RPG Investment Advisory LLC lessened its stake in shares of Ambarella Inc (NASDAQ:AMBA) by 0.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 120,693 shares of the semiconductor company’s stock after selling 1,019 shares during the quarter. RPG Investment Advisory LLC owned approximately 0.37% of Ambarella worth $5,214,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the company. OMERS ADMINISTRATION Corp purchased a new stake in shares of Ambarella during the fourth quarter valued at approximately $735,000. Geode Capital Management LLC lifted its stake in Ambarella by 7.7% in the fourth quarter. Geode Capital Management LLC now owns 132,140 shares of the semiconductor company’s stock worth $4,622,000 after acquiring an additional 9,439 shares during the period. Norges Bank purchased a new stake in Ambarella in the fourth quarter worth $3,619,000. Dimensional Fund Advisors LP lifted its stake in Ambarella by 25.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 464,817 shares of the semiconductor company’s stock worth $16,260,000 after acquiring an additional 92,847 shares during the period. Finally, Millennium Management LLC purchased a new stake in Ambarella in the fourth quarter worth $550,000. 72.99% of the stock is owned by hedge funds and other institutional investors.
In other Ambarella news, VP Christopher Day sold 1,886 shares of the stock in a transaction on Friday, March 29th. The stock was sold at an average price of $43.10, for a total value of $81,286.60. Following the completion of the transaction, the vice president now owns 9,674 shares in the company, valued at $416,949.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Yun-Lung Chen sold 6,320 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $41.28, for a total value of $260,889.60. Following the completion of the transaction, the vice president now owns 27,511 shares of the company’s stock, valued at approximately $1,135,654.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,886 shares of company stock valued at $936,308. 5.84% of the stock is owned by corporate insiders.
AMBA traded down $0.95 during trading on Monday, reaching $46.74. The stock had a trading volume of 492,800 shares, compared to its average volume of 500,440. The company has a market cap of $1.57 billion, a price-to-earnings ratio of -41.36 and a beta of 1.05. Ambarella Inc has a one year low of $30.00 and a one year high of $55.50.
Ambarella (NASDAQ:AMBA) last posted its quarterly earnings data on Tuesday, March 5th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.10. Ambarella had a negative return on equity of 8.46% and a negative net margin of 13.37%. On average, sell-side analysts predict that Ambarella Inc will post -1.53 EPS for the current fiscal year.
A number of analysts recently commented on the company. BidaskClub raised Ambarella from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Northland Securities reaffirmed a “buy” rating on shares of Ambarella in a research note on Wednesday, March 6th. ValuEngine raised Ambarella from a “hold” rating to a “buy” rating in a research note on Saturday, March 30th. TheStreet raised Ambarella from a “d” rating to a “c-” rating in a research note on Tuesday, March 5th. Finally, Craig Hallum raised Ambarella from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research note on Wednesday, March 6th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Ambarella currently has an average rating of “Hold” and a consensus price target of $45.67.
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Ambarella, Inc develops semiconductor processing solutions for video that enable high-definition (HD), video capture, analysis, sharing, and display worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, computer vision functionality, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.
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