SteelPeak Wealth LLC Makes New Investment in Ambarella, Inc. $AMBA

SteelPeak Wealth LLC bought a new stake in Ambarella, Inc. (NASDAQ:AMBA) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 10,129 shares of the semiconductor company’s stock, valued at approximately $836,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of AMBA. Ieq Capital LLC purchased a new stake in Ambarella during the 1st quarter valued at about $335,000. Royal Bank of Canada lifted its stake in Ambarella by 2.1% in the 1st quarter. Royal Bank of Canada now owns 64,744 shares of the semiconductor company’s stock worth $3,258,000 after purchasing an additional 1,307 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Ambarella by 44.1% during the 1st quarter. Advisors Asset Management Inc. now owns 935 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 286 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Ambarella by 126.6% in the first quarter. AQR Capital Management LLC now owns 84,871 shares of the semiconductor company’s stock valued at $4,272,000 after purchasing an additional 47,414 shares in the last quarter. Finally, Banque Transatlantique SA purchased a new stake in shares of Ambarella in the first quarter valued at approximately $50,000. 82.09% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Ambarella

In other Ambarella news, CEO Feng-Ming Wang sold 4,950 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $71.82, for a total transaction of $355,509.00. Following the transaction, the chief executive officer directly owned 783,979 shares in the company, valued at $56,305,371.78. This represents a 0.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John Alexander Young sold 3,791 shares of the firm’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $72.96, for a total value of $276,591.36. Following the transaction, the chief financial officer owned 102,738 shares of the company’s stock, valued at approximately $7,495,764.48. This represents a 3.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 33,834 shares of company stock worth $2,569,441. 5.30% of the stock is owned by company insiders.

Ambarella Trading Up 6.1%

NASDAQ AMBA opened at $75.16 on Friday. The stock has a fifty day simple moving average of $79.41 and a 200-day simple moving average of $75.52. The stock has a market cap of $3.24 billion, a PE ratio of -39.98 and a beta of 1.95. Ambarella, Inc. has a twelve month low of $38.86 and a twelve month high of $96.69.

Ambarella (NASDAQ:AMBA) last posted its earnings results on Tuesday, November 25th. The semiconductor company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.06. The company had revenue of $108.45 million for the quarter, compared to analysts’ expectations of $104.11 million. Ambarella had a negative net margin of 21.31% and a negative return on equity of 13.02%. Ambarella’s revenue for the quarter was up 31.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.11 earnings per share. Research analysts predict that Ambarella, Inc. will post -2.81 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Summit Insights raised Ambarella from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 25th. Roth Capital reissued a “neutral” rating on shares of Ambarella in a research report on Wednesday, November 26th. Bank of America raised their price objective on shares of Ambarella from $90.00 to $92.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. Rosenblatt Securities lifted their target price on shares of Ambarella from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. Finally, Wall Street Zen lowered shares of Ambarella from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Ambarella presently has an average rating of “Moderate Buy” and a consensus target price of $96.00.

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.