Strs Ohio Acquires Shares of 15,300 Ambarella, Inc. $AMBA

Key Points

• Strs Ohio has made a new investment in Ambarella, Inc., acquiring 15,300 shares valued at approximately $770,000.
• A number of large institutional investors, including SWS Partners and UBS Asset Management, significantly increased their stakes in Ambarella during the same period.
• Ambarella reported $0.15 earnings per share for the latest quarter, surpassing expectations, with a revenue of $95.51 million, marking a 49.9% year-over-year increase.

Strs Ohio purchased a new position in Ambarella, Inc. (NASDAQ:AMBA - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 15,300 shares of the semiconductor company's stock, valued at approximately $770,000.

A number of other hedge funds have also bought and sold shares of AMBA. Mackenzie Financial Corp increased its position in shares of Ambarella by 3.2% during the fourth quarter. Mackenzie Financial Corp now owns 6,406 shares of the semiconductor company's stock valued at $466,000 after acquiring an additional 201 shares during the last quarter. Winslow Asset Management Inc. lifted its position in shares of Ambarella by 5.8% during the 1st 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 last quarter. Advisors Asset Management Inc. lifted its position in shares of Ambarella by 44.1% during the 1st quarter. Advisors Asset Management Inc. now owns 935 shares of the semiconductor company's stock worth $47,000 after buying an additional 286 shares during the last quarter. New York State Common Retirement Fund raised its position in Ambarella by 3.9% in 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 last quarter. Finally, KBC Group NV raised its position in Ambarella by 2.4% in 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 last quarter. Institutional investors and hedge funds own 82.09% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on AMBA. Roth Capital reissued a "neutral" rating on shares of Ambarella in a research note on Friday, August 29th. Summit Insights upgraded shares of Ambarella from a "hold" rating to a "buy" rating in a report on Friday, August 29th. Oppenheimer reissued a "market perform" rating on shares of Ambarella in a research report on Friday, August 29th. Susquehanna increased their price objective on shares of Ambarella from $80.00 to $90.00 and gave the company a "positive" rating in a research report on Tuesday, July 22nd. Finally, Morgan Stanley raised their price objective on Ambarella from $80.00 to $96.00 and gave the stock an "overweight" rating in a research note on Friday, August 29th. One equities 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 stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $93.88.

Insider Buying and Selling

In other news, CEO Feng-Ming Wang sold 4,928 shares of the business's stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $79.43, for a total transaction of $391,431.04. Following the completion of the sale, the chief executive officer owned 788,929 shares of the company's stock, valued at $62,664,630.47. The trade was a 0.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Chi-Hong Ju sold 1,168 shares of the stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $79.43, for a total transaction of $92,774.24. Following the transaction, the vice president directly owned 170,087 shares of the company's stock, valued at $13,510,010.41. This trade represents a 0.68% decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,350 shares of company stock valued at $1,800,786 over the last ninety days. Corporate insiders own 5.30% of the company's stock.

Ambarella Stock Up 0.4%

Shares of AMBA traded up $0.29 during midday trading on Friday, hitting $82.93. The company's stock had a trading volume of 1,647,386 shares, compared to its average volume of 1,205,726. The stock has a market capitalization of $3.54 billion, a price-to-earnings ratio of -39.30 and a beta of 2.09. Ambarella, Inc. has a one year low of $38.86 and a one year high of $93.44. The company's fifty day simple moving average is $72.09 and its two-hundred day simple moving average is $60.38.

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

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.