28,000 Shares in Ambarella, Inc. $AMBA Bought by MYDA Advisors LLC

MYDA 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 SEC. The institutional investor bought 28,000 shares of the semiconductor company’s stock, valued at approximately $1,984,000.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Ambarella by 6.0% in the 4th quarter. Vanguard Group Inc. now owns 5,480,285 shares of the semiconductor company’s stock worth $388,223,000 after buying an additional 311,649 shares during the period. State Street Corp boosted its holdings in Ambarella by 8.9% in the 2nd quarter. State Street Corp now owns 1,855,170 shares of the semiconductor company’s stock worth $122,562,000 after buying an additional 151,694 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Ambarella by 4.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,371,511 shares of the semiconductor company’s stock worth $90,609,000 after buying an additional 52,954 shares during the period. Jericho Capital Asset Management L.P. boosted its holdings in Ambarella by 10.5% in the 3rd quarter. Jericho Capital Asset Management L.P. now owns 1,213,347 shares of the semiconductor company’s stock worth $100,125,000 after buying an additional 114,865 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Ambarella by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 1,020,527 shares of the semiconductor company’s stock worth $72,305,000 after buying an additional 35,510 shares during the period. Institutional investors own 82.09% of the company’s stock.

Ambarella Price Performance

AMBA opened at $67.78 on Monday. The firm has a 50-day simple moving average of $69.20 and a two-hundred day simple moving average of $66.96. Ambarella, Inc. has a 52 week low of $48.30 and a 52 week high of $96.69. The company has a market capitalization of $2.97 billion, a PE ratio of -42.10 and a beta of 2.15.

Ambarella (NASDAQ:AMBA) last released its quarterly earnings data on Thursday, May 28th. The semiconductor company reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11. Ambarella had a negative net margin of 17.18% and a negative return on equity of 10.94%. The business had revenue of $100.36 million during the quarter, compared to the consensus estimate of $100.12 million. During the same quarter in the prior year, the firm earned $0.07 EPS. The business’s revenue was up 16.9% on a year-over-year basis. As a group, sell-side analysts expect that Ambarella, Inc. will post -1.13 earnings per share for the current year.

Insider Buying and Selling at Ambarella

In related news, CEO Feng-Ming Wang sold 32,500 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $91.01, for a total value of $2,957,825.00. Following the completion of the transaction, the chief executive officer owned 806,061 shares of the company’s stock, valued at approximately $73,359,611.61. This trade represents a 3.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Chan W. Lee sold 6,729 shares of the stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $52.77, for a total transaction of $355,089.33. Following the completion of 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 position. 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 in the last 90 days. 4.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on AMBA. Bank of America upped their target price on shares of Ambarella from $72.00 to $96.00 and gave the stock a “neutral” rating in a report on Friday, May 29th. Susquehanna increased their price objective on shares of Ambarella from $80.00 to $110.00 and gave the company a “positive” rating in a report on Friday, May 29th. Rosenblatt Securities reissued a “buy” rating and set a $115.00 price objective on shares of Ambarella in a report on Tuesday, May 26th. Stifel Nicolaus set a $106.00 price objective on shares of Ambarella in a report on Friday, May 29th. Finally, Consumer Edge reissued a “buy” rating on shares of Ambarella in a report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $99.75.

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.