S Squared Technology LLC Has $9.11 Million Position in Ambarella, Inc. $AMBA

S Squared Technology LLC reduced its holdings in Ambarella, Inc. (NASDAQ:AMBA) by 16.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 128,551 shares of the semiconductor company’s stock after selling 25,000 shares during the period. Ambarella makes up about 3.5% of S Squared Technology LLC’s investment portfolio, making the stock its 12th biggest position. S Squared Technology LLC’s holdings in Ambarella were worth $9,107,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Ambarella by 6.0% in the fourth quarter. Vanguard Group Inc. now owns 5,480,285 shares of the semiconductor company’s stock valued at $388,223,000 after buying an additional 311,649 shares during the period. State Street Corp lifted its holdings in Ambarella by 8.9% in the second quarter. State Street Corp now owns 1,855,170 shares of the semiconductor company’s stock valued at $122,562,000 after buying an additional 151,694 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in Ambarella by 4.0% in the second quarter. The Manufacturers Life Insurance Company now owns 1,371,511 shares of the semiconductor company’s stock valued at $90,609,000 after buying an additional 52,954 shares during the period. Jericho Capital Asset Management L.P. lifted its holdings in Ambarella by 10.5% in the third quarter. Jericho Capital Asset Management L.P. now owns 1,213,347 shares of the semiconductor company’s stock valued at $100,125,000 after buying an additional 114,865 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Ambarella by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 1,020,527 shares of the semiconductor company’s stock valued at $72,305,000 after buying an additional 35,510 shares during the period. 82.09% of the stock is currently owned by institutional investors and hedge funds.

Ambarella Stock Performance

AMBA opened at $67.78 on Monday. The firm’s fifty day moving average is $69.20 and its two-hundred day moving average is $66.96. The firm has a market cap of $2.97 billion, a PE ratio of -42.10 and a beta of 2.15. Ambarella, Inc. has a twelve month low of $48.30 and a twelve month high of $96.69.

Ambarella (NASDAQ:AMBA) last posted its earnings results on Thursday, May 28th. The semiconductor company reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11. The company had revenue of $100.36 million for the quarter, compared to analyst estimates of $100.12 million. Ambarella had a negative net margin of 17.18% and a negative return on equity of 10.94%. The business’s revenue for the quarter was up 16.9% compared to the same quarter last year. During the same period last year, the business posted $0.07 earnings per share. Equities analysts forecast that Ambarella, Inc. will post -1.13 EPS for the current fiscal year.

Insider Activity

In other news, CFO John Alexander Young sold 400 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $96.00, for a total transaction of $38,400.00. Following the completion of the sale, the chief financial officer owned 117,623 shares of the company’s stock, valued at $11,291,808. This represents a 0.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Chan W. Lee sold 3,641 shares of the stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $54.14, for a total transaction of $197,123.74. Following the sale, the insider directly owned 160,049 shares of the company’s stock, valued at $8,665,052.86. This represents a 2.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 86,799 shares of company stock valued at $5,877,902. 4.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Summit Insights lowered shares of Ambarella from a “buy” rating to a “hold” rating in a report on Friday, May 29th. Stifel Nicolaus set a $106.00 price objective on shares of Ambarella in a report on Friday, May 29th. Consumer Edge reiterated a “buy” rating on shares of Ambarella in a report on Friday, May 22nd. Susquehanna increased their target price on shares of Ambarella from $80.00 to $110.00 and gave the stock a “positive” rating in a report on Friday, May 29th. Finally, Bank of America increased their target price on shares of Ambarella from $72.00 to $96.00 and gave the stock a “neutral” rating in a report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $99.75.

Ambarella Company Profile

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.