Dynamic Technology Lab Private Ltd Purchases 22,144 Shares of Ambarella, Inc. (NASDAQ:AMBA)

Dynamic Technology Lab Private Ltd increased its position in Ambarella, Inc. (NASDAQ:AMBA) by 592.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 25,883 shares of the semiconductor company’s stock after acquiring an additional 22,144 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Ambarella were worth $1,460,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new position in shares of Ambarella during the 2nd quarter worth $26,000. Blue Trust Inc. boosted its holdings in Ambarella by 180.3% in the third quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 321 shares in the last quarter. CWM LLC increased its position in Ambarella by 127.7% during the second quarter. CWM LLC now owns 542 shares of the semiconductor company’s stock worth $29,000 after buying an additional 304 shares during the last quarter. Signaturefd LLC raised its holdings in Ambarella by 389.6% during the third quarter. Signaturefd LLC now owns 661 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 526 shares in the last quarter. Finally, Larson Financial Group LLC lifted its position in shares of Ambarella by 6,014.3% in the third quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company’s stock worth $48,000 after buying an additional 842 shares during the last quarter. Institutional investors own 82.09% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Roth Mkm reissued a “neutral” rating and set a $60.00 price objective on shares of Ambarella in a report on Wednesday, August 28th. Stifel Nicolaus increased their price target on Ambarella from $75.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. Needham & Company LLC reissued a “buy” rating and issued a $90.00 price target on shares of Ambarella in a research report on Wednesday, August 28th. Bank of America upped their price objective on shares of Ambarella from $50.00 to $57.00 and gave the stock an “underperform” rating in a report on Wednesday, August 28th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 target price on shares of Ambarella in a report on Friday, August 23rd. 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 stock. Based on data from MarketBeat, Ambarella currently has a consensus rating of “Hold” and a consensus 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 transaction, 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 position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Yun-Lung Chen sold 5,963 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $57.56, for a total value of $343,230.28. Following the completion of the sale, the vice president now directly owns 62,026 shares in the company, valued at approximately $3,570,216.56. This represents a 8.77 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 24,423 shares of company stock valued at $1,356,402. Company insiders own 5.70% of the company’s stock.

Ambarella Trading Up 5.8 %

Shares of NASDAQ:AMBA opened at $67.29 on Tuesday. The firm has a market capitalization of $2.78 billion, a PE ratio of -15.04 and a beta of 1.63. Ambarella, Inc. has a 1-year low of $39.69 and a 1-year high of $68.06. The business’s 50 day moving average is $57.67 and its 200-day moving average is $54.58.

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

About Ambarella

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.