA has been the topic of several recent research reports. Needham & Company LLC reiterated a “buy” rating and set a $90.00 price target on shares of Ambarella in a research note on Friday, May 31st. Morgan Stanley boosted their price target on Ambarella from $57.00 to $67.00 and gave the company an “overweight” rating in a report on Friday, May 31st. Rosenblatt Securities restated a “buy” rating and issued a $85.00 price target on shares of Ambarella in a research report on Tuesday, June 11th. Roth Mkm lowered their price objective on Ambarella from $65.00 to $60.00 and set a “neutral” rating on the stock in a research report on Friday, May 31st. Finally, Wells Fargo & Company cut their price objective on Ambarella from $65.00 to $55.00 and set an “equal weight” rating for the company in a research note on Friday, May 31st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $69.75.

Ambarella Trading Up 5.2 %

AMBA traded up $2.35 during trading on Thursday, hitting $47.51. 650,291 shares of the company traded hands, compared to its average volume of 586,843. The company has a market cap of $1.95 billion, a PE ratio of -10.60 and a beta of 1.59. The stock’s 50-day simple moving average is $54.08 and its two-hundred day simple moving average is $51.81. Ambarella, Inc. has a 1 year low of $39.69 and a 1 year high of $76.36.

Ambarella (NASDAQ:AMBA) last issued its quarterly earnings data on Thursday, May 30th. The semiconductor company reported ($0.89) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.98) by $0.09. Ambarella had a negative return on equity of 24.86% and a negative net margin of 78.36%. The firm had revenue of $54.47 million during the quarter, compared to analyst estimates of $54.04 million. Equities analysts expect that Ambarella, Inc. will post -3.35 EPS for the current year.

Insider Activity at Ambarella

In other Ambarella news, VP Christopher Day sold 1,408 shares of the stock in a transaction on Monday, July 8th. The shares were sold at an average price of $61.66, for a total transaction of $86,817.28. Following the completion of the transaction, the vice president now owns 21,599 shares in the company, valued at $1,331,794.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Christopher Day sold 1,408 shares of the firm’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $61.66, for a total value of $86,817.28. Following the completion of the sale, the vice president now directly owns 21,599 shares of the company’s stock, valued at approximately $1,331,794.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Chi-Hong Ju sold 8,900 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $55.53, for a total value of $494,217.00. Following the transaction, the vice president now directly owns 179,193 shares in the company, valued at approximately $9,950,587.29. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,499 shares of company stock valued at $1,137,787. 5.70% of the stock is owned by corporate insiders.

About Ambarella

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.