Ambarella, Inc. $AMBA Shares Purchased by Barclays PLC

Barclays PLC lifted its holdings in Ambarella, Inc. (NASDAQ:AMBA) by 121.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 775,113 shares of the semiconductor company’s stock after purchasing an additional 425,546 shares during the quarter. Barclays PLC’s holdings in Ambarella were worth $63,962,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its stake in shares of Ambarella by 362.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 416 shares of the semiconductor company’s stock worth $27,000 after buying an additional 326 shares during the period. Total Investment Management Inc. purchased a new position in shares of Ambarella during the 2nd quarter valued at approximately $30,000. CoreCap Advisors LLC acquired a new stake in Ambarella in the 3rd quarter valued at $43,000. Rothschild Investment LLC grew its stake in Ambarella by 78.1% in the 3rd quarter. Rothschild Investment LLC now owns 641 shares of the semiconductor company’s stock valued at $53,000 after acquiring an additional 281 shares during the period. Finally, Virtus Advisers LLC purchased a new stake in Ambarella in the 2nd quarter worth $49,000. Institutional investors and hedge funds own 82.09% of the company’s stock.

Wall Street Analyst Weigh In

AMBA has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of Ambarella from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. Summit Insights raised shares of Ambarella from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 25th. Roth Mkm restated a “neutral” rating on shares of Ambarella in a research report on Wednesday, November 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $80.00 price target on shares of Ambarella in a research note on Wednesday, November 26th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price objective on shares of Ambarella in a report on Wednesday, November 26th. Two equities research 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 assigned a Sell rating to the company. According to MarketBeat.com, Ambarella presently has an average rating of “Moderate Buy” and a consensus price target of $96.00.

Insider Transactions at Ambarella

In other Ambarella news, VP Chi-Hong Ju sold 7,728 shares of Ambarella stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $75.58, for a total transaction of $584,082.24. Following the transaction, the vice president directly owned 146,039 shares of the company’s stock, valued at $11,037,627.62. The trade was a 5.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Feng-Ming Wang sold 50,000 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $60.80, for a total transaction of $3,040,000.00. Following the completion of the transaction, the chief executive officer owned 768,979 shares in the company, valued at $46,753,923.20. The trade was a 6.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 77,685 shares of company stock valued at $5,056,598 in the last three months. 5.70% of the stock is currently owned by corporate insiders.

Ambarella Stock Performance

NASDAQ AMBA opened at $52.38 on Monday. The stock’s fifty day moving average is $66.38 and its two-hundred day moving average is $75.70. The firm has a market capitalization of $2.25 billion, a P/E ratio of -29.43 and a beta of 1.95. Ambarella, Inc. has a fifty-two week low of $38.86 and a fifty-two week high of $96.69.

Ambarella (NASDAQ:AMBA) last issued its earnings results on Thursday, February 26th. The semiconductor company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. Ambarella had a negative return on equity of 12.24% and a negative net margin of 19.42%.The business had revenue of $100.87 million during the quarter, compared to the consensus estimate of $100.17 million. During the same period last year, the company earned $0.11 EPS. The company’s revenue for the quarter was up 20.1% on a year-over-year basis. As a group, sell-side analysts forecast that Ambarella, Inc. will post -2.81 EPS for the current year.

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.