Leonteq Securities AG Reduces Stake in Ambarella, Inc. $AMBA

Leonteq Securities AG lessened its holdings in shares of Ambarella, Inc. (NASDAQ:AMBA) by 24.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,349 shares of the semiconductor company’s stock after selling 6,521 shares during the period. Leonteq Securities AG’s holdings in Ambarella were worth $1,047,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Main Management ETF Advisors LLC boosted its holdings in Ambarella by 1.0% in the fourth quarter. Main Management ETF Advisors LLC now owns 17,226 shares of the semiconductor company’s stock valued at $1,220,000 after purchasing an additional 176 shares in the last quarter. National Bank of Canada FI raised its holdings in Ambarella by 18.9% during the third quarter. National Bank of Canada FI now owns 1,146 shares of the semiconductor company’s stock worth $95,000 after purchasing an additional 182 shares in the last quarter. Pallas Capital Advisors LLC raised its holdings in Ambarella by 6.5% during the fourth quarter. Pallas Capital Advisors LLC now owns 3,109 shares of the semiconductor company’s stock worth $220,000 after purchasing an additional 190 shares in the last quarter. Natixis Advisors LLC raised its holdings in Ambarella by 1.5% during the third quarter. Natixis Advisors LLC now owns 13,721 shares of the semiconductor company’s stock worth $1,132,000 after purchasing an additional 204 shares in the last quarter. Finally, Mariner LLC lifted its position in shares of Ambarella by 2.6% during the 3rd quarter. Mariner LLC now owns 8,574 shares of the semiconductor company’s stock worth $707,000 after buying an additional 219 shares during the last quarter. Hedge funds and other institutional investors own 82.09% of the company’s stock.

Insider Activity

In other Ambarella news, VP Chi-Hong Ju sold 10,000 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $88.84, for a total value of $888,400.00. Following the transaction, the vice president directly owned 155,924 shares of the company’s stock, valued at approximately $13,852,288.16. The trade was a 6.03% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Yun-Lung Chen sold 9,856 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $67.06, for a total transaction of $660,943.36. Following the transaction, the vice president owned 66,515 shares of the company’s stock, valued at approximately $4,460,495.90. The trade was a 12.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 87,432 shares of company stock valued at $7,241,303. 4.50% of the stock is currently owned by company insiders.

Ambarella Price Performance

AMBA opened at $78.36 on Friday. Ambarella, Inc. has a 52 week low of $48.30 and a 52 week high of $96.69. The business has a 50 day moving average price of $74.00 and a two-hundred day moving average price of $66.55. The company has a market cap of $3.44 billion, a PE ratio of -48.67 and a beta of 2.11.

Ambarella (NASDAQ:AMBA) last announced its earnings results on Thursday, May 28th. The semiconductor company reported $0.11 earnings per share for the quarter, meeting the consensus estimate 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 return on equity of 10.94% and a negative net margin of 17.18%.The company’s revenue was up 16.9% on a year-over-year basis. During the same period last year, the business posted $0.07 EPS. As a group, sell-side analysts expect that Ambarella, Inc. will post -1.13 EPS for the current fiscal year.

Analyst Ratings Changes

AMBA has been the subject of several research analyst reports. Summit Insights cut shares of Ambarella from a “buy” rating to a “hold” rating in a report on Friday, May 29th. Stifel Nicolaus set a $106.00 price target on shares of Ambarella in a research report on Friday, May 29th. Bank of America upped their price objective on shares of Ambarella from $72.00 to $96.00 and gave the company a “neutral” rating in a research note on Friday, May 29th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Ambarella in a report on Friday, June 26th. Finally, Northland Securities set a $101.00 price objective on Ambarella in a report on Wednesday, June 17th. One equities research 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 given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $100.50.

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.