Northern Trust Corp Increases Holdings in Ambarella, Inc. $AMBA

Northern Trust Corp lifted its position in shares of Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 1.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 386,686 shares of the semiconductor company's stock after purchasing an additional 3,650 shares during the period. Northern Trust Corp owned about 0.91% of Ambarella worth $19,462,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Ambarella by 3.2% during the first quarter. Vanguard Group Inc. now owns 4,848,305 shares of the semiconductor company's stock worth $244,015,000 after purchasing an additional 152,181 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Ambarella by 11.5% during the fourth quarter. Millennium Management LLC now owns 1,394,192 shares of the semiconductor company's stock worth $101,414,000 after buying an additional 144,268 shares during the last quarter. Nuveen LLC purchased a new position in shares of Ambarella during the first quarter worth about $32,169,000. Robeco Schweiz AG grew its holdings in shares of Ambarella by 52.5% during the first quarter. Robeco Schweiz AG now owns 419,120 shares of the semiconductor company's stock worth $21,094,000 after buying an additional 144,200 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its holdings in shares of Ambarella by 34.5% during the first quarter. Exchange Traded Concepts LLC now owns 381,872 shares of the semiconductor company's stock worth $19,220,000 after buying an additional 97,911 shares during the last quarter. Institutional investors and hedge funds own 82.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Morgan Stanley raised their price target on Ambarella from $80.00 to $96.00 and gave the stock an "overweight" rating in a report on Friday, August 29th. Bank of America raised their price target on Ambarella from $63.00 to $90.00 and gave the stock a "neutral" rating in a report on Friday, August 29th. Susquehanna raised their price target on Ambarella from $80.00 to $90.00 and gave the stock a "positive" rating in a report on Tuesday, July 22nd. Stifel Nicolaus raised their price target on Ambarella from $80.00 to $90.00 and gave the stock a "buy" rating in a report on Friday, August 29th. Finally, BNP Paribas raised Ambarella to a "strong-buy" rating in a report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Ambarella presently has a consensus rating of "Moderate Buy" and a consensus price target of $93.88.

Ambarella Stock Performance

AMBA traded up $1.64 during trading on Friday, reaching $82.83. The company's stock had a trading volume of 789,872 shares, compared to its average volume of 1,074,411. Ambarella, Inc. has a 52-week low of $38.86 and a 52-week high of $93.44. The company's fifty day moving average price is $69.00 and its 200-day moving average price is $59.39. The company has a market capitalization of $3.54 billion, a price-to-earnings ratio of -39.26 and a beta of 2.09.

Ambarella (NASDAQ:AMBA - Get Free Report) last announced its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.15 earnings per share for the quarter, beating analysts' consensus estimates of $0.05 by $0.10. Ambarella had a negative return on equity of 14.82% and a negative net margin of 25.46%.The company had revenue of $95.51 million for the quarter, compared to analyst estimates of $90.01 million. During the same quarter in the previous year, the company earned ($0.13) EPS. The firm's revenue for the quarter was up 49.9% compared to the same quarter last year. Ambarella has set its Q3 2026 guidance at EPS. Equities analysts predict that Ambarella, Inc. will post -2.81 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Christopher B. Paisley sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $62.58, for a total transaction of $62,580.00. Following the sale, the director owned 39,281 shares of the company's stock, valued at $2,458,204.98. The trade was a 2.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 5.30% of the company's stock.

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.