Ambarella, Inc. $AMBA Shares Bought by Woodline Partners LP

Key Points

• Woodline Partners LP significantly increased its holdings in Ambarella, Inc. by 67.6%, now owning approximately 441,385 shares valued at $22.2 million.
• Multiple hedge funds, including Advisors Asset Management Inc. and Quarry LP, have also raised their stakes in Ambarella, indicating strong institutional interest with 82.09% of the stock currently owned by institutional investors.
• Ambarella reported better-than-expected earnings for the last quarter, with a 49.9% revenue increase year-over-year, leading to analysts upgrading their ratings and price targets for the stock.

Woodline Partners LP boosted its stake in shares of Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 67.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 441,385 shares of the semiconductor company's stock after purchasing an additional 178,052 shares during the period. Woodline Partners LP owned about 1.04% of Ambarella worth $22,215,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Rhumbline Advisers lifted its position 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 purchasing an additional 2,249 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in Ambarella by 238.3% during the first quarter. Janney Montgomery Scott LLC now owns 13,474 shares of the semiconductor company's stock valued at $678,000 after purchasing an additional 9,491 shares in the last quarter. GAMMA Investing LLC lifted its position in Ambarella by 6,804.3% during the first quarter. GAMMA Investing LLC now owns 16,156 shares of the semiconductor company's stock valued at $813,000 after purchasing an additional 15,922 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Ambarella during the first quarter valued at $941,000. Finally, Principal Financial Group Inc. lifted its position in Ambarella by 61.8% during the first quarter. Principal Financial Group Inc. now owns 25,794 shares of the semiconductor company's stock valued at $1,298,000 after purchasing an additional 9,857 shares in the last quarter. 82.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Ambarella

In related news, VP Yun-Lung Chen sold 8,492 shares of the stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $84.42, for a total value of $716,894.64. Following the transaction, the vice president owned 61,651 shares of the company's stock, valued at $5,204,577.42. This represents a 12.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value 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 trade represents a 2.48% decrease in their position. The disclosure for this sale can be found here. 5.70% of the stock is owned by corporate insiders.

Ambarella Price Performance

Shares of AMBA traded down $2.22 during mid-day trading on Tuesday, reaching $78.55. 212,837 shares of the company's stock traded hands, compared to its average volume of 867,505. The stock has a market cap of $3.35 billion, a P/E ratio of -37.19 and a beta of 2.08. The stock's 50-day moving average is $70.99 and its two-hundred day moving average is $59.71. Ambarella, Inc. has a 12 month low of $38.86 and a 12 month high of $93.44.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Needham & Company LLC lifted their target price on Ambarella from $90.00 to $100.00 and gave the company a "buy" rating in a research report on Friday, August 29th. Morgan Stanley boosted their price objective on Ambarella from $80.00 to $96.00 and gave the company an "overweight" rating in a research report on Friday, August 29th. Bank of America boosted their price objective on Ambarella from $63.00 to $90.00 and gave the company a "neutral" rating in a research report on Friday, August 29th. Northland Securities boosted their price objective on Ambarella from $75.00 to $95.00 and gave the company an "outperform" rating in a research report on Friday, August 29th. Finally, Stifel Nicolaus boosted their price objective on Ambarella from $80.00 to $90.00 and gave the company a "buy" rating in a research report on Friday, August 29th. One research 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. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $93.88.

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.