Red Spruce Capital LLC Grows Position in Ambarella, Inc. $AMBA

Key Points

• Red Spruce Capital LLC increased its stake in Ambarella, Inc. by 74.6% during the 2nd quarter, acquiring an additional 6,428 shares to total 15,049 shares worth approximately $994,000.
• A series of institutional investors, including Rhumbline Advisers and Bayforest Capital Ltd, have also recently increased their positions in Ambarella, which is primarily owned by institutional investors at 82.09%.
• Ambarella's stock now has a consensus rating of "Moderate Buy" with target prices ranging from $90.00 to $100.00, following recent positive earnings that exceeded analyst estimates.

Red Spruce Capital LLC grew its holdings in Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 74.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,049 shares of the semiconductor company's stock after acquiring an additional 6,428 shares during the period. Red Spruce Capital LLC's holdings in Ambarella were worth $994,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AMBA. Captrust Financial Advisors bought a new stake in shares of Ambarella during the 4th quarter valued at $360,000. Deutsche Bank AG increased its holdings in Ambarella by 62.8% in the 4th quarter. Deutsche Bank AG now owns 75,529 shares of the semiconductor company's stock valued at $5,494,000 after acquiring an additional 29,123 shares during the last quarter. Gotham Asset Management LLC bought a new stake in Ambarella in the 4th quarter valued at $1,056,000. Man Group plc increased its holdings in Ambarella by 23.9% in the 4th quarter. Man Group plc now owns 14,994 shares of the semiconductor company's stock valued at $1,091,000 after acquiring an additional 2,891 shares during the last quarter. Finally, ProShare Advisors LLC increased its holdings in Ambarella by 19.1% in the 4th quarter. ProShare Advisors LLC now owns 13,665 shares of the semiconductor company's stock valued at $994,000 after acquiring an additional 2,194 shares during the last quarter. 82.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AMBA has been the subject of a number of recent research reports. Summit Insights raised shares of Ambarella from a "hold" rating to a "buy" rating in a research note on Friday, August 29th. Morgan Stanley lifted their price objective on shares of Ambarella from $80.00 to $96.00 and gave the stock an "overweight" rating in a research note on Friday, August 29th. Stifel Nicolaus lifted their price objective on shares of Ambarella from $80.00 to $90.00 and gave the stock a "buy" rating in a research note on Friday, August 29th. Susquehanna lifted their price objective 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. Finally, Northland Securities lifted their price objective 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. One analyst has rated the stock with a Strong Buy rating, eight have issued 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.

Insider Activity at Ambarella

In related news, Director Christopher B. Paisley sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $62.58, for a total transaction of $62,580.00. Following the completion of the transaction, the director owned 39,281 shares in the company, valued at $2,458,204.98. The trade was a 2.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Yun-Lung Chen sold 8,492 shares of the business's stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $84.42, for a total transaction of $716,894.64. Following 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 position. The disclosure for this sale can be found here. Insiders own 5.30% of the company's stock.

Ambarella Price Performance

Shares of NASDAQ:AMBA traded up $0.89 during trading hours on Friday, hitting $83.53. The company's stock had a trading volume of 370,940 shares, compared to its average volume of 873,516. Ambarella, Inc. has a 52 week low of $38.86 and a 52 week high of $93.44. The company has a market capitalization of $3.57 billion, a price-to-earnings ratio of -39.72 and a beta of 2.09. The firm's fifty day moving average price is $71.77 and its 200 day moving average price is $60.16.

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

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.