Ambarella, Inc. (NASDAQ:AMBA) Shares Acquired by California Public Employees Retirement System

California Public Employees Retirement System boosted its position in Ambarella, Inc. (NASDAQ:AMBA) by 0.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 75,511 shares of the semiconductor company’s stock after acquiring an additional 372 shares during the quarter. California Public Employees Retirement System’s holdings in Ambarella were worth $6,933,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of AMBA. Sheets Smith Wealth Management grew its holdings in Ambarella by 2.6% during the 4th quarter. Sheets Smith Wealth Management now owns 4,345 shares of the semiconductor company’s stock worth $399,000 after acquiring an additional 110 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Ambarella by 1.2% during the 3rd 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 last quarter. Gamco Investors INC. ET AL grew its stake in shares of Ambarella by 2.8% during the third quarter. Gamco Investors INC. ET AL now owns 6,785 shares of the semiconductor company’s stock worth $354,000 after purchasing an additional 187 shares in the last quarter. Formidable Asset Management LLC increased its holdings in Ambarella by 4.3% in the third quarter. Formidable Asset Management LLC now owns 4,870 shares of the semiconductor company’s stock valued at $253,000 after buying an additional 200 shares during the last quarter. Finally, Banque Cantonale Vaudoise raised its stake in Ambarella by 20.6% in the third quarter. Banque Cantonale Vaudoise now owns 1,502 shares of the semiconductor company’s stock valued at $79,000 after buying an additional 257 shares in the last quarter. Institutional investors own 72.27% of the company’s stock.

NASDAQ:AMBA opened at $121.41 on Tuesday. The company has a market cap of $4.27 billion, a P/E ratio of -68.98 and a beta of 1.49. The firm’s 50 day moving average is $109.43 and its two-hundred day moving average is $74.70. Ambarella, Inc. has a fifty-two week low of $36.02 and a fifty-two week high of $128.93.

Ambarella (NASDAQ:AMBA) last issued its earnings results 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 return on equity of 12.74% and a negative net margin of 27.64%. The firm had revenue of $56.09 million for the quarter, compared to analysts’ expectations of $54.09 million. As a group, research analysts anticipate that Ambarella, Inc. will post -1.46 earnings per share for the current year.

A number of research analysts have recently commented on the company. Summit Insights upgraded Ambarella from a “hold” rating to a “buy” rating in a report on Monday, November 23rd. Craig Hallum increased their price target on shares of Ambarella from $90.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, January 5th. Needham & Company LLC boosted their price objective on shares of Ambarella from $63.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, November 24th. Zacks Investment Research upgraded shares of Ambarella from a “sell” rating to a “hold” rating and set a $130.00 target price for the company in a report on Friday. Finally, Roth Capital upgraded shares of Ambarella from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $95.00 to $130.00 in a research note on Wednesday, January 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $87.00.

In related news, Director Chenming Hu sold 5,818 shares of the stock in a transaction that occurred on Thursday, December 3rd. The shares were sold at an average price of $88.00, for a total transaction of $511,984.00. Following the completion of the sale, the director now owns 18,079 shares of the company’s stock, valued at approximately $1,590,952. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Elizabeth M. Schwarting sold 700 shares of the firm’s stock in a transaction that occurred on Monday, November 30th. The shares were sold at an average price of $77.85, for a total transaction of $54,495.00. Following the completion of the transaction, the director now owns 213 shares in the company, valued at approximately $16,582.05. The disclosure for this sale can be found here. Insiders have sold 92,603 shares of company stock valued at $8,026,813 over the last 90 days. 5.69% of the stock is currently owned by insiders.

Ambarella Company Profile

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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