Gamco Investors INC. ET AL Has $577,000 Stake in Ambarella, Inc. $AMBA

Gamco Investors INC. ET AL lessened its stake in shares of Ambarella, Inc. (NASDAQ:AMBA) by 46.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,147 shares of the semiconductor company’s stock after selling 7,052 shares during the period. Gamco Investors INC. ET AL’s holdings in Ambarella were worth $577,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. DNB Asset Management AS bought a new position in Ambarella in the fourth quarter valued at approximately $3,341,000. Freemont Management S.A. bought a new position in shares of Ambarella in the 4th quarter valued at $2,734,000. Knuff & Co LLC acquired a new stake in shares of Ambarella during the 4th quarter valued at $214,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Ambarella during the 4th quarter worth $209,000. Finally, K.J. Harrison & Partners Inc bought a new stake in Ambarella during the 4th quarter worth $708,000. 82.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the company. Stifel Nicolaus set a $90.00 target price on Ambarella in a research report on Friday. Rosenblatt Securities reaffirmed a “buy” rating and issued a $115.00 price objective on shares of Ambarella in a research note on Monday, March 23rd. Finally, Consumer Edge reiterated a “buy” rating on shares of Ambarella in a research report on Friday. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $94.75.

Ambarella Price Performance

Shares of Ambarella stock opened at $87.55 on Friday. The firm has a market cap of $3.84 billion, a price-to-earnings ratio of -49.19 and a beta of 2.17. Ambarella, Inc. has a one year low of $48.30 and a one year high of $96.69. The stock’s 50-day moving average is $62.42 and its 200 day moving average is $68.44.

Ambarella (NASDAQ:AMBA) last announced its quarterly earnings data on Thursday, February 26th. The semiconductor company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.03. Ambarella had a negative net margin of 19.42% and a negative return on equity of 12.16%. The firm had revenue of $100.87 million for the quarter, compared to analyst estimates of $100.17 million. During the same quarter in the prior year, the business earned $0.11 earnings per share. The business’s quarterly revenue was up 20.1% compared to the same quarter last year. On average, sell-side analysts expect that Ambarella, Inc. will post -1.27 EPS for the current fiscal year.

Insider Transactions at Ambarella

In other news, CEO Feng-Ming Wang sold 8,083 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $54.14, for a total transaction of $437,613.62. Following the transaction, the chief executive officer directly owned 838,561 shares of the company’s stock, valued at $45,399,692.54. This represents a 0.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO John Alexander Young sold 1,971 shares of the stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $60.00, for a total value of $118,260.00. Following the completion of the transaction, the chief financial officer owned 117,623 shares in the company, valued at approximately $7,057,380. This represents a 1.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 103,899 shares of company stock worth $5,921,677. Insiders own 5.30% of the company’s stock.

Ambarella Profile

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.