DekaBank Deutsche Girozentrale Makes New $78,000 Investment in Ambarella, Inc. (NASDAQ:AMBA)

DekaBank Deutsche Girozentrale purchased a new stake in shares of Ambarella, Inc. (NASDAQ:AMBA) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 1,266 shares of the semiconductor company’s stock, valued at approximately $78,000.

Other large investors have also recently modified their holdings of the company. Creative Planning bought a new stake in shares of Ambarella during the 3rd quarter valued at about $27,000. Stephens Inc. AR boosted its position in shares of Ambarella by 73.0% during the 1st quarter. Stephens Inc. AR now owns 1,095 shares of the semiconductor company’s stock valued at $85,000 after acquiring an additional 462 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Ambarella during the 3rd quarter valued at about $66,000. Advisors Asset Management Inc. boosted its position in shares of Ambarella by 30.0% during the 1st quarter. Advisors Asset Management Inc. now owns 1,537 shares of the semiconductor company’s stock valued at $161,000 after acquiring an additional 355 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of Ambarella by 39.3% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,546 shares of the semiconductor company’s stock valued at $80,000 after acquiring an additional 436 shares during the last quarter. Institutional investors own 82.09% of the company’s stock.

Ambarella Price Performance

Shares of Ambarella stock opened at $43.66 on Thursday. The business’s 50 day simple moving average is $52.33 and its two-hundred day simple moving average is $54.09. The stock has a market capitalization of $1.79 billion, a P/E ratio of -10.30 and a beta of 1.66. Ambarella, Inc. has a one year low of $43.23 and a one year high of $89.18.

Ambarella (NASDAQ:AMBA) last announced its quarterly earnings results on Tuesday, February 27th. The semiconductor company reported ($0.95) EPS for the quarter, topping analysts’ consensus estimates of ($0.98) by $0.03. The business had revenue of $51.62 million for the quarter, compared to analysts’ expectations of $51.68 million. Ambarella had a negative return on equity of 23.78% and a negative net margin of 74.81%. Sell-side analysts expect that Ambarella, Inc. will post -3.53 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Ambarella news, COO Chan W. Lee sold 1,075 shares of Ambarella stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $49.27, for a total value of $52,965.25. Following the transaction, the chief operating officer now directly owns 124,146 shares of the company’s stock, valued at approximately $6,116,673.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CTO Leslie Kohn sold 1,198 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $49.27, for a total transaction of $59,025.46. Following the transaction, the chief technology officer now directly owns 964,664 shares of the company’s stock, valued at $47,528,995.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Chan W. Lee sold 1,075 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $49.27, for a total value of $52,965.25. Following the transaction, the chief operating officer now directly owns 124,146 shares in the company, valued at $6,116,673.42. The disclosure for this sale can be found here. Insiders have sold 6,648 shares of company stock valued at $327,595 in the last ninety days. Company insiders own 5.90% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on AMBA shares. StockNews.com upgraded Ambarella to a “sell” rating in a research report on Saturday, April 13th. Bank of America dropped their target price on Ambarella from $62.00 to $50.00 and set an “underperform” rating for the company in a research report on Tuesday. Wells Fargo & Company downgraded Ambarella from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $85.00 to $65.00 in a research report on Wednesday, January 3rd. Morgan Stanley boosted their target price on Ambarella from $67.00 to $73.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 28th. Finally, Susquehanna boosted their target price on Ambarella from $70.00 to $80.00 and gave the stock a “positive” rating in a research report on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Ambarella presently has a consensus rating of “Hold” and a consensus target price of $71.08.

Ambarella Profile

Ambarella, Inc develops semiconductor solutions that enable high-definition (HD) and ultra HD compression, image processing, and deep neural network processing worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, artificial intelligence computer vision algorithms, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.