Diversified Trust Co Invests $548,000 in Ambarella, Inc. $AMBA

Diversified Trust Co acquired a new stake in Ambarella, Inc. (NASDAQ:AMBA) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 10,638 shares of the semiconductor company’s stock, valued at approximately $548,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMBA. Price T Rowe Associates Inc. MD raised its position in shares of Ambarella by 2,312.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 864,610 shares of the semiconductor company’s stock valued at $61,250,000 after purchasing an additional 828,773 shares during the period. UBS Group AG boosted its holdings in shares of Ambarella by 379.3% during the 3rd quarter. UBS Group AG now owns 821,747 shares of the semiconductor company’s stock worth $67,811,000 after buying an additional 650,306 shares during the period. Squarepoint Ops LLC bought a new stake in shares of Ambarella during the 2nd quarter worth $36,810,000. Barclays PLC grew its stake in Ambarella by 121.7% in the 3rd quarter. Barclays PLC now owns 775,113 shares of the semiconductor company’s stock valued at $63,962,000 after buying an additional 425,546 shares during the last quarter. Finally, Balyasny Asset Management L.P. grew its stake in Ambarella by 894.7% in the 2nd quarter. Balyasny Asset Management L.P. now owns 459,562 shares of the semiconductor company’s stock valued at $30,361,000 after buying an additional 413,362 shares during the last quarter. 82.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Ambarella

In other Ambarella news, CFO John Alexander Young sold 5,033 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $67.54, for a total value of $339,928.82. Following the completion of the transaction, the chief financial officer owned 112,590 shares of the company’s stock, valued at $7,604,328.60. This represents a 4.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Yun-Lung Chen sold 9,856 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $67.06, for a total value of $660,943.36. Following the completion of the sale, the vice president owned 66,515 shares of the company’s stock, valued at $4,460,495.90. This represents a 12.91% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 60,932 shares of company stock worth $4,873,601. 4.50% of the stock is currently owned by company insiders.

Ambarella Price Performance

NASDAQ:AMBA opened at $64.11 on Friday. Ambarella, Inc. has a one year low of $48.30 and a one year high of $96.69. The company has a fifty day moving average price of $71.87 and a 200 day moving average price of $66.51. The stock has a market cap of $2.81 billion, a P/E ratio of -39.82 and a beta of 2.15.

Ambarella (NASDAQ:AMBA) last announced its quarterly earnings data on Thursday, May 28th. The semiconductor company reported $0.11 EPS for the quarter, meeting analysts’ consensus estimates of $0.11. Ambarella had a negative net margin of 17.18% and a negative return on equity of 10.94%. The business had revenue of $100.36 million during the quarter, compared to analyst estimates of $100.12 million. During the same quarter in the prior year, the business earned $0.07 earnings per share. The firm’s revenue for the quarter was up 16.9% on a year-over-year basis. As a group, equities research analysts anticipate that Ambarella, Inc. will post -1.13 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on AMBA. Susquehanna lifted their target price on shares of Ambarella from $80.00 to $110.00 and gave the stock a “positive” rating in a report on Friday, May 29th. Consumer Edge restated a “buy” rating on shares of Ambarella in a report on Friday, May 22nd. Northland Securities set a $101.00 price target on Ambarella in a research report on Wednesday, June 17th. Bank of America lifted their price objective on Ambarella from $72.00 to $96.00 and gave the stock a “neutral” rating in a research note on Friday, May 29th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $115.00 price objective on shares of Ambarella in a research report on Tuesday, May 26th. 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 given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $100.50.

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.