Versor Investments LP Has $229,000 Stock Position in Ambarella, Inc. $AMBA

Versor Investments LP decreased its holdings in shares of Ambarella, Inc. (NASDAQ:AMBA) by 73.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,227 shares of the semiconductor company’s stock after selling 8,803 shares during the quarter. Versor Investments LP’s holdings in Ambarella were worth $229,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. K.J. Harrison & Partners Inc acquired a new position in shares of Ambarella during the 4th quarter worth $708,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Ambarella by 19.4% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,413 shares of the semiconductor company’s stock worth $313,000 after purchasing an additional 718 shares during the last quarter. SBI Securities Co. Ltd. increased its stake in shares of Ambarella by 430.4% during the 4th quarter. SBI Securities Co. Ltd. now owns 1,464 shares of the semiconductor company’s stock worth $104,000 after purchasing an additional 1,188 shares during the last quarter. Strs Ohio increased its stake in shares of Ambarella by 5.9% during the 4th quarter. Strs Ohio now owns 14,400 shares of the semiconductor company’s stock worth $1,020,000 after purchasing an additional 800 shares during the last quarter. Finally, Pictet Asset Management Holding SA increased its stake in shares of Ambarella by 11.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 5,804 shares of the semiconductor company’s stock worth $411,000 after purchasing an additional 581 shares during the last quarter. Institutional investors and hedge funds own 82.09% of the company’s stock.

Ambarella Trading Up 0.1%

NASDAQ AMBA opened at $81.16 on Friday. The company has a fifty day simple moving average of $59.61 and a 200 day simple moving average of $68.57. The company has a market cap of $3.55 billion, a P/E ratio of -45.60 and a beta of 2.17. Ambarella, Inc. has a 1 year low of $48.30 and a 1 year high of $96.69.

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

Insider Activity

In related news, CEO Feng-Ming Wang sold 8,083 shares of the company’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $54.14, for a total transaction of $437,613.62. Following the completion of the sale, the chief executive officer directly owned 838,561 shares of the company’s stock, valued at approximately $45,399,692.54. This represents a 0.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Chan W. Lee sold 3,641 shares of the company’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $54.14, for a total transaction of $197,123.74. Following the sale, the insider directly owned 160,049 shares of the company’s stock, valued at approximately $8,665,052.86. This represents a 2.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 103,899 shares of company stock valued at $5,921,677 in the last quarter. 5.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Consumer Edge restated a “buy” rating on shares of Ambarella in a research note on Tuesday, February 24th. Rosenblatt Securities reaffirmed a “buy” rating and set a $115.00 price objective on shares of Ambarella in a report on Monday, March 23rd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ambarella in a report on Wednesday, January 21st. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.