Counterpoint Mutual Funds LLC Makes New Investment in Ambarella, Inc. $AMBA

Counterpoint Mutual Funds LLC purchased a new position in Ambarella, Inc. (NASDAQ:AMBA) in the 1st quarter, HoldingsChannel.com reports. The firm purchased 10,638 shares of the semiconductor company’s stock, valued at approximately $548,000.

A number of other large investors also recently modified their holdings of AMBA. EverSource Wealth Advisors LLC raised its stake in shares of Ambarella by 362.2% during the second quarter. EverSource Wealth Advisors LLC now owns 416 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 326 shares in the last quarter. Advisory Services Network LLC acquired a new stake in Ambarella in the third quarter worth about $33,000. Steward Partners Investment Advisory LLC grew its position in Ambarella by 162.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 525 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 325 shares in the last quarter. Advisors Asset Management Inc. grew its position in Ambarella by 44.1% in the 1st quarter. Advisors Asset Management Inc. now owns 935 shares of the semiconductor company’s stock valued at $47,000 after buying an additional 286 shares in the last quarter. Finally, Flagship Harbor Advisors LLC acquired a new position in Ambarella during the 4th quarter valued at about $48,000. 82.09% of the stock is owned by institutional investors and hedge funds.

Ambarella Price Performance

NASDAQ:AMBA opened at $78.36 on Friday. The business’s 50-day moving average price is $74.00 and its 200 day moving average price is $66.55. Ambarella, Inc. has a 52-week low of $48.30 and a 52-week high of $96.69. The firm has a market cap of $3.44 billion, a P/E ratio of -48.67 and a beta of 2.11.

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

Analyst Upgrades and Downgrades

A number of research firms have commented on AMBA. Consumer Edge restated a “buy” rating on shares of Ambarella in a research report on Friday, May 22nd. Rosenblatt Securities reiterated a “buy” rating and issued a $115.00 price objective on shares of Ambarella in a report on Tuesday, May 26th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Ambarella in a research note on Friday, June 26th. Northland Securities set a $101.00 target price on Ambarella in a report on Wednesday, June 17th. Finally, Stifel Nicolaus set a $106.00 target price on Ambarella in a report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $100.50.

Insider Buying and Selling

In related news, 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 directly owned 155,924 shares in the company, valued at approximately $13,852,288.16. This trade represents a 6.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Yun-Lung Chen sold 9,856 shares of Ambarella stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $67.06, for a total transaction of $660,943.36. Following the completion of the transaction, the vice president owned 66,515 shares in the company, valued at approximately $4,460,495.90. This trade represents a 12.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 87,432 shares of company stock worth $7,241,303. 4.50% of the stock is owned by insiders.

Ambarella Company 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.