Universal Beteiligungs und Servicegesellschaft mbH Sells 11,300 Shares of Ambarella, Inc. $AMBA

Universal Beteiligungs und Servicegesellschaft mbH lowered its position in shares of Ambarella, Inc. (NASDAQ:AMBA) by 19.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 47,128 shares of the semiconductor company’s stock after selling 11,300 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.11% of Ambarella worth $3,339,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMBA. Stephens Inc. AR grew its position 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 valued at $314,000 after buying an additional 137 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of Ambarella by 3.2% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 4,537 shares of the semiconductor company’s stock valued at $374,000 after buying an additional 142 shares during the last quarter. Arizona State Retirement System grew its position in shares of Ambarella by 1.3% in the 3rd quarter. Arizona State Retirement System now owns 11,899 shares of the semiconductor company’s stock valued at $982,000 after buying an additional 157 shares during the last quarter. National Bank of Canada FI grew its position in shares of Ambarella by 18.9% in the 3rd quarter. National Bank of Canada FI now owns 1,146 shares of the semiconductor company’s stock valued at $95,000 after buying an additional 182 shares during the last quarter. Finally, Pallas Capital Advisors LLC grew its position in shares of Ambarella by 6.5% in the 4th quarter. Pallas Capital Advisors LLC now owns 3,109 shares of the semiconductor company’s stock valued at $220,000 after buying an additional 190 shares during the last quarter. Institutional investors own 82.09% of the company’s stock.

Analyst Ratings Changes

AMBA has been the topic of a number of analyst reports. Rosenblatt Securities reiterated a “buy” rating and issued a $115.00 price target on shares of Ambarella in a research report on Monday, March 23rd. Consumer Edge reiterated a “buy” rating on shares of Ambarella in a research report on Tuesday, February 24th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Ambarella in a research report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $96.00.

Ambarella Trading Up 4.3%

NASDAQ AMBA opened at $68.80 on Friday. The business’s 50-day moving average price is $57.21 and its two-hundred day moving average price is $68.97. Ambarella, Inc. has a 12 month low of $48.09 and a 12 month high of $96.69. The firm has a market capitalization of $3.01 billion, a PE ratio of -38.65 and a beta of 2.01.

Ambarella (NASDAQ:AMBA) last announced its quarterly earnings data on Thursday, February 26th. The semiconductor company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The company had revenue of $100.87 million for the quarter, compared to the consensus estimate of $100.17 million. Ambarella had a negative return on equity of 12.16% and a negative net margin of 19.42%.The firm’s revenue was up 20.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.11 EPS. As a group, analysts forecast that Ambarella, Inc. will post -1.27 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Chan W. Lee sold 6,729 shares of the business’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $52.77, for a total value of $355,089.33. Following the transaction, the insider directly owned 156,370 shares of the company’s stock, valued at $8,251,644.90. The trade was a 4.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Chi-Hong Ju sold 4,729 shares of the business’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $52.77, for a total value of $249,549.33. Following the completion of the transaction, the vice president directly owned 164,166 shares in the company, valued at $8,663,039.82. This represents a 2.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 103,899 shares of company stock valued at $5,921,677 over the last 90 days. 5.30% of the stock is owned by company insiders.

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.