Oak Harvest Investment Services Raises Stock Position in Ambarella, Inc. $AMBA

Oak Harvest Investment Services boosted its holdings in Ambarella, Inc. (NASDAQ:AMBA) by 539.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 31,959 shares of the semiconductor company’s stock after purchasing an additional 26,959 shares during the quarter. Oak Harvest Investment Services’ holdings in Ambarella were worth $2,264,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Stephens Inc. AR increased its stake in Ambarella by 3.7% in the 3rd quarter. Stephens Inc. AR now owns 3,804 shares of the semiconductor company’s stock worth $314,000 after buying an additional 137 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in Ambarella by 3.2% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 4,537 shares of the semiconductor company’s stock worth $374,000 after buying an additional 142 shares in the last quarter. Arizona State Retirement System increased its stake in Ambarella by 1.3% in the 3rd quarter. Arizona State Retirement System now owns 11,899 shares of the semiconductor company’s stock worth $982,000 after buying an additional 157 shares in the last quarter. National Bank of Canada FI increased its stake in Ambarella by 18.9% in the 3rd quarter. National Bank of Canada FI now owns 1,146 shares of the semiconductor company’s stock worth $95,000 after buying an additional 182 shares in the last quarter. Finally, Pallas Capital Advisors LLC increased its stake in Ambarella by 6.5% in the 4th quarter. Pallas Capital Advisors LLC now owns 3,109 shares of the semiconductor company’s stock worth $220,000 after buying an additional 190 shares in the last quarter. Hedge funds and other institutional investors own 82.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on AMBA shares. Rosenblatt Securities restated a “buy” rating and set a $115.00 price objective on shares of Ambarella in a research report on Monday, March 23rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ambarella in a research report on Wednesday, January 21st. Consumer Edge reiterated a “buy” rating on shares of Ambarella in a research report on Tuesday, February 24th. Finally, Wall Street Zen lowered Ambarella from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. Two equities 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 assigned a Sell rating to the company. According to data from MarketBeat.com, Ambarella has a consensus rating of “Moderate Buy” and an average price target of $96.00.

Ambarella Stock Up 1.6%

Shares of NASDAQ:AMBA opened at $58.23 on Friday. The company has a market capitalization of $2.55 billion, a price-to-earnings ratio of -32.71 and a beta of 2.01. Ambarella, Inc. has a 52 week low of $40.81 and a 52 week high of $96.69. The firm has a 50 day moving average of $57.67 and a 200 day moving average of $70.18.

Ambarella (NASDAQ:AMBA) last issued its quarterly earnings data 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 net margin of 19.42% and a negative return on equity of 12.16%. The company had revenue of $100.87 million during the quarter, compared to the consensus estimate of $100.17 million. During the same quarter in the previous year, the firm posted $0.11 earnings per share. Ambarella’s revenue for the quarter was up 20.1% compared to the same quarter last year. On average, sell-side analysts expect that Ambarella, Inc. will post -2.81 EPS for the current year.

Insider Activity

In other Ambarella news, insider Chan W. Lee sold 6,729 shares of Ambarella stock in a transaction on 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 directly owned 156,370 shares of the company’s stock, valued at approximately $8,251,644.90. The trade was a 4.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Chi-Hong Ju sold 4,729 shares of Ambarella stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $52.77, for a total transaction of $249,549.33. Following the completion of the transaction, the vice president directly owned 164,166 shares in the company, valued at $8,663,039.82. This represents a 2.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 101,928 shares of company stock valued at $5,803,417 over the last three months. Company insiders own 5.30% of the company’s stock.

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.