Duality Advisers LP Grows Stock Position in Ambarella, Inc. (NASDAQ:AMBA)

Duality Advisers LP lifted its stake in Ambarella, Inc. (NASDAQ:AMBA) by 17.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 20,426 shares of the semiconductor company’s stock after buying an additional 3,080 shares during the period. Duality Advisers LP’s holdings in Ambarella were worth $1,252,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of AMBA. SG Americas Securities LLC increased its holdings in shares of Ambarella by 1,703.6% in the third quarter. SG Americas Securities LLC now owns 41,302 shares of the semiconductor company’s stock worth $2,190,000 after buying an additional 39,012 shares during the period. Exchange Traded Concepts LLC grew its stake in shares of Ambarella by 19.8% in the third quarter. Exchange Traded Concepts LLC now owns 296,494 shares of the semiconductor company’s stock worth $15,723,000 after purchasing an additional 48,917 shares during the last quarter. Asset Management One Co. Ltd. bought a new stake in shares of Ambarella in the third quarter worth about $144,000. KG&L Capital Management LLC bought a new stake in shares of Ambarella in the third quarter worth about $635,000. Finally, Aquila Investment Management LLC grew its stake in shares of Ambarella by 44.0% in the third quarter. Aquila Investment Management LLC now owns 36,000 shares of the semiconductor company’s stock worth $1,909,000 after purchasing an additional 11,000 shares during the last quarter. Hedge funds and other institutional investors own 82.09% of the company’s stock.

Wall Street Analysts Forecast Growth

AMBA has been the topic of several recent analyst reports. Bank of America cut their target price on Ambarella from $62.00 to $50.00 and set an “underperform” rating on the stock in a research note on Tuesday, April 16th. Wells Fargo & Company cut Ambarella from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $85.00 to $65.00 in a research note on Wednesday, January 3rd. Needham & Company LLC reissued a “buy” rating and issued a $90.00 target price on shares of Ambarella in a research note on Wednesday, February 28th. Morgan Stanley lifted their price objective on Ambarella from $67.00 to $73.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. Finally, Susquehanna lifted their price objective on Ambarella from $70.00 to $80.00 and gave the company a “positive” rating in a research report on Wednesday, February 28th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Ambarella presently has a consensus rating of “Hold” and a consensus target price of $71.08.

Ambarella Stock Up 0.5 %

Shares of AMBA opened at $41.25 on Wednesday. The business’s 50 day moving average price is $51.10 and its 200-day moving average price is $53.72. Ambarella, Inc. has a 52 week low of $40.31 and a 52 week high of $89.18. The stock has a market cap of $1.69 billion, a P/E ratio of -9.73 and a beta of 1.66.

Ambarella (NASDAQ:AMBA) last issued its quarterly earnings results on Tuesday, February 27th. The semiconductor company reported ($0.95) EPS for the quarter, topping analysts’ consensus estimates of ($0.98) by $0.03. Ambarella had a negative return on equity of 23.78% and a negative net margin of 74.81%. The firm had revenue of $51.62 million for the quarter, compared to analysts’ expectations of $51.68 million. On average, equities analysts anticipate that Ambarella, Inc. will post -3.53 EPS for the current year.

Insider Buying and Selling

In related news, CEO Feng-Ming Wang sold 2,173 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $49.27, for a total value of $107,063.71. Following the completion of the transaction, the chief executive officer now directly owns 806,632 shares in the company, valued at approximately $39,742,758.64. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CTO Leslie Kohn sold 1,198 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $49.27, for a total value of $59,025.46. Following the completion of the transaction, the chief technology officer now directly owns 964,664 shares in the company, valued at approximately $47,528,995.28. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Feng-Ming Wang sold 2,173 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $49.27, for a total transaction of $107,063.71. Following the completion of the transaction, the chief executive officer now owns 806,632 shares of the company’s stock, valued at $39,742,758.64. The disclosure for this sale can be found here. Insiders sold a total of 6,648 shares of company stock worth $327,595 in the last three months. Insiders own 5.90% of the company’s stock.

About Ambarella

Ambarella, Inc develops semiconductor solutions that enable high-definition (HD) and ultra HD compression, image processing, and deep neural network processing worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, artificial intelligence computer vision algorithms, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.