Ambarella, Inc. $AMBA Shares Bought by SG Capital Management LLC

SG Capital Management LLC grew its holdings in Ambarella, Inc. (NASDAQ:AMBA) by 23.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 232,713 shares of the semiconductor company’s stock after buying an additional 43,492 shares during the quarter. Ambarella comprises 1.7% of SG Capital Management LLC’s investment portfolio, making the stock its 21st biggest holding. SG Capital Management LLC owned 0.55% of Ambarella worth $19,203,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of AMBA. Royal Bank of Canada raised its position in Ambarella by 2.1% in the first quarter. Royal Bank of Canada now owns 64,744 shares of the semiconductor company’s stock worth $3,258,000 after acquiring an additional 1,307 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of Ambarella by 44.1% during the 1st quarter. Advisors Asset Management Inc. now owns 935 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 286 shares during the period. AQR Capital Management LLC increased its holdings in shares of Ambarella by 126.6% in the 1st quarter. AQR Capital Management LLC now owns 84,871 shares of the semiconductor company’s stock valued at $4,272,000 after purchasing an additional 47,414 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Ambarella by 34.6% in the first quarter. Empowered Funds LLC now owns 6,838 shares of the semiconductor company’s stock valued at $344,000 after purchasing an additional 1,758 shares during the period. Finally, Intech Investment Management LLC lifted its stake in shares of Ambarella by 48.1% in the first quarter. Intech Investment Management LLC now owns 25,586 shares of the semiconductor company’s stock valued at $1,288,000 after purchasing an additional 8,306 shares during the period. 82.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO John Alexander Young sold 3,791 shares of the firm’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $72.96, for a total transaction of $276,591.36. Following the sale, the chief financial officer owned 102,738 shares in the company, valued at $7,495,764.48. This trade represents a 3.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Feng-Ming Wang sold 4,950 shares of the company’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $71.82, for a total value of $355,509.00. Following the completion of the transaction, the chief executive officer owned 783,979 shares of the company’s stock, valued at $56,305,371.78. The trade was 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 worth $2,016,598 in the last three months. 5.30% of the stock is currently owned by insiders.

Ambarella Trading Up 0.1%

Ambarella stock opened at $65.86 on Thursday. The stock has a 50-day moving average price of $68.70 and a 200 day moving average price of $75.87. Ambarella, Inc. has a 52 week low of $38.86 and a 52 week high of $96.69. The stock has a market cap of $2.84 billion, a PE ratio of -35.03 and a beta of 1.97.

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

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Summit Insights upgraded shares of Ambarella from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 25th. Bank of America boosted their price target on Ambarella from $90.00 to $92.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 26th. Roth Mkm reaffirmed a “neutral” rating on shares of Ambarella in a research note on Wednesday, November 26th. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 price objective on shares of Ambarella in a report on Wednesday, November 26th. Finally, Consumer Edge reiterated a “buy” rating on shares of Ambarella in a research report on Friday, November 21st. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.00.

Ambarella Company 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.