NorthCrest Asset Manangement LLC Invests $231,000 in Ambarella, Inc. $AMBA

Key Points

• NorthCrest Asset Management LLC has made a new investment of $231,000 in Ambarella, acquiring 3,433 shares of the semiconductor company during the 2nd quarter.
• Ambarella received positive ratings from multiple analysts, with price target increases from firms like Needham & Company and Stifel Nicolaus, highlighting a generally optimistic outlook for the stock.
• Ambarella's recent quarterly earnings surpassed expectations, reporting $0.15 EPS against a consensus estimate of $0.05, and revenue increased by 49.9% year-over-year, totaling $95.51 million.

NorthCrest Asset Manangement LLC acquired a new stake in Ambarella, Inc. (NASDAQ:AMBA - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,433 shares of the semiconductor company's stock, valued at approximately $231,000.

Other institutional investors have also modified their holdings of the company. Advisors Asset Management Inc. lifted its holdings in Ambarella by 44.1% in the first quarter. Advisors Asset Management Inc. now owns 935 shares of the semiconductor company's stock valued at $47,000 after acquiring an additional 286 shares during the period. Banque Transatlantique SA acquired a new position in Ambarella during the 1st quarter valued at approximately $50,000. Larson Financial Group LLC raised its position in shares of Ambarella by 111.9% during the 1st quarter. Larson Financial Group LLC now owns 1,195 shares of the semiconductor company's stock worth $60,000 after buying an additional 631 shares in the last quarter. Quarry LP increased its holdings in shares of Ambarella by 611.5% in the first quarter. Quarry LP now owns 1,793 shares of the semiconductor company's stock valued at $90,000 after buying an additional 1,541 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its position in Ambarella by 452.4% during the first quarter. Skandinaviska Enskilda Banken AB publ now owns 2,497 shares of the semiconductor company's stock valued at $126,000 after buying an additional 2,045 shares during the period. 82.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on AMBA shares. Bank of America lifted their target price on shares of Ambarella from $63.00 to $90.00 and gave the stock a "neutral" rating in a report on Friday, August 29th. Roth Capital reaffirmed a "neutral" rating on shares of Ambarella in a research report on Friday, August 29th. Susquehanna raised their target price on shares of Ambarella from $80.00 to $90.00 and gave the stock a "positive" rating in a research note on Tuesday, July 22nd. Stifel Nicolaus raised their target price on shares of Ambarella from $80.00 to $90.00 and gave the company a "buy" rating in a report on Friday, August 29th. Finally, Summit Insights raised shares of Ambarella from a "hold" rating to a "buy" rating in a report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $93.88.

Ambarella Price Performance

AMBA stock traded up $5.88 during trading on Monday, hitting $88.81. 1,180,136 shares of the stock traded hands, compared to its average volume of 1,239,806. Ambarella, Inc. has a 1 year low of $38.86 and a 1 year high of $93.44. The firm's 50 day moving average is $72.55 and its two-hundred day moving average is $60.68. The stock has a market cap of $3.79 billion, a price-to-earnings ratio of -42.09 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 earnings per share 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 business had revenue of $95.51 million for the quarter, compared to analysts' expectations of $90.01 million. During the same quarter last year, the company posted ($0.13) EPS. The company's revenue was up 49.9% compared to the same quarter last year. Ambarella has set its Q3 2026 guidance at EPS. As a group, analysts anticipate that Ambarella, Inc. will post -2.81 EPS for the current fiscal year.

Insider Activity

In related news, CFO John Alexander Young sold 2,566 shares of the company's stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $79.43, for a total transaction of $203,817.38. Following the completion of the sale, the chief financial officer directly owned 109,108 shares in the company, valued at $8,666,448.44. This represents a 2.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CTO Leslie Kohn sold 2,249 shares of the firm's stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $79.43, for a total value of $178,638.07. Following the sale, the chief technology officer owned 977,428 shares in the company, valued at $77,637,106.04. This trade represents a 0.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,350 shares of company stock valued at $1,800,786. Insiders own 5.70% 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.