KBC Group NV Has $2.36 Million Holdings in Ambarella, Inc. (NASDAQ:AMBA)

KBC Group NV grew its position in Ambarella, Inc. (NASDAQ:AMBA) by 1.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,835 shares of the semiconductor company’s stock after buying an additional 525 shares during the quarter. KBC Group NV’s holdings in Ambarella were worth $2,360,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in AMBA. Vanguard Group Inc. raised its position in Ambarella by 6.1% during the first quarter. Vanguard Group Inc. now owns 4,340,831 shares of the semiconductor company’s stock valued at $220,384,000 after buying an additional 248,297 shares during the period. Millennium Management LLC grew its stake in Ambarella by 7.0% during the 2nd quarter. Millennium Management LLC now owns 1,447,466 shares of the semiconductor company’s stock valued at $78,091,000 after acquiring an additional 94,257 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Ambarella by 36.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,291,900 shares of the semiconductor company’s stock valued at $69,698,000 after purchasing an additional 343,385 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Ambarella by 0.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 683,119 shares of the semiconductor company’s stock valued at $36,854,000 after purchasing an additional 2,994 shares during the period. Finally, Marshall Wace LLP lifted its position in shares of Ambarella by 69.2% in the second quarter. Marshall Wace LLP now owns 613,346 shares of the semiconductor company’s stock worth $33,090,000 after purchasing an additional 250,778 shares in the last quarter. 82.09% of the stock is owned by hedge funds and other institutional investors.

Ambarella Stock Up 0.9 %

NASDAQ:AMBA opened at $57.44 on Tuesday. The company’s 50 day moving average is $56.88 and its 200-day moving average is $54.13. Ambarella, Inc. has a 12 month low of $39.69 and a 12 month high of $65.88. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of -13.30 and a beta of 1.63.

Ambarella (NASDAQ:AMBA) last announced its earnings results on Tuesday, August 27th. The semiconductor company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.06. The firm had revenue of $63.70 million for the quarter, compared to the consensus estimate of $62.10 million. Ambarella had a negative net margin of 79.46% and a negative return on equity of 26.01%. The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.76) EPS. Research analysts predict that Ambarella, Inc. will post -3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Susquehanna dropped their price objective on shares of Ambarella from $80.00 to $70.00 and set a “positive” rating on the stock in a research note on Monday, October 21st. Morgan Stanley upped their price target on shares of Ambarella from $67.00 to $73.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 28th. Needham & Company LLC reissued a “buy” rating and set a $90.00 price objective on shares of Ambarella in a research report on Wednesday, August 28th. Bank of America lifted their price target on Ambarella from $50.00 to $57.00 and gave the company an “underperform” rating in a report on Wednesday, August 28th. Finally, Roth Mkm reaffirmed a “neutral” rating and set a $60.00 price objective on shares of Ambarella in a research report on Wednesday, August 28th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $74.09.

Insider Transactions at Ambarella

In other news, VP Christopher Day sold 2,904 shares of the stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $58.00, for a total value of $168,432.00. Following the completion of the sale, the vice president now directly owns 18,466 shares of the company’s stock, valued at approximately $1,071,028. This represents a 13.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Yun-Lung Chen sold 5,963 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $57.56, for a total transaction of $343,230.28. Following the transaction, the vice president now directly owns 62,026 shares in the company, valued at $3,570,216.56. This trade represents a 8.77 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,423 shares of company stock worth $1,356,402. Company insiders own 5.70% of the company’s stock.

Ambarella Company 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.