Ambarella, Inc. $AMBA Shares Bought by SWS Partners

SWS Partners grew its stake in Ambarella, Inc. (NASDAQ:AMBA) by 16.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,191 shares of the semiconductor company’s stock after acquiring an additional 12,774 shares during the quarter. Ambarella comprises approximately 1.2% of SWS Partners’ portfolio, making the stock its 20th biggest holding. SWS Partners owned approximately 0.21% of Ambarella worth $6,318,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Advisory Services Network LLC acquired a new position in Ambarella in the 3rd quarter valued at about $33,000. EverSource Wealth Advisors LLC boosted its stake in shares of Ambarella by 362.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 416 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 326 shares during the last quarter. Total Investment Management Inc. acquired a new stake in shares of Ambarella during the 2nd quarter worth about $30,000. CoreCap Advisors LLC purchased a new stake in shares of Ambarella during the third quarter worth about $43,000. Finally, Rothschild Investment LLC grew its holdings in shares of Ambarella by 78.1% during the third quarter. Rothschild Investment LLC now owns 641 shares of the semiconductor company’s stock worth $53,000 after buying an additional 281 shares in the last quarter. Institutional investors and hedge funds own 82.09% of the company’s stock.

Ambarella Stock Performance

Shares of AMBA stock opened at $51.08 on Thursday. Ambarella, Inc. has a one year low of $38.86 and a one year high of $96.69. The company has a 50 day moving average price of $60.22 and a 200 day moving average price of $72.56. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of -28.70 and a beta of 2.01.

Ambarella (NASDAQ:AMBA) last announced its quarterly earnings results on Thursday, February 26th. The semiconductor company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates 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% on a year-over-year basis. During the same quarter last year, the business earned $0.11 EPS. As a group, equities analysts forecast that Ambarella, Inc. will post -2.81 EPS for the current fiscal year.

Insider Transactions at Ambarella

In other news, 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 value of $437,613.62. Following the transaction, 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. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Chi-Hong Ju sold 2,155 shares of the business’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $54.14, for a total value of $116,671.70. Following the sale, the vice president owned 167,941 shares of the company’s stock, valued at $9,092,325.74. The trade was a 1.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 109,656 shares of company stock worth $6,387,499 in the last three months. 5.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Consumer Edge reissued a “buy” rating on shares of Ambarella in a research note on Tuesday, February 24th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ambarella in a research note on Wednesday, January 21st. Rosenblatt Securities reiterated a “buy” rating and issued a $115.00 price target on shares of Ambarella in a report on Monday, March 23rd. Finally, Wall Street Zen lowered Ambarella from a “buy” rating to a “hold” rating in a research note on Saturday, December 27th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $96.00.

Ambarella 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.