55,225 Shares in Ambarella, Inc. $AMBA Acquired by SG Americas Securities LLC

SG Americas Securities LLC acquired a new stake in shares of Ambarella, Inc. (NASDAQ:AMBA) in the fourth quarter, Holdings Channel reports. The fund acquired 55,225 shares of the semiconductor company’s stock, valued at approximately $3,912,000.

Other institutional investors have also recently added to or reduced their stakes in the company. NorthCrest Asset Manangement LLC boosted its holdings in shares of Ambarella by 8.0% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 3,552 shares of the semiconductor company’s stock valued at $274,000 after acquiring an additional 264 shares during the period. CIBC Bancorp USA Inc. acquired a new stake in shares of Ambarella in the 3rd quarter worth about $358,000. WBI Investments LLC acquired a new stake in shares of Ambarella in the 3rd quarter worth about $413,000. Advisory Services Network LLC bought a new stake in Ambarella in the 3rd quarter valued at about $33,000. Finally, Oberweis Asset Management Inc. boosted its stake in Ambarella by 6.6% during the 3rd quarter. Oberweis Asset Management Inc. now owns 611,360 shares of the semiconductor company’s stock valued at $50,449,000 after purchasing an additional 38,000 shares during the period. 82.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on AMBA shares. Weiss Ratings restated a “sell (d-)” rating on shares of Ambarella in a research report on Wednesday, January 21st. Wall Street Zen cut Ambarella from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. Rosenblatt Securities reiterated a “buy” rating and set a $115.00 price objective on shares of Ambarella in a research report on Monday, March 23rd. Finally, Consumer Edge reissued a “buy” rating on shares of Ambarella in a report on Tuesday, February 24th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $96.00.

Ambarella Trading Down 1.1%

Shares of NASDAQ:AMBA opened at $50.54 on Friday. The company has a 50 day moving average of $59.85 and a 200-day moving average of $72.41. The firm has a market cap of $2.21 billion, a P/E ratio of -28.39 and a beta of 2.01. Ambarella, Inc. has a twelve month low of $38.86 and a twelve month high of $96.69.

Ambarella (NASDAQ:AMBA) last announced its earnings results on Thursday, February 26th. The semiconductor company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.10 by $0.03. The firm had revenue of $100.87 million for the quarter, compared to analysts’ expectations of $100.17 million. Ambarella had a negative return on equity of 12.16% and a negative net margin of 19.42%.The firm’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.11 earnings per share. Equities research analysts forecast that Ambarella, Inc. will post -2.81 EPS for the current year.

Insider Transactions at Ambarella

In related news, CEO Feng-Ming Wang sold 50,000 shares of the firm’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $60.80, for a total transaction of $3,040,000.00. Following the completion of the transaction, the chief executive officer owned 768,979 shares of the company’s stock, valued at $46,753,923.20. This trade represents a 6.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO John Alexander Young sold 4,577 shares of Ambarella stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $52.77, for a total value of $241,528.29. Following the transaction, the chief financial officer directly owned 117,072 shares in the company, valued at approximately $6,177,889.44. The trade was a 3.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 109,656 shares of company stock valued at $6,387,499 in the last quarter. Company insiders own 5.30% of the company’s stock.

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.