Counterpoint Mutual Funds LLC Invests $548,000 in Ambarella, Inc. $AMBA

Counterpoint Mutual Funds LLC purchased a new stake in Ambarella, Inc. (NASDAQ:AMBA) in the first quarter, according to its most recent filing with the SEC. The fund purchased 10,638 shares of the semiconductor company’s stock, valued at approximately $548,000.

A number of other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its stake in Ambarella by 362.2% during the second quarter. EverSource Wealth Advisors LLC now owns 416 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 326 shares during the last quarter. Advisory Services Network LLC bought a new stake in Ambarella during the third quarter valued at $33,000. Steward Partners Investment Advisory LLC increased its stake in Ambarella by 162.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 525 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 325 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Ambarella by 44.1% during the first 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 period. Finally, Flagship Harbor Advisors LLC acquired a new stake in shares of Ambarella during the fourth quarter worth $48,000. 82.09% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Ambarella news, CFO John Alexander Young sold 5,033 shares of the company’s stock in a transaction dated Wednesday, June 17th. The shares were 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 in the company, valued at approximately $7,604,328.60. This represents a 4.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Chi-Hong Ju sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $88.84, for a total transaction of $888,400.00. Following the completion of the sale, the vice president owned 155,924 shares in the company, valued at $13,852,288.16. The trade was a 6.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 87,432 shares of company stock worth $7,241,303. 4.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on AMBA shares. Summit Insights lowered shares of Ambarella from a “buy” rating to a “hold” rating in a report on Friday, May 29th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Ambarella in a research report on Friday, June 26th. Stifel Nicolaus set a $106.00 price objective on shares of Ambarella in a research note on Friday, May 29th. Consumer Edge reissued a “buy” rating on shares of Ambarella in a report on Friday, May 22nd. Finally, Rosenblatt Securities restated a “buy” rating and issued a $115.00 target price on shares of Ambarella in a research note on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Ambarella has a consensus rating of “Moderate Buy” and an average target price of $100.50.

Ambarella Price Performance

Shares of NASDAQ AMBA opened at $78.36 on Friday. Ambarella, Inc. has a 1-year low of $48.30 and a 1-year high of $96.69. The business’s fifty day moving average price is $74.00 and its two-hundred day moving average price is $66.55. The firm has a market capitalization of $3.44 billion, a PE ratio of -48.67 and a beta of 2.11.

Ambarella (NASDAQ:AMBA) last posted its earnings results on Thursday, May 28th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.11. Ambarella had a negative return on equity of 10.94% and a negative net margin of 17.18%.The company had revenue of $100.36 million for the quarter, compared to analysts’ expectations of $100.12 million. During the same period last year, the business posted $0.07 earnings per share. The firm’s quarterly revenue was up 16.9% compared to the same quarter last year. Equities research analysts expect that Ambarella, Inc. will post -1.13 earnings per share for the current fiscal year.

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.