Ambarella, Inc. $AMBA Shares Sold by Magnetar Financial LLC

Key Points

• Magnetar Financial LLC reduced its stake in Ambarella, Inc. by 60%, selling 6,012 shares and holding 4,013 shares valued at $202,000 as of the latest SEC filing.
• Multiple institutional investors have increased their positions in Ambarella, with Skandinaviska Enskilda Banken AB growing its stake by 452.4% in the 1st quarter.
• Analysts have raised their price targets for Ambarella, with Stifel Nicolaus setting a new target of $90.00 and maintaining a "buy" rating, contributing to an average price target of $93.88 across analysts.

Magnetar Financial LLC reduced its position in Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 60.0% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 4,013 shares of the semiconductor company's stock after selling 6,012 shares during the quarter. Magnetar Financial LLC's holdings in Ambarella were worth $202,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in AMBA. Tower Research Capital LLC TRC lifted its position in Ambarella by 300.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,124 shares of the semiconductor company's stock valued at $82,000 after purchasing an additional 843 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Ambarella by 15.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 25,381 shares of the semiconductor company's stock valued at $1,847,000 after buying an additional 3,406 shares during the period. Northern Trust Corp lifted its holdings in shares of Ambarella by 14.2% in the 4th quarter. Northern Trust Corp now owns 383,036 shares of the semiconductor company's stock valued at $27,862,000 after buying an additional 47,751 shares during the period. Captrust Financial Advisors acquired a new stake in shares of Ambarella in the 4th quarter valued at approximately $360,000. Finally, Corton Capital Inc. acquired a new stake in shares of Ambarella in the 4th quarter valued at approximately $506,000. Institutional investors and hedge funds own 82.09% of the company's stock.

Ambarella Stock Performance

NASDAQ AMBA traded up $0.92 during mid-day trading on Monday, reaching $83.76. 133,414 shares of the stock were exchanged, compared to its average volume of 878,197. Ambarella, Inc. has a 1-year low of $38.86 and a 1-year high of $93.44. The business's fifty day simple moving average is $69.00 and its 200 day simple moving average is $59.23. The stock has a market capitalization of $3.58 billion, a PE ratio of -39.54 and a beta of 2.08.

Ambarella (NASDAQ:AMBA - Get Free Report) last issued its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.05 by $0.10. Ambarella had a negative net margin of 25.46% and a negative return on equity of 14.73%. The firm had revenue of $95.51 million during the quarter, compared to analyst estimates of $90.01 million. During the same quarter in the prior year, the business posted ($0.13) earnings per share. Ambarella'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. On average, analysts anticipate that Ambarella, Inc. will post -2.81 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Northland Securities upped their price target on shares of Ambarella from $75.00 to $95.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. Rosenblatt Securities upped their price target on shares of Ambarella from $95.00 to $100.00 and gave the stock a "buy" rating in a research note on Friday, August 29th. Roth Capital restated a "neutral" rating on shares of Ambarella in a report on Friday, August 29th. Needham & Company LLC upped their price target on Ambarella from $90.00 to $100.00 and gave the stock a "buy" rating in a report on Friday, August 29th. Finally, Summit Insights upgraded Ambarella from a "hold" rating to a "buy" rating in a report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $93.88.

Insider Activity at Ambarella

In other news, Director Christopher B. Paisley sold 1,000 shares of the 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 completion of the transaction, the director directly owned 39,281 shares in the company, valued at approximately $2,458,204.98. This represents a 2.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 5.70% of the company's stock.

Ambarella 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.