Ambarella, Inc. (NASDAQ:AMBA) Shares Bought by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. raised its stake in Ambarella, Inc. (NASDAQ:AMBA) by 79.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 10,272 shares of the semiconductor company’s stock after purchasing an additional 4,555 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Ambarella were worth $522,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Acadian Asset Management LLC bought a new stake in Ambarella in the third quarter valued at about $66,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Ambarella in the 4th quarter valued at approximately $78,000. Daiwa Securities Group Inc. raised its position 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 valued at $88,000 after acquiring an additional 381 shares in the last quarter. Wrapmanager Inc. bought a new position in Ambarella during the fourth quarter worth $210,000. Finally, DMC Group LLC acquired a new position in Ambarella in the fourth quarter worth $211,000. Institutional investors own 82.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AMBA. Morgan Stanley raised their price target on shares of Ambarella from $57.00 to $67.00 and gave the stock an “overweight” rating in a research report on Friday, May 31st. Needham & Company LLC reiterated a “buy” rating and set a $90.00 price target on shares of Ambarella in a research report on Friday, May 31st. Bank of America reduced their price objective on Ambarella from $62.00 to $50.00 and set an “underperform” rating for the company in a research report on Tuesday, April 16th. Wells Fargo & Company dropped their target price on Ambarella from $65.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Friday, May 31st. Finally, StockNews.com raised shares of Ambarella to a “sell” rating in a report on Friday, April 26th. 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. According to data from MarketBeat.com, Ambarella currently has an average rating of “Hold” and an average target price of $69.75.

Insider Activity at Ambarella

In other Ambarella news, VP Chi-Hong Ju sold 6,000 shares of the business’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $52.90, for a total value of $317,400.00. Following the sale, the vice president now directly owns 173,193 shares in the company, valued at $9,161,909.70. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 19,091 shares of company stock valued at $1,050,969 over the last 90 days. 5.70% of the stock is currently owned by corporate insiders.

Ambarella Trading Up 4.6 %

Shares of NASDAQ:AMBA opened at $56.10 on Wednesday. The company has a 50 day moving average of $51.19 and a 200-day moving average of $52.95. The firm has a market cap of $2.30 billion, a P/E ratio of -13.17 and a beta of 1.59. Ambarella, Inc. has a twelve month low of $40.31 and a twelve month high of $85.09.

Ambarella (NASDAQ:AMBA) last released its earnings results on Thursday, May 30th. The semiconductor company reported ($0.89) earnings per share for the quarter, topping 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 the consensus estimate of $54.04 million. Equities research analysts forecast that Ambarella, Inc. will post -3.35 EPS for the current year.

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.