72,945 Shares in Ambarella, Inc. $AMBA Purchased by Readystate Asset Management LP

Readystate Asset Management LP purchased a new position in Ambarella, Inc. (NASDAQ:AMBA) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 72,945 shares of the semiconductor company’s stock, valued at approximately $6,019,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Stephens Inc. AR grew its stake in shares of Ambarella by 3.7% in the 3rd quarter. Stephens Inc. AR now owns 3,804 shares of the semiconductor company’s stock worth $314,000 after purchasing an additional 137 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in Ambarella by 3.2% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 4,537 shares of the semiconductor company’s stock worth $374,000 after buying an additional 142 shares in the last quarter. Arizona State Retirement System grew its position in Ambarella by 1.3% in the third quarter. Arizona State Retirement System now owns 11,899 shares of the semiconductor company’s stock worth $982,000 after buying an additional 157 shares during the last quarter. Ameritas Investment Partners Inc. grew its position in Ambarella by 4.9% in the second quarter. Ameritas Investment Partners Inc. now owns 4,160 shares of the semiconductor company’s stock worth $275,000 after buying an additional 196 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in shares of Ambarella by 21.3% in the second quarter. Advisors Asset Management Inc. now owns 1,134 shares of the semiconductor company’s stock valued at $75,000 after buying an additional 199 shares in the last quarter. 82.09% of the stock is owned by institutional investors and hedge funds.

Ambarella Price Performance

NASDAQ:AMBA opened at $65.79 on Wednesday. The stock has a market cap of $2.83 billion, a PE ratio of -34.99 and a beta of 1.97. Ambarella, Inc. has a fifty-two week low of $38.86 and a fifty-two week high of $96.69. The stock’s 50-day moving average is $68.97 and its two-hundred day moving average is $75.94.

Ambarella (NASDAQ:AMBA) last posted its quarterly earnings results on Tuesday, November 25th. The semiconductor company reported $0.27 EPS for the quarter, topping the consensus estimate 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 business had revenue of $108.45 million during the quarter, compared to analysts’ expectations of $104.11 million. During the same period last year, the company posted $0.11 earnings per share. The firm’s quarterly revenue was up 31.2% compared to the same quarter last year. On average, equities research analysts anticipate that Ambarella, Inc. will post -2.81 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on AMBA shares. Stifel Nicolaus restated a “buy” rating and issued a $100.00 target price (up from $90.00) on shares of Ambarella in a report on Wednesday, November 26th. Consumer Edge reiterated a “buy” rating on shares of Ambarella in a research report on Friday, November 21st. Weiss Ratings restated a “sell (d-)” rating on shares of Ambarella in a report on Wednesday, January 21st. Rosenblatt Securities raised their target price on shares of Ambarella from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. Finally, Summit Insights raised shares of Ambarella from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 25th. Two 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $96.00.

Insider Buying and Selling at Ambarella

In related news, Director Elizabeth M. Schwarting sold 624 shares of Ambarella stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $72.38, for a total transaction of $45,165.12. Following the completion of the sale, the director owned 6,690 shares of the company’s stock, valued at approximately $484,222.20. This trade represents a 8.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO John Alexander Young sold 3,791 shares of the business’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $72.96, for a total value of $276,591.36. Following the completion of the transaction, 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 position. The SEC filing for this sale provides additional information. Insiders sold a total of 27,685 shares of company stock worth $2,016,598 over the last 90 days. 5.70% of the stock is currently owned by insiders.

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.