Ambarella, Inc. $AMBA Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP lessened its holdings in Ambarella, Inc. (NASDAQ:AMBA) by 52.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 10,115 shares of the semiconductor company’s stock after selling 10,985 shares during the period. GSA Capital Partners LLP’s holdings in Ambarella were worth $835,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. EverSource Wealth Advisors LLC lifted its position in Ambarella by 362.2% in the second quarter. EverSource Wealth Advisors LLC now owns 416 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 326 shares during the last quarter. Total Investment Management Inc. acquired a new position in shares of Ambarella in the 2nd quarter worth approximately $30,000. CoreCap Advisors LLC purchased a new position in shares of Ambarella during the 3rd quarter worth approximately $43,000. Rothschild Investment LLC increased its holdings in Ambarella by 78.1% in the 3rd quarter. Rothschild Investment LLC now owns 641 shares of the semiconductor company’s stock valued at $53,000 after purchasing an additional 281 shares during the last quarter. Finally, Virtus Advisers LLC purchased a new stake in Ambarella in the second quarter valued at approximately $49,000. 82.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Ambarella Trading Up 2.7%

Shares of AMBA stock opened at $68.01 on Friday. The company has a market cap of $2.93 billion, a P/E ratio of -36.18 and a beta of 1.97. The firm has a fifty day moving average price of $68.30 and a 200 day moving average price of $75.83. Ambarella, Inc. has a 12 month low of $38.86 and a 12 month high of $96.69.

Ambarella (NASDAQ:AMBA) last posted its quarterly earnings results on Tuesday, November 25th. The semiconductor company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.06. The company had revenue of $108.45 million for the quarter, compared to analysts’ expectations of $104.11 million. Ambarella had a negative return on equity of 13.02% and a negative net margin of 21.31%.Ambarella’s quarterly revenue was up 31.2% on a year-over-year basis. During the same period last year, the firm earned $0.11 earnings per share. On average, equities analysts forecast that Ambarella, Inc. will post -2.81 EPS for the current year.

Insider Buying and Selling at Ambarella

In related news, Director Christopher B. Paisley sold 500 shares of the business’s stock in a transaction that occurred on Friday, December 26th. The stock was sold at an average price of $72.18, for a total transaction of $36,090.00. Following the completion of the sale, the director owned 41,279 shares in the company, valued at $2,979,518.22. The trade was a 1.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Chan W. Lee sold 2,406 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $71.82, for a total transaction of $172,798.92. Following the sale, the insider directly owned 124,566 shares in the company, valued at approximately $8,946,330.12. The trade was a 1.89% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 27,685 shares of company stock worth $2,016,598. 5.30% of the stock is currently owned by corporate insiders.

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.