Ambarella, Inc. $AMBA Shares Purchased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC increased its holdings in shares of Ambarella, Inc. (NASDAQ:AMBA) by 30.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 353,101 shares of the semiconductor company’s stock after buying an additional 81,668 shares during the quarter. Exchange Traded Concepts LLC owned 0.82% of Ambarella worth $25,014,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in AMBA. UBS Group AG boosted its holdings in Ambarella by 379.3% in the third quarter. UBS Group AG now owns 821,747 shares of the semiconductor company’s stock worth $67,811,000 after acquiring an additional 650,306 shares in the last quarter. Squarepoint Ops LLC acquired a new position in shares of Ambarella during the second quarter valued at about $36,810,000. Barclays PLC increased its holdings in shares of Ambarella by 121.7% during the third quarter. Barclays PLC now owns 775,113 shares of the semiconductor company’s stock valued at $63,962,000 after acquiring an additional 425,546 shares in the last quarter. Balyasny Asset Management L.P. raised its position 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 during the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of Ambarella by 977.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 227,205 shares of the semiconductor company’s stock valued at $18,749,000 after purchasing an additional 206,121 shares during the last quarter. 82.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Ambarella in a research report on Wednesday, January 21st. Wall Street Zen cut shares of Ambarella from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. Consumer Edge reiterated a “buy” rating on shares of Ambarella in a research note on Tuesday, February 24th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $115.00 price objective on shares of Ambarella in a report on Monday, March 23rd. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $96.00.

Insider Buying and Selling at Ambarella

In related news, VP Chi-Hong Ju sold 7,728 shares of the business’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $75.58, for a total transaction of $584,082.24. Following the completion of the transaction, the vice president directly owned 146,039 shares in the company, valued at $11,037,627.62. The trade was a 5.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO John Alexander Young sold 4,577 shares of the company’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $52.77, for a total transaction of $241,528.29. Following the completion of the sale, the chief financial officer directly owned 117,072 shares in the company, valued at approximately $6,177,889.44. The trade was a 3.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 113,421 shares of company stock worth $6,652,254. 5.30% of the stock is currently owned by company insiders.

Ambarella Stock Down 4.2%

Shares of NASDAQ AMBA opened at $50.47 on Friday. Ambarella, Inc. has a 52 week low of $38.86 and a 52 week high of $96.69. The business’s 50 day moving average price is $61.26 and its 200 day moving average price is $73.31. The firm has a market cap of $2.21 billion, a P/E ratio of -28.35 and a beta of 1.95.

Ambarella (NASDAQ:AMBA) last posted its quarterly earnings results on Thursday, February 26th. The semiconductor company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. Ambarella had a negative net margin of 19.42% and a negative return on equity of 12.16%. The company had revenue of $100.87 million during the quarter, compared to analyst estimates of $100.17 million. During the same period last year, the firm posted $0.11 EPS. Ambarella’s revenue for the quarter was up 20.1% compared to the same quarter last year. As a group, research analysts expect that Ambarella, Inc. will post -2.81 earnings per share for the current 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.