DNB Asset Management AS Makes New $3.34 Million Investment in Ambarella, Inc. $AMBA

DNB Asset Management AS bought a new position in shares of Ambarella, Inc. (NASDAQ:AMBA) in the fourth quarter, Holdings Channel reports. The firm bought 47,158 shares of the semiconductor company’s stock, valued at approximately $3,341,000.

A number of other large investors have also recently added to or reduced their stakes in AMBA. EverSource Wealth Advisors LLC boosted its position in Ambarella by 362.2% during the second quarter. EverSource Wealth Advisors LLC now owns 416 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 326 shares during the period. Advisory Services Network LLC bought a new stake in shares of Ambarella in the third quarter valued at approximately $33,000. Advisors Asset Management Inc. boosted its position in shares of Ambarella by 44.1% in the first quarter. Advisors Asset Management Inc. now owns 935 shares of the semiconductor company’s stock valued at $47,000 after acquiring an additional 286 shares during the period. Flagship Harbor Advisors LLC bought a new stake in shares of Ambarella in the fourth quarter valued at approximately $48,000. Finally, Rothschild Investment LLC boosted its position in shares of Ambarella by 78.1% in the third quarter. Rothschild Investment LLC now owns 641 shares of the semiconductor company’s stock valued at $53,000 after acquiring an additional 281 shares during the period. Institutional investors own 82.09% of the company’s stock.

Insider Buying and Selling

In other Ambarella news, CFO John Alexander Young sold 4,577 shares of the stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $52.77, for a total transaction of $241,528.29. Following the completion of the transaction, the chief financial officer directly owned 117,072 shares in the company, valued at $6,177,889.44. This represents a 3.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Chan W. Lee sold 6,729 shares of the stock in a transaction on 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 owned 156,370 shares of the company’s stock, valued at $8,251,644.90. This represents a 4.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 103,899 shares of company stock valued at $5,921,677. 5.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AMBA. Rosenblatt Securities reissued a “buy” rating and issued a $115.00 price objective on shares of Ambarella in a research report on Monday, March 23rd. Consumer Edge reissued a “buy” rating on shares of Ambarella in a research report on Tuesday, February 24th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Ambarella in a research report on Wednesday, January 21st. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Ambarella presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.00.

Ambarella Trading Down 2.8%

Shares of NASDAQ AMBA opened at $76.69 on Wednesday. The business has a fifty day simple moving average of $60.56 and a 200 day simple moving average of $68.33. Ambarella, Inc. has a one year low of $48.30 and a one year high of $96.69. The firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of -43.08 and a beta of 2.17.

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