Ambarella, Inc. $AMBA Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC lifted its holdings in shares of Ambarella, Inc. (NASDAQ:AMBA) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,020,527 shares of the semiconductor company’s stock after buying an additional 35,510 shares during the quarter. Geode Capital Management LLC’s holdings in Ambarella were worth $72,305,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Jackson Creek Investment Advisors LLC acquired a new position in shares of Ambarella during the 4th quarter worth approximately $351,000. Themes Management Co LLC acquired a new position in shares of Ambarella during the 4th quarter worth approximately $700,000. Legal & General Group Plc raised its stake in shares of Ambarella by 18.4% during the 4th quarter. Legal & General Group Plc now owns 614,017 shares of the semiconductor company’s stock worth $43,497,000 after buying an additional 95,218 shares during the period. Legato Capital Management LLC raised its stake in shares of Ambarella by 10.1% during the 4th quarter. Legato Capital Management LLC now owns 15,720 shares of the semiconductor company’s stock worth $1,114,000 after buying an additional 1,440 shares during the period. Finally, Nano Cap New Millennium Growth Fund L P acquired a new position in shares of Ambarella during the 4th quarter worth approximately $71,000. 82.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the company. Rosenblatt Securities reiterated a “buy” rating and set a $115.00 price target on shares of Ambarella in a research report on Tuesday, May 26th. Stifel Nicolaus set a $106.00 price target on Ambarella in a research report on Friday, May 29th. Consumer Edge reiterated a “buy” rating on shares of Ambarella in a research report on Friday, May 22nd. Summit Insights cut Ambarella from a “buy” rating to a “hold” rating in a research report on Friday, May 29th. Finally, Susquehanna boosted their price target on Ambarella from $80.00 to $110.00 and gave the stock a “positive” rating in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $99.75.

Ambarella Stock Up 8.2%

Shares of NASDAQ:AMBA opened at $68.72 on Tuesday. The business has a fifty day moving average of $67.99 and a two-hundred day moving average of $67.56. The stock has a market cap of $3.01 billion, a P/E ratio of -42.68 and a beta of 2.15. Ambarella, Inc. has a 52-week low of $48.30 and a 52-week high of $96.69.

Ambarella (NASDAQ:AMBA) last issued its earnings results on Thursday, May 28th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. The company had revenue of $100.36 million during the quarter, compared to analysts’ expectations of $100.12 million. Ambarella had a negative return on equity of 10.94% and a negative net margin of 17.18%.The firm’s quarterly revenue was up 16.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.07 EPS. On average, equities analysts anticipate that Ambarella, Inc. will post -1.27 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Chan W. Lee sold 3,641 shares of the stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $54.14, for a total transaction of $197,123.74. Following the completion of the transaction, the insider directly owned 160,049 shares in the company, valued at approximately $8,665,052.86. This represents a 2.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO John Alexander Young sold 400 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $96.00, for a total value of $38,400.00. Following the transaction, the chief financial officer owned 117,623 shares of the company’s stock, valued at approximately $11,291,808. This represents a 0.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 86,799 shares of company stock valued at $5,877,902 in the last quarter. Corporate insiders own 4.50% of the company’s stock.

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.