Y Intercept Hong Kong Ltd Sells 15,971 Shares of Ambarella, Inc. $AMBA

Y Intercept Hong Kong Ltd decreased its position in Ambarella, Inc. (NASDAQ:AMBA) by 81.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,638 shares of the semiconductor company’s stock after selling 15,971 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Ambarella were worth $300,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of AMBA. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of Ambarella by 290.4% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 58,428 shares of the semiconductor company’s stock valued at $4,821,000 after acquiring an additional 43,461 shares during the period. Bayforest Capital Ltd increased its stake in Ambarella by 72.2% in the second quarter. Bayforest Capital Ltd now owns 9,461 shares of the semiconductor company’s stock valued at $625,000 after purchasing an additional 3,966 shares in the last quarter. Creative Planning increased its stake in Ambarella by 30.8% in the second quarter. Creative Planning now owns 21,569 shares of the semiconductor company’s stock valued at $1,425,000 after purchasing an additional 5,085 shares in the last quarter. Sigma Planning Corp acquired a new position in shares of Ambarella during the second quarter valued at about $373,000. Finally, Asset Management One Co. Ltd. boosted its position in shares of Ambarella by 268.8% during the 2nd quarter. Asset Management One Co. Ltd. now owns 5,407 shares of the semiconductor company’s stock worth $357,000 after purchasing an additional 3,941 shares in the last quarter. 82.09% of the stock is currently owned by institutional investors and hedge funds.

Ambarella Stock Down 2.1%

Shares of NASDAQ:AMBA opened at $59.45 on Friday. The business’s 50 day moving average is $70.18 and its 200 day moving average is $75.93. Ambarella, Inc. has a 12-month low of $38.86 and a 12-month high of $96.69. The stock has a market cap of $2.56 billion, a price-to-earnings ratio of -31.62 and a beta of 1.97.

Ambarella (NASDAQ:AMBA) last released its quarterly earnings results on Tuesday, November 25th. The semiconductor company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.06. The business had revenue of $108.45 million during the quarter, compared to analyst estimates of $104.11 million. Ambarella had a negative return on equity of 13.02% and a negative net margin of 21.31%.Ambarella’s quarterly revenue was up 31.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.11 EPS. As a group, equities research analysts expect that Ambarella, Inc. will post -2.81 earnings per share for the current year.

Insider Activity at Ambarella

In other Ambarella news, insider Chan W. Lee sold 2,406 shares of Ambarella stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $71.82, for a total transaction of $172,798.92. Following the transaction, the insider owned 124,566 shares of the company’s stock, valued at $8,946,330.12. This trade represents a 1.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Feng-Ming Wang sold 4,950 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $71.82, for a total value of $355,509.00. Following the completion of the transaction, the chief executive officer owned 783,979 shares in the company, valued at $56,305,371.78. The trade was a 0.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 27,685 shares of company stock valued at $2,016,598 over the last three months. Insiders own 5.30% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $100.00 target price (up from $90.00) on shares of Ambarella in a research report on Wednesday, November 26th. Rosenblatt Securities raised their price objective on Ambarella from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 target price on shares of Ambarella in a research report on Wednesday, November 26th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $80.00 target price on shares of Ambarella in a report on Wednesday, November 26th. Finally, Consumer Edge restated a “buy” rating on shares of Ambarella in a research note on Friday, November 21st. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Ambarella currently has an average rating of “Moderate Buy” and an average target price of $96.00.

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.