Neo Ivy Capital Management Has $1.09 Million Stock Position in Ambarella, Inc. $AMBA

Neo Ivy Capital Management boosted its holdings in shares of Ambarella, Inc. (NASDAQ:AMBA) by 7,382.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,244 shares of the semiconductor company’s stock after buying an additional 13,067 shares during the quarter. Neo Ivy Capital Management’s holdings in Ambarella were worth $1,093,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Squarepoint Ops LLC bought a new position in Ambarella during the second quarter worth $36,810,000. Barclays PLC raised its position in shares of Ambarella by 121.7% in the third quarter. Barclays PLC now owns 775,113 shares of the semiconductor company’s stock valued at $63,962,000 after purchasing an additional 425,546 shares during the period. Balyasny Asset Management L.P. lifted its stake in shares of Ambarella by 894.7% during the 2nd quarter. Balyasny Asset Management L.P. now owns 459,562 shares of the semiconductor company’s stock worth $30,361,000 after buying an additional 413,362 shares during the last quarter. Tributary Capital Management LLC lifted its stake in shares of Ambarella by 88.5% during the 3rd quarter. Tributary Capital Management LLC now owns 423,790 shares of the semiconductor company’s stock worth $34,971,000 after buying an additional 198,934 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of Ambarella by 8.9% during the 2nd quarter. State Street Corp now owns 1,855,170 shares of the semiconductor company’s stock worth $122,562,000 after buying an additional 151,694 shares during the period. Institutional investors own 82.09% of the company’s stock.

Analysts Set New Price Targets

AMBA has been the subject of a number of research analyst reports. Roth Mkm restated a “neutral” rating on shares of Ambarella in a report on Wednesday, November 26th. Consumer Edge reiterated a “buy” rating on shares of Ambarella in a research note on Tuesday, February 24th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ambarella in a report on Wednesday, January 21st. Rosenblatt Securities increased their price objective on Ambarella from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. Finally, Wall Street Zen downgraded Ambarella from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Ambarella has an average rating of “Moderate Buy” and a consensus price target of $96.00.

Insider Buying and Selling

In other Ambarella news, VP Chi-Hong Ju sold 7,728 shares of the company’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $75.58, for a total value of $584,082.24. Following the transaction, the vice president directly owned 146,039 shares in the company, valued at $11,037,627.62. This represents a 5.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Chan W. Lee sold 2,406 shares of Ambarella stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $71.82, for a total value of $172,798.92. Following the sale, the insider owned 124,566 shares of the company’s stock, valued at approximately $8,946,330.12. This trade represents a 1.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 77,685 shares of company stock worth $5,056,598 in the last three months. Insiders own 5.30% of the company’s stock.

Ambarella Stock Performance

Ambarella stock opened at $52.38 on Friday. Ambarella, Inc. has a 52 week low of $38.86 and a 52 week high of $96.69. The stock has a market capitalization of $2.25 billion, a P/E ratio of -29.43 and a beta of 1.95. The stock has a fifty day moving average of $66.38 and a 200-day moving average of $75.63.

Ambarella (NASDAQ:AMBA) last released its quarterly earnings data on Thursday, February 26th. The semiconductor company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. Ambarella had a negative net margin of 19.42% and a negative return on equity of 12.24%. The business had revenue of $100.87 million during the quarter, compared to analysts’ expectations of $100.17 million. During the same period in the prior year, the company earned $0.11 EPS. The firm’s quarterly revenue was up 20.1% compared to the same quarter last year. On average, research analysts forecast that Ambarella, Inc. will post -2.81 earnings per share for the current 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.