Ladenburg Thalmann Financial Services Inc. Decreases Position in Ambarella Inc (AMBA)

Ladenburg Thalmann Financial Services Inc. lowered its stake in shares of Ambarella Inc (NASDAQ:AMBA) by 1.9% during the fourth quarter, Holdings Channel reports. The firm owned 3,702 shares of the company’s stock after selling 73 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Ambarella were worth $200,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. First Interstate Bank increased its position in Ambarella by 2.4% in the fourth quarter. First Interstate Bank now owns 2,169 shares of the company’s stock valued at $117,000 after buying an additional 50 shares during the period. Strs Ohio bought a new position in Ambarella during the third quarter valued at approximately $154,000. ARK Investment Management LLC bought a new position in Ambarella during the fourth quarter valued at approximately $154,000. Van Hulzen Asset Management LLC bought a new position in Ambarella during the third quarter valued at approximately $188,000. Finally, Sheaff Brock Investment Advisors LLC bought a new position in Ambarella during the third quarter valued at approximately $202,000. 58.50% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Ambarella (NASDAQ:AMBA)

Ambarella Inc (NASDAQ:AMBA) opened at 56.34 on Monday. The stock’s 50 day moving average is $54.71 and its 200-day moving average is $59.16. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 33.54 and a beta of 1.51. Ambarella Inc has a 12 month low of $35.26 and a 12 month high of $74.95.

Ambarella (NASDAQ:AMBA) last posted its earnings results on Tuesday, February 28th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.18. The company had revenue of $87.50 million for the quarter, compared to analyst estimates of $85.92 million. Ambarella had a net margin of 15.32% and a return on equity of 13.28%. Ambarella’s revenue was up 28.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.64 EPS. On average, equities research analysts expect that Ambarella Inc will post $2.19 earnings per share for the current year.

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A number of research analysts recently commented on the stock. Deutsche Bank AG reaffirmed a “hold” rating and issued a $65.00 price target (down previously from $68.00) on shares of Ambarella in a report on Sunday, December 4th. Stifel Nicolaus lowered their price target on shares of Ambarella from $84.00 to $82.00 and set a “buy” rating for the company in a report on Tuesday, February 21st. Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of Ambarella in a report on Tuesday, December 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of Ambarella in a report on Sunday, December 4th. Finally, Pacific Crest reaffirmed a “buy” rating and issued a $70.00 price target (down previously from $75.00) on shares of Ambarella in a report on Tuesday, November 29th. One analyst has rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $69.19.

In other news, CEO Feng-Ming Wang sold 7,971 shares of the company’s stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $56.19, for a total value of $447,890.49. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Christopher B. Paisley sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $60.54, for a total transaction of $60,540.00. Following the completion of the transaction, the director now owns 11,893 shares in the company, valued at $720,002.22. The disclosure for this sale can be found here. Insiders sold a total of 18,123 shares of company stock worth $1,021,942 over the last quarter. 5.43% of the stock is currently owned by company insiders.

Ambarella Company Profile

Ambarella, Inc offers semiconductor processing solutions for video that enable high-definition (HD), video capture, sharing and display. The Company operates through the development and sale of low-power, high-definition video products segment. Its system-on-a-chip designs incorporate HD video processing, image processing, audio processing and system functions onto a single chip.

5 Day Chart for NASDAQ:AMBA

Want to see what other hedge funds are holding AMBA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ambarella Inc (NASDAQ:AMBA).

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