Themes Management Co LLC Invests $700,000 in Ambarella, Inc. $AMBA

Themes Management Co LLC acquired a new position in Ambarella, Inc. (NASDAQ:AMBA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,878 shares of the semiconductor company’s stock, valued at approximately $700,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Royal Bank of Canada boosted its stake in Ambarella by 2.1% during the first quarter. Royal Bank of Canada now owns 64,744 shares of the semiconductor company’s stock worth $3,258,000 after buying an additional 1,307 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in Ambarella by 44.1% during the first quarter. Advisors Asset Management Inc. now owns 935 shares of the semiconductor company’s stock worth $47,000 after buying an additional 286 shares in the last quarter. AQR Capital Management LLC boosted its stake in Ambarella by 126.6% during the first quarter. AQR Capital Management LLC now owns 84,871 shares of the semiconductor company’s stock worth $4,272,000 after buying an additional 47,414 shares in the last quarter. Empowered Funds LLC boosted its stake in Ambarella by 34.6% during the first quarter. Empowered Funds LLC now owns 6,838 shares of the semiconductor company’s stock worth $344,000 after buying an additional 1,758 shares in the last quarter. Finally, Intech Investment Management LLC boosted its stake in Ambarella by 48.1% during the first quarter. Intech Investment Management LLC now owns 25,586 shares of the semiconductor company’s stock worth $1,288,000 after buying an additional 8,306 shares in the last quarter. Institutional investors and hedge funds own 82.09% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on AMBA. Consumer Edge reiterated a “buy” rating on shares of Ambarella in a research note on Friday. Stifel Nicolaus set a $90.00 price objective on Ambarella in a report on Friday. Finally, Rosenblatt Securities reissued a “buy” rating and set 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 issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $94.75.

Insiders Place Their Bets

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 value of $249,549.33. Following the completion of the transaction, the vice president directly owned 164,166 shares of the company’s stock, valued at $8,663,039.82. The trade was a 2.80% decrease in their ownership of the stock. The transaction 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 the business’s 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 sale, the chief financial officer directly owned 117,072 shares of the company’s stock, valued at $6,177,889.44. This represents a 3.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 103,899 shares of company stock valued at $5,921,677. 5.30% of the stock is owned by corporate insiders.

Ambarella Stock Performance

Shares of NASDAQ AMBA opened at $87.55 on Tuesday. The stock has a market cap of $3.84 billion, a PE ratio of -49.19 and a beta of 2.17. The business has a fifty day moving average of $63.13 and a two-hundred day moving average of $68.36. Ambarella, Inc. has a 52-week low of $48.30 and a 52-week high of $96.69.

Ambarella (NASDAQ:AMBA) last released its quarterly earnings results on Thursday, February 26th. The semiconductor company reported $0.13 earnings per share (EPS) for the quarter, beating 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 business had revenue of $100.87 million during the quarter, compared to analysts’ expectations of $100.17 million. During the same period in the previous year, the business posted $0.11 earnings per share. The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year. Analysts predict that Ambarella, Inc. will post -1.27 earnings per share for the current year.

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.