Handelsbanken Fonder AB Purchases 142,551 Shares of Ambarella, Inc. $AMBA

Handelsbanken Fonder AB boosted its position in Ambarella, Inc. (NASDAQ:AMBA) by 84.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 312,326 shares of the semiconductor company’s stock after purchasing an additional 142,551 shares during the quarter. Handelsbanken Fonder AB’s holdings in Ambarella were worth $22,125,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in AMBA. UBS Group AG raised its holdings in Ambarella by 379.3% in the third quarter. UBS Group AG now owns 821,747 shares of the semiconductor company’s stock worth $67,811,000 after purchasing an additional 650,306 shares in the last quarter. Squarepoint Ops LLC bought a new position in Ambarella in the second quarter worth $36,810,000. Barclays PLC raised its holdings in Ambarella by 121.7% in the third quarter. Barclays PLC now owns 775,113 shares of the semiconductor company’s stock worth $63,962,000 after purchasing an additional 425,546 shares in the last quarter. Balyasny Asset Management L.P. raised its holdings in Ambarella by 894.7% in the second quarter. Balyasny Asset Management L.P. now owns 459,562 shares of the semiconductor company’s stock worth $30,361,000 after purchasing an additional 413,362 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Ambarella by 6.0% in the fourth quarter. Vanguard Group Inc. now owns 5,480,285 shares of the semiconductor company’s stock worth $388,223,000 after purchasing an additional 311,649 shares in the last quarter. Institutional investors own 82.09% of the company’s stock.

Ambarella Trading Up 8.2%

NASDAQ AMBA opened at $83.00 on Thursday. Ambarella, Inc. has a 12 month low of $48.30 and a 12 month high of $96.69. The stock has a market cap of $3.64 billion, a P/E ratio of -46.63 and a beta of 2.17. The stock’s fifty day moving average price is $61.16 and its 200-day moving average price is $68.31.

Ambarella (NASDAQ:AMBA) last released its earnings results on Thursday, February 26th. The semiconductor company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. Ambarella had a negative return on equity of 12.16% and a negative net margin of 19.42%.The firm had revenue of $100.87 million for the quarter, compared to analysts’ expectations of $100.17 million. During the same period in the prior year, the firm posted $0.11 earnings per share. The company’s quarterly revenue was up 20.1% on a year-over-year basis. As a group, analysts forecast that Ambarella, Inc. will post -1.27 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO John Alexander Young sold 1,971 shares of the stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $60.00, for a total value of $118,260.00. Following the sale, the chief financial officer directly owned 117,623 shares of the company’s stock, valued at approximately $7,057,380. This represents a 1.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Feng-Ming Wang sold 8,083 shares of the stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $54.14, for a total value of $437,613.62. Following the completion of the sale, the chief executive officer directly owned 838,561 shares in the company, valued at approximately $45,399,692.54. This represents a 0.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 103,899 shares of company stock valued at $5,921,677. Insiders own 5.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ambarella in a report on Wednesday, January 21st. Consumer Edge reiterated a “buy” rating on shares of Ambarella in a report on Tuesday, February 24th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $115.00 price objective on shares of Ambarella in a report on Monday, March 23rd. 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’s stock. Based on data from MarketBeat.com, Ambarella presently has an average rating of “Moderate Buy” and a consensus price target of $96.00.

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.