Ambarella, Inc. $AMBA Stock Holdings Raised by Jericho Capital Asset Management L.P.

Jericho Capital Asset Management L.P. raised its holdings in shares of Ambarella, Inc. (NASDAQ:AMBA) by 30.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,587,081 shares of the semiconductor company’s stock after purchasing an additional 373,734 shares during the period. Ambarella comprises about 1.3% of Jericho Capital Asset Management L.P.’s portfolio, making the stock its 21st largest holding. Jericho Capital Asset Management L.P.’s holdings in Ambarella were worth $112,429,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its position in shares of Ambarella by 2,312.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 864,610 shares of the semiconductor company’s stock worth $61,250,000 after buying an additional 828,773 shares during the last quarter. UBS Group AG grew its position in shares of Ambarella by 379.3% during the 3rd quarter. UBS Group AG now owns 821,747 shares of the semiconductor company’s stock valued at $67,811,000 after buying an additional 650,306 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in Ambarella during the second quarter worth about $36,810,000. Barclays PLC raised its stake in Ambarella by 121.7% during the third quarter. Barclays PLC now owns 775,113 shares of the semiconductor company’s stock worth $63,962,000 after acquiring an additional 425,546 shares during the period. Finally, Balyasny Asset Management L.P. lifted 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 acquiring an additional 413,362 shares during the last quarter. 82.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Consumer Edge reaffirmed a “buy” rating on shares of Ambarella in a report on Friday, May 22nd. Summit Insights lowered Ambarella from a “buy” rating to a “hold” rating in a research report on Friday, May 29th. Rosenblatt Securities restated a “buy” rating and set a $115.00 price objective on shares of Ambarella in a research note on Tuesday, May 26th. Northland Securities set a $101.00 target price on Ambarella in a research report on Wednesday. Finally, Susquehanna raised their target price on Ambarella from $80.00 to $110.00 and gave the company a “positive” rating in a research note on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $100.50.

Insider Buying and Selling

In other Ambarella news, VP Yun-Lung Chen sold 9,856 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $67.06, for a total value of $660,943.36. Following the completion of the sale, the vice president directly owned 66,515 shares in the company, valued at $4,460,495.90. This represents a 12.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO John Alexander Young sold 400 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $96.00, for a total value of $38,400.00. Following the transaction, the chief financial officer directly owned 117,623 shares of the company’s stock, valued at approximately $11,291,808. The trade was a 0.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 44,727 shares of company stock valued at $3,775,428 over the last quarter. Corporate insiders own 4.50% of the company’s stock.

Ambarella Stock Down 1.8%

Shares of AMBA opened at $65.88 on Thursday. The firm has a market capitalization of $2.89 billion, a PE ratio of -40.92 and a beta of 2.15. The firm has a 50-day moving average price of $70.22 and a 200 day moving average price of $66.71. 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, May 28th. The semiconductor company reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates of $0.11. The company had revenue of $100.36 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the firm earned $0.07 EPS. On average, equities analysts expect that Ambarella, Inc. will post -1.13 EPS for the current year.

Ambarella 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.