SG Americas Securities LLC Takes $3.91 Million Position in Ambarella, Inc. $AMBA

SG Americas Securities LLC purchased a new stake in shares of Ambarella, Inc. (NASDAQ:AMBA) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 55,225 shares of the semiconductor company’s stock, valued at approximately $3,912,000. SG Americas Securities LLC owned approximately 0.13% of Ambarella at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its position in Ambarella by 362.2% in the 2nd 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. purchased a new stake in shares of Ambarella during the second quarter worth about $30,000. Advisory Services Network LLC acquired a new position in shares of Ambarella in the third quarter worth about $33,000. CoreCap Advisors LLC acquired a new position in shares of Ambarella in the third quarter worth about $43,000. Finally, Advisors Asset Management Inc. boosted its holdings in 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 purchasing an additional 286 shares during the last quarter. Hedge funds and other institutional investors own 82.09% of the company’s stock.

Analysts Set New Price Targets

AMBA has been the subject of a number of recent analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Ambarella in a research note on Wednesday, January 21st. Wall Street Zen lowered Ambarella from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. Rosenblatt Securities reissued a “buy” rating and set a $115.00 price target on shares of Ambarella in a research report on Monday, March 23rd. Finally, Consumer Edge restated a “buy” rating on shares of Ambarella in a research note on Tuesday, February 24th. Two equities 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $96.00.

Insider Buying and Selling at Ambarella

In other news, insider Chan W. Lee sold 6,729 shares of the firm’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 $355,089.33. Following the transaction, the insider directly owned 156,370 shares in the company, valued at approximately $8,251,644.90. This trade represents a 4.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO John Alexander Young sold 4,577 shares of Ambarella stock in a transaction dated 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 transaction, the chief financial officer directly owned 117,072 shares of the company’s stock, valued at $6,177,889.44. This trade represents a 3.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 109,656 shares of company stock valued at $6,387,499. Corporate insiders own 5.30% of the company’s stock.

Ambarella Stock Down 1.1%

Shares of NASDAQ AMBA opened at $50.54 on Friday. The stock has a market capitalization of $2.21 billion, a P/E ratio of -28.39 and a beta of 2.01. The stock’s 50 day moving average price is $59.85 and its two-hundred day moving average price is $72.41. Ambarella, Inc. has a 52-week low of $38.86 and a 52-week high of $96.69.

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, beating the consensus estimate of $0.10 by $0.03. The business had revenue of $100.87 million for the quarter, compared to analyst estimates of $100.17 million. Ambarella had a negative return on equity of 12.16% and a negative net margin of 19.42%.The business’s revenue was up 20.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.11 EPS. On average, analysts anticipate that Ambarella, Inc. will post -2.81 EPS 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.