Krane Funds Advisors LLC Takes $627,000 Position in Ambarella, Inc. $AMBA

Krane Funds Advisors LLC bought a new position in shares of Ambarella, Inc. (NASDAQ:AMBA) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 8,848 shares of the semiconductor company’s stock, valued at approximately $627,000.

Other institutional investors have also bought and sold shares of the company. GSA Capital Partners LLP grew its holdings in shares of Ambarella by 145.2% in the 4th quarter. GSA Capital Partners LLP now owns 24,800 shares of the semiconductor company’s stock worth $1,757,000 after purchasing an additional 14,685 shares during the last quarter. Legal & General Group Plc grew its position in Ambarella by 18.4% during the 4th quarter. Legal & General Group Plc now owns 614,017 shares of the semiconductor company’s stock worth $43,497,000 after acquiring an additional 95,218 shares during the last quarter. SBI Okasan Asset Management Co.Ltd. acquired a new stake in Ambarella during the 4th quarter valued at $1,345,000. Leonteq Securities AG bought a new stake in shares of Ambarella during the fourth quarter worth $1,903,000. Finally, Handelsbanken Fonder AB increased its stake in shares of Ambarella by 84.0% in the fourth quarter. Handelsbanken Fonder AB now owns 312,326 shares of the semiconductor company’s stock valued at $22,125,000 after buying an additional 142,551 shares in the last quarter. Institutional investors and hedge funds own 82.09% of the company’s stock.

Ambarella Stock Performance

Shares of AMBA opened at $63.52 on Monday. The stock has a market cap of $2.79 billion, a P/E ratio of -39.45 and a beta of 2.15. Ambarella, Inc. has a 1 year low of $48.30 and a 1 year high of $96.69. The stock’s 50-day moving average price is $67.67 and its two-hundred day moving average price is $67.66.

Ambarella (NASDAQ:AMBA) last announced its quarterly earnings results on Thursday, May 28th. The semiconductor company reported $0.11 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.11. Ambarella had a negative net margin of 17.18% and a negative return on equity of 10.94%. The business had revenue of $100.36 million for the quarter, compared to the consensus estimate of $100.12 million. During the same period last year, the company posted $0.07 EPS. Ambarella’s revenue for the quarter was up 16.9% on a year-over-year basis. As a group, equities analysts forecast that Ambarella, Inc. will post -1.27 EPS for the current year.

Insider Activity

In other Ambarella news, insider Chan W. Lee sold 6,729 shares of Ambarella stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $52.77, for a total transaction of $355,089.33. Following the transaction, the insider directly owned 156,370 shares in the company, valued at approximately $8,251,644.90. The trade was a 4.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Feng-Ming Wang sold 32,500 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $91.01, for a total value of $2,957,825.00. Following the sale, the chief executive officer directly owned 806,061 shares in the company, valued at approximately $73,359,611.61. This represents a 3.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 86,799 shares of company stock worth $5,877,902 over the last quarter. Corporate insiders own 4.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AMBA. Susquehanna boosted their target price on shares of Ambarella from $80.00 to $110.00 and gave the stock a “positive” rating in a research note on Friday, May 29th. Bank of America boosted their target price on Ambarella from $72.00 to $96.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th. Rosenblatt Securities reiterated a “buy” rating and issued a $115.00 price target on shares of Ambarella in a report on Tuesday, May 26th. Stifel Nicolaus set a $106.00 price objective on Ambarella in a research report on Friday, May 29th. Finally, Consumer Edge restated a “buy” rating on shares of Ambarella in a research report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Ambarella currently has a consensus rating of “Moderate Buy” and an average target price of $99.75.

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.