Vanguard Group Inc. Increases Stock Position in Ambarella, Inc. $AMBA

Vanguard Group Inc. grew its stake in shares of Ambarella, Inc. (NASDAQ:AMBA) by 6.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,480,285 shares of the semiconductor company’s stock after buying an additional 311,649 shares during the period. Vanguard Group Inc. owned 0.13% of Ambarella worth $388,223,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in AMBA. EverSource Wealth Advisors LLC grew its stake in shares of Ambarella by 362.2% during 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 period. Advisory Services Network LLC purchased a new stake in shares of Ambarella during the 3rd quarter valued at $33,000. CoreCap Advisors LLC purchased a new stake in shares of Ambarella during the 3rd quarter valued at $43,000. Advisors Asset Management Inc. grew its stake in shares of Ambarella by 44.1% during the 1st quarter. Advisors Asset Management Inc. now owns 935 shares of the semiconductor company’s stock valued at $47,000 after buying an additional 286 shares during the period. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of Ambarella during the 4th quarter valued at $48,000. 82.09% of the stock is owned by hedge funds and other institutional investors.

Ambarella Stock Up 1.5%

AMBA opened at $75.48 on Thursday. The firm’s 50 day moving average is $57.51 and its 200-day moving average is $68.68. The firm has a market capitalization of $3.31 billion, a P/E ratio of -42.40 and a beta of 2.17. Ambarella, Inc. has a 52-week low of $48.30 and a 52-week high of $96.69.

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

Insiders Place Their Bets

In related news, CFO John Alexander Young sold 4,577 shares of the stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $52.77, for a total value of $241,528.29. Following the completion of the transaction, the chief financial officer owned 117,072 shares of the company’s stock, valued at approximately $6,177,889.44. This represents a 3.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Feng-Ming Wang sold 50,000 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $60.80, for a total value of $3,040,000.00. Following the completion of the transaction, the chief executive officer directly owned 768,979 shares of the company’s stock, valued at $46,753,923.20. This represents a 6.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 103,899 shares of company stock worth $5,921,677. Company insiders own 5.30% of the company’s stock.

Wall Street Analyst Weigh In

AMBA has been the subject of several research reports. Rosenblatt Securities reissued a “buy” rating and set a $115.00 price objective on shares of Ambarella in a research note on Monday, March 23rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Ambarella in a research note on Wednesday, January 21st. Finally, Consumer Edge reaffirmed a “buy” rating on shares of Ambarella in a research report on Tuesday, February 24th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.00.

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.