Themes Management Co LLC Buys New Position in Ambarella, Inc. $AMBA

Themes Management Co LLC bought a new stake in Ambarella, Inc. (NASDAQ:AMBA) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 9,878 shares of the semiconductor company’s stock, valued at approximately $700,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC boosted its position 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 purchasing an additional 326 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Ambarella during the 3rd quarter valued at about $33,000. Advisors Asset Management Inc. boosted its position 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 purchasing an additional 286 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of Ambarella during the 4th quarter valued at about $48,000. Finally, Rothschild Investment LLC boosted its position in shares of Ambarella by 78.1% during 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 in the last quarter. Institutional investors own 82.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AMBA shares. Stifel Nicolaus set a $90.00 price objective on shares of Ambarella in a research report on Friday. Rosenblatt Securities restated a “buy” rating and set a $115.00 price objective 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 report on Friday. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Ambarella presently has a consensus rating of “Moderate Buy” and a consensus price target of $94.75.

Ambarella Price Performance

NASDAQ AMBA opened at $87.55 on Tuesday. The company has a 50 day simple moving average of $63.13 and a 200-day simple moving average of $68.36. The firm has a market capitalization of $3.84 billion, a price-to-earnings ratio of -49.19 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 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. The business had revenue of $100.87 million during the quarter, compared to analyst estimates 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 was up 20.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.11 earnings per share. On average, analysts predict that Ambarella, Inc. will post -1.27 EPS for the current year.

Insider Buying and Selling

In other Ambarella news, CEO Feng-Ming Wang sold 50,000 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $60.80, for a total transaction of $3,040,000.00. Following the transaction, the chief executive officer owned 768,979 shares in the company, valued at $46,753,923.20. This trade represents a 6.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Chan W. Lee sold 6,729 shares of the stock in a transaction that occurred on 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 owned 156,370 shares in the company, valued at approximately $8,251,644.90. This trade represents a 4.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 103,899 shares of company stock worth $5,921,677. 5.30% of the stock is currently owned by company 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.