GSA Capital Partners LLP Lowers Holdings in Ambarella, Inc. $AMBA

GSA Capital Partners LLP lowered its stake in shares of Ambarella, Inc. (NASDAQ:AMBA) by 52.1% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 10,115 shares of the semiconductor company’s stock after selling 10,985 shares during the period. GSA Capital Partners LLP’s holdings in Ambarella were worth $835,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Rothschild Investment LLC grew its holdings in Ambarella by 78.1% during the third quarter. Rothschild Investment LLC now owns 641 shares of the semiconductor company’s stock worth $53,000 after acquiring an additional 281 shares during the period. State of New Jersey Common Pension Fund D boosted its position in Ambarella by 8.0% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 32,218 shares of the semiconductor company’s stock worth $2,659,000 after purchasing an additional 2,388 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new position in shares of Ambarella during the 3rd quarter valued at approximately $157,000. Caprock Group LLC purchased a new position in shares of Ambarella during the 3rd quarter valued at approximately $287,000. Finally, Essex Investment Management Co. LLC lifted its stake in shares of Ambarella by 1.0% in the 3rd quarter. Essex Investment Management Co. LLC now owns 85,352 shares of the semiconductor company’s stock valued at $7,043,000 after purchasing an additional 873 shares during the period. Hedge funds and other institutional investors own 82.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on AMBA shares. Rosenblatt Securities lifted their price objective on shares of Ambarella from $100.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, November 26th. Summit Insights upgraded Ambarella from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 25th. Stifel Nicolaus restated a “buy” rating and issued a $100.00 price objective (up from $90.00) on shares of Ambarella in a research report on Wednesday, November 26th. Consumer Edge reaffirmed a “buy” rating on shares of Ambarella in a research note on Friday, November 21st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $100.00 target price on shares of Ambarella in a research report on Wednesday, November 26th. 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 stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $96.00.

Ambarella Stock Up 2.7%

Shares of AMBA opened at $68.01 on Friday. 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 $2.93 billion, a PE ratio of -36.18 and a beta of 1.97. The firm’s fifty day moving average is $68.30 and its two-hundred day moving average is $75.83.

Ambarella (NASDAQ:AMBA) last posted 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. Ambarella had a negative net margin of 21.31% and a negative return on equity of 13.02%. The firm had revenue of $108.45 million for the quarter, compared to analyst estimates of $104.11 million. During the same period in the previous year, the business posted $0.11 earnings per share. Ambarella’s quarterly revenue was up 31.2% on a year-over-year basis. As a group, research analysts anticipate that Ambarella, Inc. will post -2.81 earnings per share for the current year.

Insider Activity at Ambarella

In other Ambarella news, insider Chan W. Lee sold 2,406 shares of the company’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 $172,798.92. Following the completion of the sale, the insider directly owned 124,566 shares in the company, valued at $8,946,330.12. This represents a 1.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $276,591.36. Following the completion of the sale, the chief financial officer directly owned 102,738 shares of the company’s stock, valued at $7,495,764.48. This trade represents a 3.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 27,685 shares of company stock valued at $2,016,598 in the last three months. Company insiders own 5.30% of the company’s stock.

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.