Quantbot Technologies LP Increases Stock Position in Ambarella, Inc. $AMBA

Quantbot Technologies LP lifted its stake in Ambarella, Inc. (NASDAQ:AMBA) by 227.1% in the second quarter, HoldingsChannel.com reports. The fund owned 11,789 shares of the semiconductor company’s stock after purchasing an additional 8,185 shares during the period. Quantbot Technologies LP’s holdings in Ambarella were worth $779,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Ambarella by 3.2% in the first quarter. Vanguard Group Inc. now owns 4,848,305 shares of the semiconductor company’s stock worth $244,015,000 after purchasing an additional 152,181 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Ambarella by 88.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,232,272 shares of the semiconductor company’s stock worth $62,020,000 after buying an additional 579,917 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Ambarella by 3.0% in the 2nd quarter. Geode Capital Management LLC now owns 976,281 shares of the semiconductor company’s stock worth $64,505,000 after buying an additional 28,371 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its holdings in shares of Ambarella by 25.6% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 910,911 shares of the semiconductor company’s stock worth $45,846,000 after acquiring an additional 185,444 shares during the period. Finally, Kodai Capital Management LP increased its position in Ambarella by 16.2% during the first quarter. Kodai Capital Management LP now owns 904,536 shares of the semiconductor company’s stock valued at $45,525,000 after acquiring an additional 125,983 shares during the last quarter. Institutional investors own 82.09% of the company’s stock.

Ambarella Trading Up 2.0%

Ambarella stock opened at $78.25 on Wednesday. Ambarella, Inc. has a 12-month low of $38.86 and a 12-month high of $96.69. The firm has a market capitalization of $3.37 billion, a price-to-earnings ratio of -41.62 and a beta of 1.98. The firm has a 50 day moving average of $83.10 and a 200 day moving average of $73.45.

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

Insider Activity at Ambarella

In related news, CEO Feng-Ming Wang sold 4,928 shares of the company’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $79.43, for a total value of $391,431.04. Following the completion of the transaction, the chief executive officer owned 788,929 shares of the company’s stock, valued at approximately $62,664,630.47. This represents a 0.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CTO Leslie Kohn sold 2,249 shares of the stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $79.43, for a total value of $178,638.07. Following the completion of the sale, the chief technology officer owned 977,428 shares of the company’s stock, valued at $77,637,106.04. The trade was a 0.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 26,735 shares of company stock worth $2,158,237 in the last 90 days. Company insiders own 5.70% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AMBA. BNP Paribas raised Ambarella to a “strong-buy” rating in a research report on Friday, August 29th. Morgan Stanley increased their price objective on shares of Ambarella from $80.00 to $96.00 and gave the stock an “overweight” rating in a research note on Friday, August 29th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $80.00 target price on shares of Ambarella in a research report on Wednesday, November 26th. Oppenheimer reaffirmed a “market perform” rating on shares of Ambarella in a report on Friday, August 29th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Ambarella in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Ambarella currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.00.

Ambarella Profile

Ambarella, Inc develops semiconductor solutions that enable high-definition (HD) and ultra HD compression, image signal processing, and artificial intelligence processing worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, artificial intelligence computer vision algorithms, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.