Edgestream Partners L.P. Makes New Investment in Ambarella, Inc. (NASDAQ:AMBA)

Edgestream Partners L.P. bought a new position in shares of Ambarella, Inc. (NASDAQ:AMBA) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 16,777 shares of the semiconductor company’s stock, valued at approximately $1,404,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMBA. Van ECK Associates Corp acquired a new stake in Ambarella during the 2nd quarter worth $25,000. Daiwa Securities Group Inc. boosted its stake in Ambarella by 24.4% during the 1st quarter. Daiwa Securities Group Inc. now owns 939 shares of the semiconductor company’s stock worth $73,000 after purchasing an additional 184 shares during the last quarter. OFI Invest Asset Management acquired a new stake in Ambarella during the 2nd quarter worth $84,000. Psagot Value Holdings Ltd. Israel acquired a new stake in Ambarella during the 1st quarter worth $85,000. Finally, Stephens Inc. AR boosted its stake in Ambarella by 73.0% during the 1st quarter. Stephens Inc. AR now owns 1,095 shares of the semiconductor company’s stock worth $85,000 after purchasing an additional 462 shares during the last quarter. Institutional investors and hedge funds own 79.74% of the company’s stock.

Ambarella Price Performance

Shares of NASDAQ:AMBA opened at $55.72 on Tuesday. The firm has a market capitalization of $2.22 billion, a PE ratio of -22.29 and a beta of 1.60. The firm’s 50-day moving average is $51.83 and its two-hundred day moving average is $67.22. Ambarella, Inc. has a 1 year low of $43.59 and a 1 year high of $99.86.

Ambarella (NASDAQ:AMBA) last issued its quarterly earnings results on Tuesday, August 29th. The semiconductor company reported ($0.15) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.06. The company had revenue of $62.10 million for the quarter, compared to analyst estimates of $62.02 million. Ambarella had a negative net margin of 33.72% and a negative return on equity of 14.39%. The business’s revenue for the quarter was down 23.2% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.51) earnings per share. Analysts expect that Ambarella, Inc. will post -3.6 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Brian C. White sold 3,274 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $57.30, for a total transaction of $187,600.20. Following the sale, the chief financial officer now directly owns 77,497 shares in the company, valued at $4,440,578.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, COO Chan W. Lee sold 1,484 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $57.30, for a total transaction of $85,033.20. Following the sale, the chief operating officer now directly owns 102,856 shares in the company, valued at $5,893,648.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Brian C. White sold 3,274 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $57.30, for a total transaction of $187,600.20. Following the sale, the chief financial officer now owns 77,497 shares in the company, valued at $4,440,578.10. The disclosure for this sale can be found here. Insiders have sold 10,576 shares of company stock worth $606,992 over the last three months. Company insiders own 5.90% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Morgan Stanley lowered their price target on shares of Ambarella from $81.00 to $65.00 and set an “overweight” rating on the stock in a research report on Monday, October 30th. Susquehanna lowered their price target on shares of Ambarella from $80.00 to $60.00 and set a “positive” rating on the stock in a research report on Tuesday, October 24th. Roth Mkm lowered their price target on shares of Ambarella from $75.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 30th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Ambarella from $75.00 to $65.00 and set a “hold” rating on the stock in a research report on Wednesday, August 30th. Finally, Rosenblatt Securities lowered their price target on shares of Ambarella from $95.00 to $85.00 and set a “buy” rating on the stock in a research report on Wednesday, August 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, Ambarella presently has an average rating of “Moderate Buy” and an average price target of $81.70.

Ambarella Company Profile

Ambarella, Inc develops semiconductor solutions that enable high-definition (HD) and ultra HD compression, image processing, and deep neural network processing worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, artificial intelligence computer vision algorithms, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.