Baillie Gifford & Co. Sells 66,032 Shares of Ambarella, Inc. (NASDAQ:AMBA)

Baillie Gifford & Co. decreased its position in Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 11.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 518,280 shares of the semiconductor company's stock after selling 66,032 shares during the quarter. Baillie Gifford & Co. owned approximately 1.29% of Ambarella worth $31,765,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Tributary Capital Management LLC boosted its stake in Ambarella by 20.2% during the 4th quarter. Tributary Capital Management LLC now owns 225,937 shares of the semiconductor company's stock valued at $13,848,000 after purchasing an additional 38,018 shares during the period. Quantbot Technologies LP boosted its position in shares of Ambarella by 1,300.9% in the third quarter. Quantbot Technologies LP now owns 22,709 shares of the semiconductor company's stock valued at $1,204,000 after acquiring an additional 21,088 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Ambarella by 3.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 294,469 shares of the semiconductor company's stock worth $15,616,000 after acquiring an additional 10,774 shares during the last quarter. Aigen Investment Management LP bought a new position in Ambarella during the third quarter worth $614,000. Finally, Seven Eight Capital LP acquired a new position in Ambarella during the 3rd quarter valued at $2,089,000. 82.09% of the stock is currently owned by institutional investors and hedge funds.

Ambarella Price Performance

Shares of AMBA traded up $0.13 during trading hours on Thursday, hitting $47.75. The stock had a trading volume of 715,626 shares, compared to its average volume of 542,172. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of -11.26 and a beta of 1.66. The company's fifty day moving average is $52.76 and its two-hundred day moving average is $54.20. Ambarella, Inc. has a 52 week low of $43.59 and a 52 week high of $89.18.

Ambarella (NASDAQ:AMBA - Get Free Report) last issued its quarterly earnings data on Tuesday, February 27th. The semiconductor company reported ($0.95) earnings per share for the quarter, topping the consensus estimate of ($0.98) by $0.03. The firm had revenue of $51.62 million for the quarter, compared to analysts' expectations of $51.68 million. Ambarella had a negative net margin of 74.81% and a negative return on equity of 23.78%. Equities analysts predict that Ambarella, Inc. will post -3.53 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CTO Leslie Kohn sold 1,198 shares of the firm's stock in a transaction on Monday, March 18th. The stock was sold at an average price of $49.27, for a total value of $59,025.46. Following the completion of the sale, the chief technology officer now directly owns 964,664 shares in the company, valued at $47,528,995.28. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, CTO Leslie Kohn sold 1,198 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $49.27, for a total transaction of $59,025.46. Following the sale, the chief technology officer now directly owns 964,664 shares of the company's stock, valued at $47,528,995.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Chan W. Lee sold 1,075 shares of the firm's stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $49.27, for a total transaction of $52,965.25. Following the completion of the sale, the chief operating officer now directly owns 124,146 shares of the company's stock, valued at approximately $6,116,673.42. The disclosure for this sale can be found here. Insiders have sold a total of 6,648 shares of company stock worth $327,595 in the last three months. Insiders own 5.90% of the company's stock.

Analyst Ratings Changes

AMBA has been the topic of several research analyst reports. StockNews.com upgraded shares of Ambarella to a "sell" rating in a research report on Friday, February 2nd. Needham & Company LLC restated a "buy" rating and set a $90.00 price target on shares of Ambarella in a research note on Wednesday, February 28th. Susquehanna raised their price objective on Ambarella from $70.00 to $80.00 and gave the stock a "positive" rating in a research report on Wednesday, February 28th. Morgan Stanley lifted their price objective on Ambarella from $67.00 to $73.00 and gave the stock an "overweight" rating in a report on Wednesday, February 28th. Finally, Wells Fargo & Company lowered Ambarella from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $85.00 to $65.00 in a research note on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Ambarella presently has an average rating of "Moderate Buy" and a consensus price target of $71.75.

Ambarella Profile

Ambarella, Inc develops semiconductor solutions that enable high-definition (HD) and ultra HD compression, image processing, and deep neural network 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.