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

SG Capital Management LLC grew its stake in shares of Ambarella, Inc. (NASDAQ:AMBA) by 23.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 232,713 shares of the semiconductor company’s stock after buying an additional 43,492 shares during the period. Ambarella accounts for approximately 1.7% of SG Capital Management LLC’s holdings, making the stock its 21st biggest holding. SG Capital Management LLC’s holdings in Ambarella were worth $19,203,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Squarepoint Ops LLC acquired a new position in Ambarella in the second quarter valued at $36,810,000. Balyasny Asset Management L.P. lifted 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 in the last quarter. Tributary Capital Management LLC grew its holdings in shares of Ambarella by 88.5% during the 3rd quarter. Tributary Capital Management LLC now owns 423,790 shares of the semiconductor company’s stock worth $34,971,000 after purchasing an additional 198,934 shares during the period. State Street Corp increased its position in Ambarella by 8.9% during the 2nd quarter. State Street Corp now owns 1,855,170 shares of the semiconductor company’s stock worth $122,562,000 after purchasing an additional 151,694 shares in the last quarter. Finally, LMR Partners LLP purchased a new position in Ambarella in the second quarter valued at approximately $9,910,000. 82.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AMBA has been the subject of several research reports. Consumer Edge reiterated a “buy” rating on shares of Ambarella in a research note on Friday, November 21st. Bank of America lifted their target price on shares of Ambarella from $90.00 to $92.00 and gave the company a “neutral” rating in a report on Wednesday, November 26th. Roth Mkm reiterated a “neutral” rating on shares of Ambarella in a report on Wednesday, November 26th. Rosenblatt Securities raised their price objective on Ambarella from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $80.00 target price on shares of Ambarella in a research report on Wednesday, November 26th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Ambarella currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.00.

Insider Activity at Ambarella

In related news, Director Christopher B. Paisley sold 500 shares of Ambarella stock in a transaction on Friday, December 26th. The shares were sold at an average price of $72.18, for a total value of $36,090.00. Following the completion of the sale, the director owned 41,279 shares in the company, valued at approximately $2,979,518.22. The trade was a 1.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Chan W. Lee sold 2,406 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 transaction 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 27,685 shares of company stock worth $2,016,598 over the last ninety days. Company insiders own 5.30% of the company’s stock.

Ambarella Price Performance

NASDAQ:AMBA opened at $65.86 on Thursday. The firm has a 50-day moving average of $68.70 and a two-hundred day moving average of $75.87. The stock has a market cap of $2.84 billion, a P/E ratio of -35.03 and a beta of 1.97. Ambarella, Inc. has a 1-year low of $38.86 and a 1-year high of $96.69.

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

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.