Symphony Financial Ltd. Co. Invests $329,000 in Ambarella, Inc. (NASDAQ:AMBA)

Symphony Financial Ltd. Co. purchased a new stake in shares of Ambarella, Inc. (NASDAQ:AMBA) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 3,600 shares of the semiconductor company’s stock, valued at approximately $329,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. ExodusPoint Capital Management LP raised its holdings in Ambarella by 368.2% in the third quarter. ExodusPoint Capital Management LP now owns 154,817 shares of the semiconductor company’s stock worth $8,078,000 after buying an additional 121,751 shares during the last quarter. S Squared Technology LLC boosted its position in shares of Ambarella by 12.9% in the third quarter. S Squared Technology LLC now owns 87,551 shares of the semiconductor company’s stock worth $4,568,000 after purchasing an additional 10,000 shares during the period. KBC Group NV boosted its position in shares of Ambarella by 55.9% in the third quarter. KBC Group NV now owns 87,785 shares of the semiconductor company’s stock worth $4,581,000 after purchasing an additional 31,476 shares during the period. State of New Jersey Common Pension Fund D boosted its position in shares of Ambarella by 27.0% in the third quarter. State of New Jersey Common Pension Fund D now owns 45,852 shares of the semiconductor company’s stock worth $2,393,000 after purchasing an additional 9,746 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its position in shares of Ambarella by 1.2% in the third quarter. Public Employees Retirement System of Ohio now owns 14,823 shares of the semiconductor company’s stock worth $773,000 after purchasing an additional 173 shares during the period. 72.27% of the stock is owned by institutional investors.

AMBA stock opened at $99.38 on Thursday. Ambarella, Inc. has a twelve month low of $36.02 and a twelve month high of $108.10. The stock has a market capitalization of $3.50 billion, a price-to-earnings ratio of -56.47 and a beta of 1.49. The firm’s fifty day simple moving average is $90.90 and its two-hundred day simple moving average is $61.60.

Ambarella (NASDAQ:AMBA) last posted its quarterly earnings data on Sunday, November 22nd. The semiconductor company reported $0.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.04. Ambarella had a negative net margin of 27.64% and a negative return on equity of 12.74%. The business had revenue of $56.09 million for the quarter, compared to analysts’ expectations of $54.09 million. Equities research analysts forecast that Ambarella, Inc. will post -1.46 earnings per share for the current fiscal year.

Several research firms have recently commented on AMBA. Roth Capital raised shares of Ambarella from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $95.00 to $130.00 in a report on Wednesday. Needham & Company LLC boosted their target price on shares of Ambarella from $63.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, November 24th. Craig Hallum boosted their target price on shares of Ambarella from $90.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, January 5th. Summit Insights raised shares of Ambarella from a “hold” rating to a “buy” rating in a report on Monday, November 23rd. Finally, TheStreet raised shares of Ambarella from a “d+” rating to a “c-” rating in a report on Wednesday, November 4th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Ambarella presently has an average rating of “Buy” and an average target price of $80.36.

In other news, Director Teresa H. Meng sold 1,287 shares of the company’s stock in a transaction dated Friday, November 27th. The shares were sold at an average price of $78.80, for a total value of $101,415.60. Following the transaction, the director now directly owns 3,936 shares in the company, valued at $310,156.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Christopher Day sold 1,367 shares of the company’s stock in a transaction dated Monday, November 30th. The stock was sold at an average price of $78.00, for a total transaction of $106,626.00. Following the completion of the transaction, the vice president now owns 10,720 shares in the company, valued at $836,160. The disclosure for this sale can be found here. Insiders have sold 95,303 shares of company stock worth $8,208,586 in the last quarter. Company insiders own 5.69% of the company’s stock.

About Ambarella

Ambarella, Inc develops semiconductor processing solutions for video that enable high-definition (HD), video capture, analysis, sharing, and display worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, computer vision functionality, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.

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Institutional Ownership by Quarter for Ambarella (NASDAQ:AMBA)

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