Freemont Management S.A. Purchases 97,211 Shares of Ambarella, Inc. $AMBA

Freemont Management S.A. increased its position in shares of Ambarella, Inc. (NASDAQ:AMBA) by 251.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 135,800 shares of the semiconductor company’s stock after purchasing an additional 97,211 shares during the period. Freemont Management S.A.’s holdings in Ambarella were worth $6,990,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in AMBA. EverSource Wealth Advisors LLC grew its holdings in Ambarella by 362.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 416 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 326 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of Ambarella during the third quarter worth $33,000. Steward Partners Investment Advisory LLC boosted its position in shares of Ambarella by 162.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 525 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 325 shares during the period. Advisors Asset Management Inc. boosted its position in shares of Ambarella by 44.1% in the first quarter. Advisors Asset Management Inc. now owns 935 shares of the semiconductor company’s stock valued at $47,000 after acquiring an additional 286 shares during the period. Finally, Flagship Harbor Advisors LLC acquired a new position in shares of Ambarella in the fourth quarter valued at about $48,000. 82.09% of the stock is currently owned by institutional investors.

Ambarella Stock Down 2.3%

AMBA stock opened at $61.84 on Friday. The company has a market cap of $2.71 billion, a PE ratio of -38.41 and a beta of 2.11. The business has a 50-day simple moving average of $74.58 and a 200 day simple moving average of $66.56. Ambarella, Inc. has a 52 week low of $48.30 and a 52 week high of $96.69.

Ambarella (NASDAQ:AMBA) last announced its quarterly earnings data on Thursday, May 28th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, hitting 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 firm had revenue of $100.36 million for the quarter, compared to the consensus estimate of $100.12 million. During the same period in the prior year, the company posted $0.07 earnings per share. The business’s revenue for the quarter was up 16.9% on a year-over-year basis. On average, analysts anticipate that Ambarella, Inc. will post -1.13 EPS for the current fiscal year.

Insider Activity at Ambarella

In related news, VP Chi-Hong Ju sold 10,000 shares of the stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $88.84, for a total transaction of $888,400.00. Following the sale, the vice president owned 155,924 shares in the company, valued at approximately $13,852,288.16. This trade represents a 6.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Yun-Lung Chen sold 5,958 shares of Ambarella stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $78.66, for a total transaction of $468,656.28. Following the completion of the transaction, the vice president directly owned 60,557 shares in the company, valued at $4,763,413.62. This trade represents a 8.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 93,390 shares of company stock worth $7,709,960 in the last 90 days. Corporate insiders own 4.50% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on AMBA shares. Consumer Edge reaffirmed a “buy” rating on shares of Ambarella in a research report on Friday, May 22nd. Northland Securities set a $101.00 target price on shares of Ambarella in a research report on Wednesday, June 17th. Summit Insights cut shares of Ambarella from a “buy” rating to a “hold” rating in a report on Friday, May 29th. Weiss Ratings raised shares of Ambarella from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, July 10th. Finally, Bank of America lifted their price target on shares of Ambarella from $72.00 to $96.00 and gave the company a “neutral” rating in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $101.12.

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.