Ambarella, Inc. $AMBA Shares Sold by Leonteq Securities AG

Leonteq Securities AG reduced its position in shares of Ambarella, Inc. (NASDAQ:AMBA) by 24.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,349 shares of the semiconductor company’s stock after selling 6,521 shares during the period. Leonteq Securities AG’s holdings in Ambarella were worth $1,047,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Impact Partnership Wealth LLC raised its holdings in shares of Ambarella by 35.0% in the 1st quarter. Impact Partnership Wealth LLC now owns 5,336 shares of the semiconductor company’s stock valued at $275,000 after buying an additional 1,382 shares during the period. Pictet Asset Management Holding SA grew its position in Ambarella by 12.3% in the 1st quarter. Pictet Asset Management Holding SA now owns 6,516 shares of the semiconductor company’s stock valued at $335,000 after acquiring an additional 712 shares in the last quarter. Krilogy Financial LLC grew its position in Ambarella by 56.0% in the 1st quarter. Krilogy Financial LLC now owns 4,878 shares of the semiconductor company’s stock valued at $251,000 after acquiring an additional 1,752 shares in the last quarter. Diversified Trust Co purchased a new stake in Ambarella during the first quarter worth about $548,000. Finally, Rockefeller Capital Management L.P. increased its stake in Ambarella by 21.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 4,163 shares of the semiconductor company’s stock worth $295,000 after purchasing an additional 722 shares during the period. 82.09% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Ambarella

In other Ambarella news, CFO John Alexander Young sold 5,033 shares of the stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $67.54, for a total value of $339,928.82. Following the sale, the chief financial officer directly owned 112,590 shares of the company’s stock, valued at approximately $7,604,328.60. This represents a 4.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Chan W. Lee sold 2,951 shares of the firm’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $67.87, for a total transaction of $200,284.37. Following the completion of the sale, the insider owned 157,098 shares in the company, valued at $10,662,241.26. The trade was a 1.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 87,432 shares of company stock valued at $7,241,303 over the last quarter. Insiders own 4.50% of the company’s stock.

Ambarella Price Performance

Shares of NASDAQ AMBA opened at $78.36 on Friday. The company has a market cap of $3.44 billion, a price-to-earnings ratio of -48.67 and a beta of 2.11. The stock’s 50-day moving average is $74.00 and its two-hundred day moving average is $66.55. Ambarella, Inc. has a 1-year low of $48.30 and a 1-year high of $96.69.

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

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Consumer Edge reissued a “buy” rating on shares of Ambarella in a research report on Friday, May 22nd. Stifel Nicolaus set a $106.00 price objective on shares of Ambarella in a report on Friday, May 29th. Northland Securities set a $101.00 target price on shares of Ambarella in a research note on Wednesday, June 17th. Rosenblatt Securities reiterated a “buy” rating and set a $115.00 target price on shares of Ambarella in a report on Tuesday, May 26th. Finally, Summit Insights cut shares of Ambarella from a “buy” rating to a “hold” rating in a research report on Friday, May 29th. One investment 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $100.50.

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.