Ambarella, Inc. $AMBA Shares Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP grew its stake in shares of Ambarella, Inc. (NASDAQ:AMBA) by 145.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,800 shares of the semiconductor company’s stock after acquiring an additional 14,685 shares during the period. GSA Capital Partners LLP’s holdings in Ambarella were worth $1,757,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Handelsbanken Fonder AB grew its holdings in Ambarella by 84.0% during the 4th quarter. Handelsbanken Fonder AB now owns 312,326 shares of the semiconductor company’s stock worth $22,125,000 after acquiring an additional 142,551 shares in the last quarter. DNB Asset Management AS acquired a new position in Ambarella during the 4th quarter worth $3,341,000. Freemont Management S.A. acquired a new position in Ambarella during the 4th quarter worth $2,734,000. Knuff & Co LLC acquired a new position in Ambarella during the 4th quarter worth $214,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Ambarella during the 4th quarter worth $209,000. 82.09% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Ambarella

In other news, CEO Feng-Ming Wang sold 50,000 shares of Ambarella stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $60.80, for a total value of $3,040,000.00. Following the completion of the transaction, the chief executive officer directly owned 768,979 shares of the company’s stock, valued at approximately $46,753,923.20. The trade was a 6.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Chi-Hong Ju sold 4,729 shares of Ambarella stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $52.77, for a total transaction of $249,549.33. Following the completion of the transaction, the vice president directly owned 164,166 shares of the company’s stock, valued at $8,663,039.82. This trade represents a 2.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 103,899 shares of company stock valued at $5,921,677. Corporate insiders own 5.70% of the company’s stock.

Ambarella Stock Performance

NASDAQ AMBA opened at $76.69 on Wednesday. Ambarella, Inc. has a one year low of $48.30 and a one year high of $96.69. The company has a 50-day simple moving average of $60.56 and a 200-day simple moving average of $68.33. The firm has a market capitalization of $3.36 billion, a PE ratio of -43.08 and a beta of 2.17.

Ambarella (NASDAQ:AMBA) last posted its quarterly earnings results on Thursday, February 26th. The semiconductor company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.10 by $0.03. Ambarella had a negative net margin of 19.42% and a negative return on equity of 12.16%. The business had revenue of $100.87 million during the quarter, compared to analyst estimates of $100.17 million. During the same period in the previous year, the business posted $0.11 EPS. The company’s quarterly revenue was up 20.1% on a year-over-year basis. Equities analysts forecast that Ambarella, Inc. will post -1.27 earnings per share for the current year.

Wall Street Analyst Weigh In

AMBA has been the subject of several recent analyst reports. Rosenblatt Securities reissued a “buy” rating and set a $115.00 price objective on shares of Ambarella in a report on Monday, March 23rd. Consumer Edge reissued a “buy” rating on shares of Ambarella in a report on Tuesday, February 24th. Finally, Weiss Ratings reissued 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 issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Ambarella has an average rating of “Moderate Buy” and an average price target of $96.00.

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.