Odyssean LLC Purchases New Stake in Ambarella, Inc. $AMBA

Odyssean LLC acquired a new position in shares of Ambarella, Inc. (NASDAQ:AMBA) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 26,188 shares of the semiconductor company’s stock, valued at approximately $2,247,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Main Management ETF Advisors LLC raised its stake in Ambarella by 1.0% during the fourth quarter. Main Management ETF Advisors LLC now owns 17,226 shares of the semiconductor company’s stock worth $1,220,000 after acquiring an additional 176 shares during the period. National Bank of Canada FI raised its stake in shares of Ambarella by 18.9% during the third quarter. National Bank of Canada FI now owns 1,146 shares of the semiconductor company’s stock valued at $95,000 after purchasing an additional 182 shares in the last quarter. Natixis Advisors LLC raised its position in shares of Ambarella by 1.5% during the 3rd quarter. Natixis Advisors LLC now owns 13,721 shares of the semiconductor company’s stock worth $1,132,000 after buying an additional 204 shares in the last quarter. Mariner LLC raised its holdings in Ambarella by 2.6% during the third quarter. Mariner LLC now owns 8,574 shares of the semiconductor company’s stock worth $707,000 after purchasing an additional 219 shares in the last quarter. Finally, Essential Partners LLC lifted its holdings in shares of Ambarella by 90.1% in the first quarter. Essential Partners LLC now owns 481 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 228 shares during the period. Institutional investors own 82.09% of the company’s stock.

Ambarella Price Performance

AMBA opened at $62.89 on Friday. The company has a market capitalization of $2.76 billion, a PE ratio of -48.75 and a beta of 2.09. The business has a 50-day moving average of $74.33 and a 200-day moving average of $68.20. Ambarella, Inc. has a fifty-two week low of $48.30 and a fifty-two week high of $96.69.

Ambarella (NASDAQ:AMBA) last posted its earnings results on Thursday, September 3rd. The semiconductor company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.17 by $0.01. Ambarella had a negative net margin of 13.48% and a negative return on equity of 10.12%. The company had revenue of $108.12 million during the quarter, compared to the consensus estimate of $107.76 million. During the same period in the previous year, the firm posted $0.15 earnings per share. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. On average, equities research analysts expect that Ambarella, Inc. will post -1.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, VP Yun-Lung Chen sold 5,958 shares of the company’s stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $78.66, for a total transaction of $468,656.28. Following the completion of the sale, the vice president owned 60,557 shares in the company, valued at approximately $4,763,413.62. This represents a 8.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Chi-Hong Ju sold 10,000 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $88.84, for a total value of $888,400.00. Following the transaction, the vice president directly owned 155,924 shares in the company, valued at approximately $13,852,288.16. This represents a 6.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 58,519 shares of company stock valued at $4,595,475. 4.50% of the stock is owned by corporate insiders.

Key Headlines Impacting Ambarella

Here are the key news stories impacting Ambarella this week:

• Positive Sentiment: Ambarella reported fiscal Q2 revenue of $108.1 million, up 13.2% year over year and slightly above estimates, while non-GAAP EPS of $0.18 exceeded consensus. The company also forecast fiscal Q3 revenue of $115 million to $124 million, broadly in line with expectations. Ambarella fiscal Q2 results
• Positive Sentiment: Management highlighted record edge-AI revenue and announced long-term agreements with Macnica and Capgemini. The partnerships could expand distribution, systems integration, and enterprise adoption of Ambarella’s edge and physical AI products. Macnica strategic agreement
• Positive Sentiment: Stifel Nicolaus maintained a Buy rating and sees substantial potential appreciation despite reducing its price target from $106 to $90. Stifel price target update

Wall Street Analyst Weigh In

AMBA has been the topic of several recent research reports. Weiss Ratings raised shares of Ambarella from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, July 10th. Craig Hallum cut shares of Ambarella from a “buy” rating to a “hold” rating and set a $70.00 target price for the company. in a report on Friday. Stifel Nicolaus decreased their price target on shares of Ambarella from $106.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday. Susquehanna boosted their target price on Ambarella from $80.00 to $110.00 and gave the stock a “positive” rating in a research report on Friday, May 29th. Finally, Consumer Edge restated a “buy” rating on shares of Ambarella in a report on Friday, May 22nd. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $89.56.

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.