Ambarella, Inc. $AMBA Shares Sold by Versor Investments LP

Versor Investments LP cut its holdings in shares of Ambarella, Inc. (NASDAQ:AMBA) by 73.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,227 shares of the semiconductor company’s stock after selling 8,803 shares during the period. Versor Investments LP’s holdings in Ambarella were worth $229,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Ambarella by 6.0% during the fourth quarter. Vanguard Group Inc. now owns 5,480,285 shares of the semiconductor company’s stock valued at $388,223,000 after purchasing an additional 311,649 shares during the last quarter. State Street Corp lifted its stake in Ambarella by 8.9% during the second quarter. State Street Corp now owns 1,855,170 shares of the semiconductor company’s stock valued at $122,562,000 after purchasing an additional 151,694 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Ambarella by 4.0% during the second quarter. The Manufacturers Life Insurance Company now owns 1,371,511 shares of the semiconductor company’s stock valued at $90,609,000 after purchasing an additional 52,954 shares during the last quarter. Jericho Capital Asset Management L.P. lifted its stake in Ambarella by 10.5% during the third quarter. Jericho Capital Asset Management L.P. now owns 1,213,347 shares of the semiconductor company’s stock valued at $100,125,000 after purchasing an additional 114,865 shares during the last quarter. Finally, UBS Group AG lifted its stake in Ambarella by 379.3% during the third quarter. UBS Group AG now owns 821,747 shares of the semiconductor company’s stock valued at $67,811,000 after purchasing an additional 650,306 shares during the last quarter. 82.09% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Ambarella

In other Ambarella news, insider Chan W. Lee sold 6,729 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $52.77, for a total value of $355,089.33. Following the transaction, the insider owned 156,370 shares in the company, valued at approximately $8,251,644.90. This represents a 4.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO John Alexander Young sold 4,577 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $52.77, for a total transaction of $241,528.29. Following the completion of the transaction, the chief financial officer owned 117,072 shares in the company, valued at approximately $6,177,889.44. This represents a 3.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 103,899 shares of company stock worth $5,921,677 in the last 90 days. 5.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AMBA. Rosenblatt Securities restated a “buy” rating and set a $115.00 price target on shares of Ambarella in a report on Monday, March 23rd. Consumer Edge restated a “buy” rating on shares of Ambarella in a report on Tuesday, February 24th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Ambarella in a report on Wednesday, January 21st. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $96.00.

Ambarella Stock Performance

Ambarella stock opened at $81.16 on Friday. The firm has a market cap of $3.55 billion, a PE ratio of -45.60 and a beta of 2.17. The firm’s 50 day moving average price is $59.61 and its two-hundred day moving average price is $68.57. Ambarella, Inc. has a twelve month low of $48.30 and a twelve month 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, beating the consensus estimate of $0.10 by $0.03. The firm 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%. The company’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.11 EPS. Equities analysts anticipate that Ambarella, Inc. will post -1.27 EPS for the current fiscal year.

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.