Diversified Trust Co Invests $548,000 in Ambarella, Inc. $AMBA

Diversified Trust Co bought a new stake in shares of Ambarella, Inc. (NASDAQ:AMBA) during the 1st quarter, HoldingsChannel.com reports. The firm bought 10,638 shares of the semiconductor company’s stock, valued at approximately $548,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its position in Ambarella by 2,312.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 864,610 shares of the semiconductor company’s stock worth $61,250,000 after purchasing an additional 828,773 shares in the last quarter. UBS Group AG boosted its holdings in Ambarella by 379.3% during the third quarter. UBS Group AG now owns 821,747 shares of the semiconductor company’s stock valued at $67,811,000 after purchasing an additional 650,306 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in Ambarella during the second quarter valued at approximately $36,810,000. Barclays PLC grew its stake in shares of Ambarella by 121.7% in the 3rd quarter. Barclays PLC now owns 775,113 shares of the semiconductor company’s stock valued at $63,962,000 after purchasing an additional 425,546 shares during the period. Finally, Balyasny Asset Management L.P. grew its stake in shares of Ambarella by 894.7% in the 2nd quarter. Balyasny Asset Management L.P. now owns 459,562 shares of the semiconductor company’s stock valued at $30,361,000 after purchasing an additional 413,362 shares during the period. Institutional investors own 82.09% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on AMBA. Stifel Nicolaus set a $106.00 target price on Ambarella in a research report on Friday, May 29th. Bank of America upped their price target on Ambarella from $72.00 to $96.00 and gave the company a “neutral” rating in a research report on Friday, May 29th. Northland Securities set a $101.00 price objective on Ambarella in a research note on Wednesday, June 17th. Summit Insights cut Ambarella from a “buy” rating to a “hold” rating in a report on Friday, May 29th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $115.00 target price on shares of Ambarella in a research note on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $100.50.

Insider Transactions at Ambarella

In other Ambarella news, VP Chi-Hong Ju sold 2,017 shares of the business’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $67.87, for a total value of $136,893.79. Following the completion of the transaction, the vice president directly owned 165,924 shares of the company’s stock, valued at approximately $11,261,261.88. The trade was a 1.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Feng-Ming Wang sold 6,204 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $67.87, for a total transaction of $421,065.48. Following the transaction, the chief executive officer owned 799,857 shares in the company, valued at $54,286,294.59. The trade was a 0.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 60,932 shares of company stock worth $4,873,601. Corporate insiders own 4.50% of the company’s stock.

Ambarella Stock Performance

Ambarella stock opened at $64.11 on Friday. The business’s fifty day moving average is $71.87 and its two-hundred day moving average is $66.51. The firm has a market cap of $2.81 billion, a P/E ratio of -39.82 and a beta of 2.15. Ambarella, Inc. has a 52 week low of $48.30 and a 52 week high of $96.69.

Ambarella (NASDAQ:AMBA) last announced its 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 return on equity of 10.94% and a negative net margin of 17.18%.The company had revenue of $100.36 million during the quarter, compared to analyst estimates of $100.12 million. During the same period last year, the company posted $0.07 earnings per share. The firm’s quarterly revenue was up 16.9% compared to the same quarter last year. On average, equities research analysts predict that Ambarella, Inc. will post -1.13 earnings per share for the current year.

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.