Ambarella, Inc. $AMBA Shares Sold by Exchange Traded Concepts LLC

Key Points

• Exchange Traded Concepts LLC reduced its stake in Ambarella, Inc. by 2.9%, selling 11,131 shares, bringing their total ownership to 370,741 shares valued at approximately $24.5 million.
• Several institutional investors have increased their investments in Ambarella, with Woodline Partners LP making the largest increase of 2,367.1% during the 4th quarter.
• Ambarella's latest quarterly earnings report showed a revenue increase of 49.9% year-over-year, with earnings per share exceeding analyst expectations.

Exchange Traded Concepts LLC cut its holdings in shares of Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 2.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 370,741 shares of the semiconductor company's stock after selling 11,131 shares during the period. Exchange Traded Concepts LLC owned approximately 0.87% of Ambarella worth $24,493,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Mackenzie Financial Corp boosted its position in Ambarella by 3.2% in the fourth quarter. Mackenzie Financial Corp now owns 6,406 shares of the semiconductor company's stock worth $466,000 after purchasing an additional 201 shares during the last quarter. Winslow Asset Management Inc. raised its stake in shares of Ambarella by 5.8% in the first quarter. Winslow Asset Management Inc. now owns 4,650 shares of the semiconductor company's stock worth $234,000 after buying an additional 255 shares during the period. Advisors Asset Management Inc. raised its stake in Ambarella by 44.1% during the 1st quarter. Advisors Asset Management Inc. now owns 935 shares of the semiconductor company's stock valued at $47,000 after purchasing an additional 286 shares during the period. New York State Common Retirement Fund raised its stake in Ambarella by 3.9% during the 1st quarter. New York State Common Retirement Fund now owns 12,803 shares of the semiconductor company's stock valued at $644,000 after purchasing an additional 478 shares during the period. Finally, KBC Group NV raised its stake in Ambarella by 2.4% during the 1st quarter. KBC Group NV now owns 22,366 shares of the semiconductor company's stock valued at $1,126,000 after purchasing an additional 531 shares during the period. 82.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Bank of America raised their price target on Ambarella from $63.00 to $90.00 and gave the company a "neutral" rating in a report on Friday, August 29th. BNP Paribas upgraded Ambarella to a "strong-buy" rating in a report on Friday, August 29th. Northland Securities lifted their target price on Ambarella from $75.00 to $95.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. Stifel Nicolaus lifted their target price on Ambarella from $80.00 to $90.00 and gave the stock a "buy" rating in a report on Friday, August 29th. Finally, Susquehanna lifted their target price on Ambarella from $80.00 to $90.00 and gave the stock a "positive" rating in a report on Tuesday, July 22nd. 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. Based on data from MarketBeat.com, Ambarella presently has an average rating of "Moderate Buy" and an average target price of $93.88.

Ambarella Price Performance

NASDAQ AMBA traded up $5.07 during trading hours on Monday, reaching $88.00. The company's stock had a trading volume of 478,010 shares, compared to its average volume of 878,735. The firm has a market capitalization of $3.76 billion, a price-to-earnings ratio of -41.73 and a beta of 2.08. Ambarella, Inc. has a 1-year low of $38.86 and a 1-year high of $93.44. The company's 50-day moving average is $72.09 and its two-hundred day moving average is $60.43.

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

Insider Buying and Selling at Ambarella

In related news, CFO John Alexander Young sold 2,566 shares of the stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $79.43, for a total value of $203,817.38. Following the completion of the transaction, the chief financial officer directly owned 109,108 shares in the company, valued at approximately $8,666,448.44. This represents a 2.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Yun-Lung Chen sold 8,492 shares of the stock in a transaction that occurred on Wednesday, September 10th. The stock was 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 $5,204,577.42. The trade was a 12.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,350 shares of company stock valued at $1,800,786. 5.70% of the stock is owned by insiders.

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.