Ambarella, Inc. $AMBA Shares Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of Ambarella, Inc. (NASDAQ:AMBA) by 290.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,428 shares of the semiconductor company’s stock after buying an additional 43,461 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Ambarella were worth $4,821,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Bayforest Capital Ltd grew its stake in shares of Ambarella by 72.2% during the 2nd quarter. Bayforest Capital Ltd now owns 9,461 shares of the semiconductor company’s stock worth $625,000 after purchasing an additional 3,966 shares during the period. Creative Planning increased its position in Ambarella by 30.8% during the second quarter. Creative Planning now owns 21,569 shares of the semiconductor company’s stock worth $1,425,000 after purchasing an additional 5,085 shares during the last quarter. Sigma Planning Corp acquired a new position in Ambarella in the second quarter valued at $373,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Ambarella in the 2nd quarter valued at about $471,000. Finally, Asset Management One Co. Ltd. raised its holdings in Ambarella by 268.8% in the second quarter. Asset Management One Co. Ltd. now owns 5,407 shares of the semiconductor company’s stock valued at $357,000 after buying an additional 3,941 shares during the period. 82.09% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Ambarella

In related news, Director Christopher B. Paisley sold 500 shares of the firm’s stock in a transaction that occurred on Friday, December 26th. The shares were sold at an average price of $72.18, for a total transaction of $36,090.00. Following the completion of the sale, the director directly owned 41,279 shares in the company, valued at approximately $2,979,518.22. This trade represents a 1.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Feng-Ming Wang sold 4,950 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $71.82, for a total value of $355,509.00. Following the sale, the chief executive officer directly owned 783,979 shares of the company’s stock, valued at approximately $56,305,371.78. This represents a 0.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 27,685 shares of company stock valued at $2,016,598 over the last three months. 5.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on AMBA shares. Stifel Nicolaus reiterated a “buy” rating and set a $100.00 price objective (up from $90.00) on shares of Ambarella in a research note on Wednesday, November 26th. Rosenblatt Securities upped their target price on Ambarella from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. Consumer Edge reiterated a “buy” rating on shares of Ambarella in a report on Friday, November 21st. Roth Mkm restated a “neutral” rating on shares of Ambarella in a report on Wednesday, November 26th. Finally, Bank of America boosted their target price on shares of Ambarella from $90.00 to $92.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $96.00.

Ambarella Trading Down 1.0%

Shares of AMBA opened at $66.35 on Wednesday. Ambarella, Inc. has a 52 week low of $38.86 and a 52 week high of $96.69. The firm has a market cap of $2.86 billion, a price-to-earnings ratio of -35.29 and a beta of 1.95. The stock has a 50 day moving average of $73.08 and a 200-day moving average of $76.30.

Ambarella (NASDAQ:AMBA) last announced its quarterly earnings results on Tuesday, November 25th. The semiconductor company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.06. The business had revenue of $108.45 million for the quarter, compared to analysts’ expectations of $104.11 million. Ambarella had a negative return on equity of 13.02% and a negative net margin of 21.31%.The business’s quarterly revenue was up 31.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.11 EPS. On average, sell-side analysts predict that Ambarella, Inc. will post -2.81 earnings per share for the current fiscal year.

About Ambarella

Ambarella, Inc is a global semiconductor company headquartered in Santa Clara, California, specializing in video compression, image processing and computer vision technologies. The company designs low-power, high-definition system-on-chip (SoC) solutions that enable the capture, processing and streaming of video in a variety of embedded applications. Ambarella’s platforms combine advanced video encoding, multi-core central processing units and hardware accelerators to deliver high-resolution imaging with low power consumption.

Ambarella’s product portfolio caters to multiple markets, including security and surveillance, automotive vision, wearable cameras, drones and robotics.