Krane Funds Advisors LLC Takes Position in Ambarella, Inc. $AMBA

Krane Funds Advisors LLC bought a new position in Ambarella, Inc. (NASDAQ:AMBA) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 8,848 shares of the semiconductor company’s stock, valued at approximately $627,000.

Other large investors have also recently bought and sold shares of the company. GSA Capital Partners LLP raised its holdings in shares of Ambarella by 145.2% during the fourth quarter. GSA Capital Partners LLP now owns 24,800 shares of the semiconductor company’s stock worth $1,757,000 after acquiring an additional 14,685 shares in the last quarter. Legal & General Group Plc increased its position in Ambarella by 18.4% in the 4th quarter. Legal & General Group Plc now owns 614,017 shares of the semiconductor company’s stock worth $43,497,000 after purchasing an additional 95,218 shares during the last quarter. SBI Okasan Asset Management Co.Ltd. purchased a new stake in shares of Ambarella during the 4th quarter worth about $1,345,000. Leonteq Securities AG bought a new stake in shares of Ambarella in the 4th quarter valued at approximately $1,903,000. Finally, Handelsbanken Fonder AB increased its holdings in Ambarella by 84.0% in the fourth quarter. Handelsbanken Fonder AB now owns 312,326 shares of the semiconductor company’s stock worth $22,125,000 after buying an additional 142,551 shares during the last quarter. 82.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on AMBA shares. Susquehanna raised their price target on shares of Ambarella from $80.00 to $110.00 and gave the company a “positive” rating in a report on Friday, May 29th. Bank of America raised their target price on Ambarella from $72.00 to $96.00 and gave the company a “neutral” rating in a report on Friday, May 29th. Consumer Edge reissued a “buy” rating on shares of Ambarella in a report on Friday, May 22nd. Rosenblatt Securities reaffirmed a “buy” rating and set a $115.00 target price on shares of Ambarella in a research report on Tuesday, May 26th. Finally, Summit Insights lowered shares of Ambarella from a “buy” rating to a “hold” rating in a research report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $99.75.

Insider Activity at Ambarella

In related news, VP Chi-Hong Ju sold 4,729 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 transaction of $249,549.33. Following the sale, the vice president directly owned 164,166 shares of the company’s stock, valued at $8,663,039.82. This trade represents a 2.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Chan W. Lee sold 6,729 shares of the business’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $52.77, for a total value of $355,089.33. Following the transaction, the insider owned 156,370 shares in the company, valued at $8,251,644.90. This represents a 4.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 86,799 shares of company stock worth $5,877,902 over the last ninety days. Corporate insiders own 4.50% of the company’s stock.

Ambarella Price Performance

Shares of AMBA stock opened at $63.52 on Monday. Ambarella, Inc. has a 12 month low of $48.30 and a 12 month high of $96.69. The firm has a market cap of $2.79 billion, a PE ratio of -39.45 and a beta of 2.15. The stock has a 50 day moving average of $67.67 and a 200-day moving average of $67.66.

Ambarella (NASDAQ:AMBA) last announced its earnings results on Thursday, May 28th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.11. The business had revenue of $100.36 million for the quarter, compared to analyst estimates of $100.12 million. Ambarella had a negative net margin of 17.18% and a negative return on equity of 10.94%. Ambarella’s revenue was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.07 earnings per share. As a group, equities analysts predict that Ambarella, Inc. will post -1.27 EPS for the current fiscal year.

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.