Ambarella, Inc. $AMBA Holdings Decreased by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL lessened its position in Ambarella, Inc. (NASDAQ:AMBA) by 46.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,147 shares of the semiconductor company’s stock after selling 7,052 shares during the period. Gamco Investors INC. ET AL’s holdings in Ambarella were worth $577,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Ambarella by 6.0% during the fourth quarter. Vanguard Group Inc. now owns 5,480,285 shares of the semiconductor company’s stock valued at $388,223,000 after acquiring an additional 311,649 shares during the period. State Street Corp grew its stake in Ambarella by 8.9% in the second quarter. State Street Corp now owns 1,855,170 shares of the semiconductor company’s stock valued at $122,562,000 after purchasing an additional 151,694 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Ambarella by 4.0% in the second quarter. The Manufacturers Life Insurance Company now owns 1,371,511 shares of the semiconductor company’s stock worth $90,609,000 after buying an additional 52,954 shares during the last quarter. Jericho Capital Asset Management L.P. raised its holdings in shares of Ambarella by 10.5% during the 3rd quarter. Jericho Capital Asset Management L.P. now owns 1,213,347 shares of the semiconductor company’s stock valued at $100,125,000 after purchasing an additional 114,865 shares in the last quarter. Finally, UBS Group AG lifted its position in shares of Ambarella by 379.3% in the third 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 last quarter. Institutional investors and hedge funds own 82.09% of the company’s stock.

Ambarella Price Performance

NASDAQ:AMBA opened at $87.55 on Friday. The stock has a market capitalization of $3.84 billion, a PE ratio of -49.19 and a beta of 2.17. Ambarella, Inc. has a fifty-two week low of $48.30 and a fifty-two week high of $96.69. The business’s 50-day simple moving average is $62.42 and its 200-day simple moving average is $68.44.

Ambarella (NASDAQ:AMBA) last announced its earnings results on Thursday, February 26th. The semiconductor company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. Ambarella had a negative return on equity of 12.16% and a negative net margin of 19.42%.The business had revenue of $100.87 million for the quarter, compared to analyst estimates of $100.17 million. During the same quarter last year, the firm earned $0.11 EPS. Ambarella’s revenue for the quarter was up 20.1% compared to the same quarter last year. On average, research analysts expect that Ambarella, Inc. will post -1.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on AMBA shares. Stifel Nicolaus set a $90.00 target price on shares of Ambarella in a research note on Friday. Rosenblatt Securities reaffirmed a “buy” rating and set a $115.00 price objective on shares of Ambarella in a report on Monday, March 23rd. Finally, Consumer Edge restated a “buy” rating on shares of Ambarella in a research note on Friday. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $94.75.

Insider Activity

In other news, insider Chan W. Lee sold 3,641 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $54.14, for a total value of $197,123.74. Following the completion of the sale, the insider directly owned 160,049 shares of the company’s stock, valued at $8,665,052.86. This trade represents a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Feng-Ming Wang sold 8,083 shares of Ambarella stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $54.14, for a total transaction of $437,613.62. Following the transaction, the chief executive officer directly owned 838,561 shares of the company’s stock, valued at approximately $45,399,692.54. This trade represents a 0.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 103,899 shares of company stock valued at $5,921,677. 5.30% of the stock is owned by insiders.

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.