Ambarella, Inc. $AMBA Shares Bought by Sei Investments Co.

Sei Investments Co. raised its position in Ambarella, Inc. (NASDAQ:AMBA) by 38.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,139 shares of the semiconductor company’s stock after purchasing an additional 24,711 shares during the quarter. Sei Investments Co.’s holdings in Ambarella were worth $4,588,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of AMBA. Royal Bank of Canada grew its holdings in shares of Ambarella by 2.1% during the 1st quarter. Royal Bank of Canada now owns 64,744 shares of the semiconductor company’s stock worth $3,258,000 after purchasing an additional 1,307 shares during the period. Advisors Asset Management Inc. increased its position in Ambarella by 44.1% during the 1st quarter. Advisors Asset Management Inc. now owns 935 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 286 shares in the last quarter. AQR Capital Management LLC increased its position in Ambarella by 126.6% during the 1st quarter. AQR Capital Management LLC now owns 84,871 shares of the semiconductor company’s stock worth $4,272,000 after purchasing an additional 47,414 shares in the last quarter. Empowered Funds LLC raised its holdings in Ambarella by 34.6% in the first quarter. Empowered Funds LLC now owns 6,838 shares of the semiconductor company’s stock valued at $344,000 after buying an additional 1,758 shares during the period. Finally, Intech Investment Management LLC lifted its position in Ambarella by 48.1% during the first quarter. Intech Investment Management LLC now owns 25,586 shares of the semiconductor company’s stock valued at $1,288,000 after buying an additional 8,306 shares in the last quarter. 82.09% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Ambarella news, VP Chi-Hong Ju sold 10,000 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $88.84, for a total value of $888,400.00. Following the transaction, the vice president owned 155,924 shares in the company, valued at $13,852,288.16. The trade was a 6.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Yun-Lung Chen sold 9,856 shares of the business’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $67.06, for a total transaction of $660,943.36. Following the completion of the transaction, the vice president owned 66,515 shares in the company, valued at $4,460,495.90. This represents a 12.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 91,419 shares of company stock valued at $7,591,700. Corporate insiders own 4.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Susquehanna boosted their price objective on shares of Ambarella from $80.00 to $110.00 and gave the stock a “positive” rating in a research note on Friday, May 29th. Stifel Nicolaus set a $106.00 target price on shares of Ambarella in a report on Friday, May 29th. Rosenblatt Securities upped their price target on shares of Ambarella from $115.00 to $120.00 in a research report on Tuesday, June 30th. Northland Securities set a $101.00 price target on shares of Ambarella in a research report on Wednesday, June 17th. Finally, Bank of America increased their price target on Ambarella from $72.00 to $96.00 and gave the company a “neutral” rating in a report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $101.12.

Ambarella Stock Performance

Ambarella stock opened at $81.85 on Thursday. The firm has a market capitalization of $3.59 billion, a PE ratio of -50.84 and a beta of 2.12. Ambarella, Inc. has a one year low of $48.30 and a one year high of $96.69. The stock’s 50 day moving average price is $72.06 and its 200 day moving average price is $66.81.

Ambarella (NASDAQ:AMBA) last issued its quarterly earnings data on Thursday, May 28th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. The company had revenue of $100.36 million during the quarter, compared to the consensus estimate of $100.12 million. Ambarella had a negative net margin of 17.18% and a negative return on equity of 10.94%. Ambarella’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same quarter last year, the company earned $0.07 earnings per share. On average, analysts forecast that Ambarella, Inc. will post -1.13 earnings per share for the current fiscal year.

About Ambarella

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.