Leonteq Securities AG Purchases Shares of 26,870 Ambarella, Inc. $AMBA

Leonteq Securities AG purchased a new stake in Ambarella, Inc. (NASDAQ:AMBA) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 26,870 shares of the semiconductor company’s stock, valued at approximately $1,903,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its stake in Ambarella by 362.2% in 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 last quarter. Advisory Services Network LLC acquired a new stake in Ambarella in the 3rd quarter valued at $33,000. Advisors Asset Management Inc. increased its stake in Ambarella by 44.1% in 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 last quarter. Flagship Harbor Advisors LLC acquired a new stake in Ambarella in the 4th quarter valued at $48,000. Finally, Rothschild Investment LLC increased its stake in Ambarella by 78.1% in the 3rd quarter. Rothschild Investment LLC now owns 641 shares of the semiconductor company’s stock valued at $53,000 after buying an additional 281 shares during the last quarter. 82.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMBA has been the topic of several recent research reports. Rosenblatt Securities reiterated a “buy” rating and issued a $115.00 price target on shares of Ambarella in a research note on Monday, March 23rd. Consumer Edge restated a “buy” rating on shares of Ambarella in a research note on Tuesday, February 24th. Two investment 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.com, Ambarella presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.00.

Ambarella Price Performance

Ambarella stock opened at $83.64 on Friday. The firm has a market capitalization of $3.67 billion, a PE ratio of -46.99 and a beta of 2.17. The company’s 50-day moving average is $61.75 and its 200-day moving average is $68.30. Ambarella, Inc. has a fifty-two week low of $48.30 and a fifty-two week high of $96.69.

Ambarella (NASDAQ:AMBA) last released its quarterly earnings data on Thursday, February 26th. The semiconductor company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.03. The company had revenue of $100.87 million for 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%. Ambarella’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.11 EPS. As a group, analysts expect that Ambarella, Inc. will post -1.27 EPS for the current year.

Insider Activity at Ambarella

In related news, insider Chan W. Lee sold 3,641 shares of Ambarella stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $54.14, for a total transaction of $197,123.74. Following the completion of the sale, the insider owned 160,049 shares of the company’s stock, valued at approximately $8,665,052.86. The trade was a 2.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Feng-Ming Wang sold 8,083 shares of Ambarella stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $54.14, for a total transaction of $437,613.62. Following the sale, the chief executive officer directly owned 838,561 shares of the company’s stock, valued at $45,399,692.54. The trade was a 0.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 103,899 shares of company stock worth $5,921,677. 5.30% of the stock is currently owned by corporate 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.