Acadian Asset Management LLC Cuts Holdings in Ambarella, Inc. $AMBA

Key Points

• Acadian Asset Management LLC has reduced its stake in Ambarella, Inc. by 6.4%, now owning approximately 0.27% of the company's shares.
• Ambarella reported earnings of $0.15 per share for the last quarter, significantly beating the expected $0.05, with a 49.9% year-over-year revenue increase.
• Multiple brokerages have increased their target prices for Ambarella, with Northland Securities raising theirs from $75.00 to $95.00 and Bank of America from $63.00 to $90.00.

Acadian Asset Management LLC reduced its position in Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 6.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 113,819 shares of the semiconductor company's stock after selling 7,742 shares during the quarter. Acadian Asset Management LLC owned 0.27% of Ambarella worth $5,725,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. increased its position in shares of Ambarella by 44.1% during the first quarter. Advisors Asset Management Inc. now owns 935 shares of the semiconductor company's stock worth $47,000 after acquiring an additional 286 shares during the period. Banque Transatlantique SA purchased a new position in shares of Ambarella during the first quarter worth approximately $50,000. Larson Financial Group LLC increased its position in shares of Ambarella by 111.9% during the first quarter. Larson Financial Group LLC now owns 1,195 shares of the semiconductor company's stock worth $60,000 after acquiring an additional 631 shares during the period. Quarry LP increased its position in shares of Ambarella by 611.5% during the first quarter. Quarry LP now owns 1,793 shares of the semiconductor company's stock worth $90,000 after acquiring an additional 1,541 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ increased its position in shares of Ambarella by 452.4% during the first quarter. Skandinaviska Enskilda Banken AB publ now owns 2,497 shares of the semiconductor company's stock worth $126,000 after acquiring an additional 2,045 shares during the period. 82.09% of the stock is owned by hedge funds and other institutional investors.

Ambarella Trading Up 3.7%

Shares of NASDAQ AMBA traded up $2.96 during midday trading on Thursday, reaching $82.64. The company had a trading volume of 1,896,215 shares, compared to its average volume of 1,135,780. The business's 50-day simple moving average is $71.77 and its 200 day simple moving average is $60.16. The stock has a market cap of $3.53 billion, a P/E ratio of -39.17 and a beta of 2.09. Ambarella, Inc. has a 1 year low of $38.86 and a 1 year high of $93.44.

Ambarella (NASDAQ:AMBA - Get Free Report) last posted its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.05 by $0.10. The business had revenue of $95.51 million during the quarter, compared to analysts' expectations of $90.01 million. Ambarella had a negative net margin of 25.46% and a negative return on equity of 14.73%. The business's quarterly revenue was up 49.9% on a year-over-year basis. During the same quarter last year, the company posted ($0.13) earnings per share. Ambarella has set its Q3 2026 guidance at EPS. Analysts predict that Ambarella, Inc. will post -2.81 earnings per share for the current year.

Insiders Place Their Bets

In other Ambarella news, VP Yun-Lung Chen sold 8,492 shares of the firm's stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $84.42, for a total value of $716,894.64. Following the completion of the transaction, the vice president owned 61,651 shares of the company's stock, valued at approximately $5,204,577.42. This trade represents a 12.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Christopher B. Paisley sold 1,000 shares of the firm's stock in a transaction 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 completion of the transaction, the director directly owned 39,281 shares of the company's stock, valued at approximately $2,458,204.98. This represents a 2.48% decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AMBA. Northland Securities raised their target price on shares of Ambarella from $75.00 to $95.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. Needham & Company LLC raised their target price on shares of Ambarella from $90.00 to $100.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. Bank of America raised their target price on shares of Ambarella from $63.00 to $90.00 and gave the stock a "neutral" rating in a research report on Friday, August 29th. BNP Paribas raised shares of Ambarella to a "strong-buy" rating in a research report on Friday, August 29th. Finally, Oppenheimer reiterated a "market perform" rating on shares of Ambarella in a research note on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $93.88.

Ambarella Company Profile

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.