Ambarella, Inc. $AMBA Shares Purchased 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 increased its holdings in Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 67.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 441,385 shares of the semiconductor company's stock after purchasing an additional 178,052 shares during the quarter. Woodline Partners LP owned 1.04% of Ambarella worth $22,215,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Rhumbline Advisers lifted its stake in shares of Ambarella by 4.0% in the 1st quarter. Rhumbline Advisers now owns 58,571 shares of the semiconductor company's stock valued at $2,948,000 after acquiring an additional 2,249 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in 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 period. GAMMA Investing LLC lifted its position in Ambarella by 6,804.3% in 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 during the last quarter. Principal Financial Group Inc. raised its holdings in Ambarella by 61.8% during the 1st quarter. Principal Financial Group Inc. now owns 25,794 shares of the semiconductor company's stock valued at $1,298,000 after buying an additional 9,857 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in Ambarella by 232.6% during the 1st quarter. Russell Investments Group Ltd. now owns 75,169 shares of the semiconductor company's stock valued at $3,783,000 after buying an additional 52,570 shares during the period. 82.09% of the stock is owned by institutional investors.

Ambarella Price Performance

Ambarella stock traded down $2.77 during mid-day trading on Friday, reaching $80.37. The stock had a trading volume of 478,508 shares, compared to its average volume of 1,088,009. The company has a 50-day moving average price of $70.69 and a two-hundred day moving average price of $59.60. Ambarella, Inc. has a one year low of $38.86 and a one year high of $93.44. The company has a market capitalization of $3.43 billion, a price-to-earnings ratio of -38.09 and a beta of 2.09.

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on AMBA shares. Susquehanna boosted 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. Oppenheimer reaffirmed a "market perform" rating on shares of Ambarella in a research report on Friday, August 29th. Morgan Stanley boosted their target price on Ambarella from $80.00 to $96.00 and gave the company an "overweight" rating in a research note on Friday, August 29th. Stifel Nicolaus upped their target price on Ambarella from $80.00 to $90.00 and gave the company a "buy" rating in a report on Friday, August 29th. Finally, Roth Capital reaffirmed 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 assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $93.88.

Insider Activity at Ambarella

In related news, 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 value of $716,894.64. Following the transaction, the vice president directly owned 61,651 shares of the company's stock, valued at approximately $5,204,577.42. The trade was a 12.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christopher B. Paisley sold 1,000 shares of the business's stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $62.58, for a total transaction of $62,580.00. Following the completion of the sale, the director owned 39,281 shares in the company, valued at approximately $2,458,204.98. The trade was a 2.48% decrease in their position. The disclosure for this sale can be found here. 5.30% of the stock is currently owned by company insiders.

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.