Sender Co & Partners Inc. Raises Stock Holdings in Ambarella, Inc. $AMBA

Key Points

• Sender Co & Partners Inc. increased its stake in Ambarella, Inc. by 145.3%, owning 31,276 shares worth approximately $1.57 million after the first quarter of 2023.
• Multiple institutional investors have also augmented their holdings in Ambarella, resulting in approximately 82.09% of the stock being owned by hedge funds and institutional investors.
• Ambarella recently reported earnings of $0.15 per share, exceeding expectations, with revenue of $95.51 million for the quarter, marking a 49.9% year-over-year increase.

Sender Co & Partners Inc. boosted its holdings in shares of Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 145.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,276 shares of the semiconductor company's stock after acquiring an additional 18,524 shares during the period. Sender Co & Partners Inc. owned 0.07% of Ambarella worth $1,574,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Rhumbline Advisers raised its stake in Ambarella by 4.0% during the first quarter. Rhumbline Advisers now owns 58,571 shares of the semiconductor company's stock valued at $2,948,000 after buying an additional 2,249 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of Ambarella by 238.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 13,474 shares of the semiconductor company's stock worth $678,000 after purchasing an additional 9,491 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Ambarella by 6,804.3% in the 1st quarter. GAMMA Investing LLC now owns 16,156 shares of the semiconductor company's stock worth $813,000 after purchasing an additional 15,922 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Ambarella by 61.8% in the 1st quarter. Principal Financial Group Inc. now owns 25,794 shares of the semiconductor company's stock worth $1,298,000 after purchasing an additional 9,857 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of Ambarella by 232.6% in the 1st quarter. Russell Investments Group Ltd. now owns 75,169 shares of the semiconductor company's stock worth $3,783,000 after purchasing an additional 52,570 shares during the last quarter. 82.09% of the stock is owned by hedge funds and other institutional investors.

Ambarella Price Performance

Ambarella stock traded up $0.65 during mid-day trading on Tuesday, reaching $84.64. 460,575 shares of the stock traded hands, compared to its average volume of 1,100,468. The stock has a market capitalization of $3.61 billion, a PE ratio of -40.11 and a beta of 2.09. Ambarella, Inc. has a 12-month low of $38.86 and a 12-month high of $93.44. The business's 50-day moving average is $69.76 and its 200-day moving average is $59.45.

Ambarella (NASDAQ:AMBA - Get Free Report) last released its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.15 EPS for the quarter, beating 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 firm earned ($0.13) EPS. The business'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. Equities analysts anticipate that Ambarella, Inc. will post -2.81 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AMBA has been the subject of several recent analyst reports. 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. Northland Securities boosted their price objective on shares of Ambarella from $75.00 to $95.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. Summit Insights upgraded Ambarella from a "hold" rating to a "buy" rating in a research note on Friday, August 29th. BNP Paribas upgraded Ambarella to a "strong-buy" rating in a research note on Friday, August 29th. Finally, Roth Capital restated a "neutral" rating on shares of Ambarella in a research note on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $93.88.

Insider Buying and Selling

In other Ambarella news, Director Christopher B. Paisley sold 1,000 shares of the company'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 sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate 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.